Guideline Value for Kaivalyam Nagar

Kaivalyam Nagar guideline value

The current guideline value of Kaivalyam Nagar is Rs 500 per sq.ft, effective from 1 July 2024. This area is located in Vadakal_B village under the Sriperumpudur SRO, classified as Residential Special Type - II.

How the guideline value of Kaivalyam Nagar has changed

Over the years, the guideline value for Kaivalyam Nagar has seen several revisions. The most recent revision in 2024 set the guideline value at Rs 500 per sq.ft, which remains unchanged from the 2023 revision. Prior to that, the 2017 revision recorded a guideline value of Rs 335 per sq.ft. There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 49%. Overall, comparing the 2017 and 2024 revisions, there has also been a 49% increase, indicating that the value has remained stable since 2023.

Guideline values in Vadakal_B

In Vadakal_B, there are 34 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 1,900 per sq.ft, with a median value of Rs 300 per sq.ft. The guideline value of Kaivalyam Nagar is above this median.

• Kalaignar Nagar: Rs 200 per sq.ft (2024)
• Jemi Garden Phase III: Rs 400 per sq.ft (2024)
• Iswaryam Nagar: Rs 800 per sq.ft (2024)
• Kari Vinayagar Nagar: Rs 200 per sq.ft (2024)
• Kayathiri Nagar: Rs 550 per sq.ft (2024)
• Green Park: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Kaivalyam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000, making the total cost for these fees Rs 45,000. It is essential 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 details on fees applicable to your property transaction.

Which Sub Registrar Office covers Kaivalyam Nagar?

The Sub Registrar Office that covers Kaivalyam Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Vadakal_B, as it determines the stamp duty and registration fees payable. The authorities use this value to assess the transaction and ensure that the appropriate fees are collected based on the current guideline rates.

When engaging in property transactions, it is important to be aware of the guideline value, as it can affect the overall cost of purchasing or selling a property. Buyers and sellers should consult the latest guideline values to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Kaivalyam Nagar?

The current guideline value of Kaivalyam Nagar is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 500 per sq.ft from 2023 to 2024, showing no change. However, from 2017 to 2023, it increased by 49% from Rs 335 per sq.ft.

What is the land classification of Kaivalyam Nagar?

Kaivalyam Nagar is classified as Residential Special Type - II, indicating its intended use for residential purposes.

Where can I find the Sub Registrar Office for Kaivalyam Nagar?

The Sub Registrar Office for Kaivalyam Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total fees would be Rs 45,000.