Guideline Value for Kalaiarasi Singaram Nagar

Kalaiarasi Singaram Nagar guideline value

The current guideline value of Kalaiarasi Singaram Nagar is Rs 1,500 per sq.ft, as per the 2023 revision. This area falls under the Gooduvancheri SRO and is classified as Residential Special Type - I.

How the guideline value of Kalaiarasi Singaram Nagar has changed

The guideline value for Kalaiarasi Singaram Nagar has seen several revisions over the years. In 2007, the guideline value was Rs 550 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012, marking a rise of 173%. However, the value dropped to Rs 1,005 per sq.ft in 2017, a decrease of 33%. The most recent revision in 2023 brought the value back to Rs 1,500 per sq.ft, representing a 49% increase from the 2017 figure.

Overall, from 2007 to 2023, the guideline value has increased by 173%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Vandalur

Currently, there are no specific village figures available for Vandalur. Kalaiarasi Singaram Nagar is part of the Gooduvancheri SRO, which does not list any other streets in Vandalur with guideline values.

Stamp duty and registration fee for property in Kalaiarasi Singaram Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, resulting in a total of Rs 1,35,000. Please note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kalaiarasi Singaram Nagar?

The Sub Registrar Office that covers Kalaiarasi Singaram 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 Vandalur

The guideline value plays a crucial role during the registration of property transactions in Vandalur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When you buy or sell property, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable duties. This process helps maintain transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Kalaiarasi Singaram Nagar?

The current guideline value of Kalaiarasi Singaram Nagar is Rs 1,500 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

Over the years, the guideline value has fluctuated. It increased from Rs 550 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2012, then dropped to Rs 1,005 per sq.ft in 2017, and returned to Rs 1,500 per sq.ft in 2023.

Is there a guideline value for 2024?

No, the register does not have a figure for the guideline value of Kalaiarasi Singaram Nagar for the year 2024.

What are the stamp duty and registration fees for property in this area?

The stamp duty is charged at 7%, and the registration fee is 2% of the guideline value. For a property valued at Rs 15,00,000, the total fees would be Rs 1,35,000.

Which office handles the registration of properties in Kalaiarasi Singaram Nagar?

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