Guideline Value

Corporate

Guideline Value for Kalaiarasi Nagar

₹440/sq.ft.

The guideline value for Kalaiarasi Nagar in Pothur village (Redhills SRO, Chennai zone) is Rs 440 per sq.ft, effective 1 July 2024. It was Rs 400 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pothur

Village

Redhills

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹440 /sq.ft.
From 1-4-2023 ₹400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹268 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹400 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹21 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹201 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Kalaiarasi Nagar

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Kalaiarasi Nagar guideline value

The current guideline value of Kalaiarasi Nagar, located in Pothur village under the Redhills SRO, is Rs 440 per sq.ft, as per the 2024 revision effective from 1 July 2024. This area is classified as Residential Class II Type - I.

How the guideline value of Kalaiarasi Nagar has changed

The guideline value for Kalaiarasi Nagar has seen several revisions over the years. The earliest recorded figure in 2002 was Rs 201 per sq.ft, which then decreased to Rs 21 per sq.ft in 2003. Following this, the value increased significantly to Rs 200 per sq.ft in 2007, then doubled to Rs 400 per sq.ft in 2012. In 2017, the value was revised to Rs 268 per sq.ft, and then it increased to Rs 400 per sq.ft in 2023. The most recent revision in 2024 has set the value at Rs 440 per sq.ft.

In terms of changes, from 2002 to 2003, there was a decrease of 90%. The value then increased by 852% from 2003 to 2007. The 2007 to 2012 revision saw a 100% increase, while from 2012 to 2017, there was a decrease of 33%. The value rose by 49% from 2017 to 2023, and from 2023 to 2024, it increased by 10%. Overall, from 2002 to 2024, the guideline value has increased by 119%.

Guideline values in Pothur

Pothur village features a range of guideline values across its 98 streets under the Redhills SRO, with figures for 2024 ranging from Rs 330 to Rs 2,000 per sq.ft. The median guideline value in this village is Rs 550 per sq.ft, placing Kalaiarasi Nagar's 2024 figure below that median.

Stamp duty and registration fee for property in Kalaiarasi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total to Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Kalaiarasi Nagar?

The Sub Registrar Office that covers Kalaiarasi Nagar is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Pothur. It is used to determine the stamp duty and registration fees applicable when buying or selling property. Buyers and sellers must be aware of this value to ensure compliance with local regulations.

When a property is registered, the guideline value serves as a baseline for calculating the taxes involved in the transaction. It is essential that both parties are informed about the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kalaiarasi Nagar?

The current guideline value of Kalaiarasi Nagar is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has undergone several revisions, starting from Rs 201 per sq.ft in 2002 to Rs 440 per sq.ft in 2024, with various increases and decreases in between.

What is the land classification of Kalaiarasi Nagar?

Kalaiarasi Nagar is classified as Residential Class II Type - I.

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

The Sub Registrar Office for Kalaiarasi Nagar is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is the stamp duty calculated for properties in Kalaiarasi Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 4,40,000, the stamp duty would be Rs 30,800 at 7%.