Guideline Value for KARTHIKEYAN NAGAR - Kalaimani street

KARTHIKEYAN NAGAR - Kalaimani street guideline value

The current guideline value for KARTHIKEYAN NAGAR - Kalaimani street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Maduravoyal village and falls under the Virugambakkam SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of KARTHIKEYAN NAGAR - Kalaimani street has changed

The guideline value for KARTHIKEYAN NAGAR - Kalaimani street has seen several revisions over the years. Starting from Rs 283 per sq.ft in 2002, it increased to Rs 310 per sq.ft in 2003, marking a 10% rise. By 2007, the value surged to Rs 500 per sq.ft, reflecting a significant increase of 61%. The value then rose dramatically to Rs 3,000 per sq.ft in 2012, which was a 500% increase from the previous revision. However, it dropped to Rs 2,010 per sq.ft in 2017, indicating a decline of 33%. The value increased again to Rs 3,000 per sq.ft in 2023, and finally, it reached Rs 3,300 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1,066%. There are no figures available for the revisions in years not listed for this street.

Guideline values in Maduravoyal

In Maduravoyal, there are 636 streets under the Virugambakkam SRO, with guideline values ranging from Rs 2,200 to Rs 6,050 per sq.ft. The median guideline value in this village is Rs 3,050 per sq.ft, placing KARTHIKEYAN NAGAR - Kalaimani street above this median.

• KARTHIKEYAN NAGAR - Iyappan Street: Rs 3,300 per sq.ft (2024)
• KARTHIKEYAN NAGAR - Karmegam Street: Rs 3,300 per sq.ft (2024)
• KARTHIKEYAN NAGAR - Devi Karumari Street: Rs 3,300 per sq.ft (2024)
• KARTHIKEYAN NAGAR - Karunakara Perumal Koil Street: Rs 3,300 per sq.ft (2024)
• KARTHIKEYAN NAGAR - Deivanai Street: Rs 3,300 per sq.ft (2024)
• KARTHIKEYAN NAGAR - Kavalar Kudiyiruppu Sandhu: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in KARTHIKEYAN NAGAR - Kalaimani street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers KARTHIKEYAN NAGAR - Kalaimani street?

The Sub Registrar Office that covers KARTHIKEYAN NAGAR - Kalaimani street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Maduravoyal

The guideline value is a crucial factor when registering property transactions in Maduravoyal. It serves as a benchmark for determining the minimum price at which a property can be sold, ensuring that the transaction reflects a fair value in accordance with local regulations.

When a buyer or seller engages in a property transaction, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that the financial obligations associated with the property transfer are clear and transparent.

Frequently asked questions

What is the current guideline value for KARTHIKEYAN NAGAR - Kalaimani street?

The current guideline value for KARTHIKEYAN NAGAR - Kalaimani street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 283 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 1,066% over the years.

What is the land classification for this area?

The land classification for KARTHIKEYAN NAGAR - Kalaimani street is Residential Class II Type - I.

What are the stamp duty and registration fees for this property?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 33,00,000, with stamp duty at Rs 2,31,000 and registration fee at Rs 66,000, totaling Rs 2,97,000.

Which office handles registrations for this street?

The Virugambakkam Sub Registrar Office handles registrations for KARTHIKEYAN NAGAR - Kalaimani street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.