Guideline Value for Kajalakshmi Nagar

Kajalakshmi Nagar guideline value

The current guideline value of Kajalakshmi Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This area is located in Irunkattukottai_B village, under the Sriperumpudur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Kajalakshmi Nagar has changed

The guideline value for Kajalakshmi Nagar has remained stable at Rs 400 per sq.ft from the 2023 revision to the 2024 revision, reflecting a change of +0%. Prior to this, the 2017 revision set the value at Rs 268 per sq.ft, marking a significant increase of +49% over the six-year period leading up to 2023.

There are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the current 2024 revision, the guideline value has increased by +49%.

Guideline values in Irunkattukottai_B

In Irunkattukottai_B, there are 54 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 250 to Rs 1,200 per sq.ft. The median value for these streets is Rs 400 per sq.ft, which is equal to the current guideline value of Kajalakshmi Nagar.

• Kalaignar Street: Rs 250 per sq.ft (2024)
• J.S.R. Nagar: Rs 250 per sq.ft (2024)
• Kamachi Amman Nagar - I: Rs 600 per sq.ft (2024)
• Kamachi Amman Nagar - II: Rs 600 per sq.ft (2024)
• Kamachi Amman Nagar - III: Rs 600 per sq.ft (2024)
• Kamachi Amman Nagar - IV: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Kajalakshmi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, making the total cost for these fees Rs 36,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kajalakshmi Nagar?

Kajalakshmi Nagar is covered by the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is crucial during the registration process of property transactions in Irunkattukottai_B. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is sold, the buyer must ensure that the sale price is either equal to or greater than the guideline value to avoid any discrepancies during registration. This ensures that all parties are aware of the financial obligations tied to the property transaction.

Frequently asked questions

What is the current guideline value of Kajalakshmi Nagar?

The current guideline value of Kajalakshmi Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft from 2023 to 2024, and has increased by +49% from Rs 268 per sq.ft in 2017 to the current value.

What is the land classification of Kajalakshmi Nagar?

Kajalakshmi Nagar is classified as Residential Class III Type - I, indicating its suitability for residential development.

What are the other streets in Irunkattukottai_B?

Other streets in Irunkattukottai_B include Kalaignar Street, J.S.R. Nagar, and various Kamachi Amman Nagar streets, with values ranging from Rs 250 to Rs 600 per sq.ft in 2024.

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

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