Guideline Value for KATHIRVELAN NAGAR

Kathirvelan Nagar guideline value

The current guideline value of Kathirvelan Nagar is Rs 1,045 per sq.ft as per the 2023 revision. This area falls under Keerapakkam village and is governed by the Gooduvancheri SRO. The land classification for this locality is Mixed Type - I.

How the guideline value of Kathirvelan Nagar has changed

The guideline value for Kathirvelan Nagar has seen significant changes over the years. In the 2017 revision, the guideline value was Rs 700 per sq.ft. This figure increased to Rs 1,045 per sq.ft in the 2023 revision, marking a change of +49% over this period.

There are no figures available for the revisions in 2002, 2003, 2007, 2012, and 2024 for this street, indicating that the guideline value remained unchanged or unrecorded during those years.

Guideline values in Keerapakkam

Currently, there are no specific village figures available for Keerapakkam. Kathirvelan Nagar is the only street mentioned in the records under this locality.

Stamp duty and registration fee for property in Kathirvelan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,045 per sq.ft, the total guideline value amounts to Rs 10,45,000. The stamp duty at 7% would be Rs 73,150, and the registration fee at 2% would be Rs 20,900, making the total cost for these fees Rs 94,050. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kathirvelan Nagar?

The Sub Registrar Office that covers Kathirvelan Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Keerapakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the sale or purchase of properties in the area.

When a buyer or seller engages in a property transaction, the guideline value is considered to ensure that the appropriate fees are calculated based on the higher of the guideline value or the actual sale price. This ensures compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Kathirvelan Nagar?

The current guideline value of Kathirvelan Nagar is Rs 1,045 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

From the 2017 revision, where the guideline value was Rs 700 per sq.ft, it increased to Rs 1,045 per sq.ft in the 2023 revision, reflecting a change of +49%.

Are there any guideline values for previous years?

There are no guideline values available for the years 2002, 2003, 2007, 2012, and 2024 for Kathirvelan Nagar.

What are the stamp duty and registration fees for a property in Kathirvelan Nagar?

For a property valued at Rs 10,45,000, the stamp duty would be Rs 73,150 and the registration fee would be Rs 20,900, totaling Rs 94,050.

Where is the Sub Registrar Office located for Kathirvelan Nagar?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.