Guideline Value for Kalaignar Nagar

Kalaignar Nagar guideline value

The current guideline value of Kalaignar Nagar, located in Kovilpathagai village under the Ambattur SRO, is Rs 807 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class III Type - II.

How the guideline value of Kalaignar Nagar has changed

The guideline value for Kalaignar Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which increased to Rs 335 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 141%, bringing the value to Rs 807 per sq.ft, which remained unchanged in the 2024 revision.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 61%.

Guideline values in Kovilpathagai

Kovilpathagai village has a total of 278 streets under the Ambattur SRO, with guideline values for 2024 ranging from Rs 803 to Rs 2,900 per sq.ft. The median guideline value for these streets is Rs 870 per sq.ft, making the current value of Kalaignar Nagar below this median.

• Kalaignar Nagar 10th Street: Rs 807 per sq.ft (2024)
• Kalaignar Nagar 11th Street: Rs 807 per sq.ft (2024)
• Kalaignar Nagar 12th Street: Rs 807 per sq.ft (2024)
• Kalaignar Nagar 13th Street: Rs 807 per sq.ft (2024)
• Kalaignar Nagar 14th Street: Rs 807 per sq.ft (2024)
• Kalaignar Nagar 15th Street: Rs 807 per sq.ft (2024)

Stamp duty and registration fee for property in Kalaignar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 807 per sq.ft, the total guideline value would be Rs 8,07,000. The stamp duty at 7% would amount to Rs 56,490, and the registration fee at 2% would be Rs 16,140, totaling Rs 72,630. It is important 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.

Which Sub Registrar Office covers Kalaignar Nagar?

The Sub Registrar Office that covers Kalaignar Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical component when buying or selling property in Kovilpathagai. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue based on the value of the transaction.

Frequently asked questions

What is the current guideline value of Kalaignar Nagar?

The current guideline value of Kalaignar Nagar is Rs 807 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then increased to Rs 807 per sq.ft in 2023 and remained the same in 2024.

What are the other streets in Kovilpathagai with the same guideline value?

Other streets in Kovilpathagai with the same guideline value of Rs 807 per sq.ft include Kalaignar Nagar 10th, 11th, 12th, 13th, 14th, and 15th Streets.

What are the stamp duty and registration fees for property in Kalaignar Nagar?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 72,630.

Which office should I visit for property registration in Kalaignar Nagar?

The Ambattur Sub Registrar Office is responsible for property registrations in Kalaignar Nagar. It is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai.