Guideline Value for KAVALKARAN NAGAR

Kavalkaran Nagar guideline value

The current guideline value of Kavalkaran Nagar is Rs 600 per sq.ft, effective from the 2024 revision. This area is located in Neelamangalam village under the Gooduvancheri SRO and is classified as Residential Class IV Type - II.

How the guideline value of Kavalkaran Nagar has changed

In the 2017 revision, the guideline value was set at Rs 402 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 600 per sq.ft. The latest revision in 2024 maintains the guideline value at Rs 600 per sq.ft, indicating no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, there was a significant increase of 49% in the guideline value. Overall, from 2017 to 2024, the guideline value has increased by 49% as well, reflecting the same percentage change.

Guideline values in Neelamangalam

In Neelamangalam, there are 41 streets under the Gooduvancheri SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 2,000 per sq.ft. The median value for these streets is Rs 600 per sq.ft, which is equal to the guideline value of Kavalkaran Nagar.

• K.C.R.Nagar: Rs 1,344 per sq.ft (2024)
• K.C.R. Nagar Phase -II: Rs 1,344 per sq.ft (2024)
• Kesavan Garden: Rs 1,300 per sq.ft (2024)
• Kkr Nagar: Rs 900 per sq.ft (2024)
• Kamaraj Nagar: Rs 600 per sq.ft (2024)
• Madhan Square: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Kavalkaran Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, together totaling Rs 54,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kavalkaran Nagar?

The Sub Registrar Office that covers Kavalkaran Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Neelamangalam. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When you register a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the state government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kavalkaran Nagar?

The current guideline value of Kavalkaran Nagar is Rs 600 per sq.ft, as per the 2024 revision, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft from 2023 to 2024. However, from 2017 to 2023, there was a 49% increase from Rs 402 per sq.ft to Rs 600 per sq.ft.

What is the land classification of Kavalkaran Nagar?

Kavalkaran Nagar is classified as Residential Class IV Type - II, which indicates its designation for residential use within the locality.

Which registration office is responsible for Kavalkaran Nagar?

The Gooduvancheri Sub Registrar Office is responsible for the registration of properties in Kavalkaran Nagar, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How is stamp duty calculated for properties in Kavalkaran Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000, leading to a stamp duty of Rs 42,000.