Guideline Value for Kalaignar Kaunanithi Nagar

Kalaignar Kaunanithi Nagar guideline value

The current guideline value of Kalaignar Kaunanithi Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is located in Adhanoor village, under the Gooduvancheri SRO, and is classified as Residential Special Type - I.

How the guideline value of Kalaignar Kaunanithi Nagar has changed

The guideline value for Kalaignar Kaunanithi Nagar has seen several revisions over the years. In the 2007 revision, the value was Rs 441 per sq.ft, which increased to Rs 1,000 per sq.ft in the 2012 revision. However, it dropped to Rs 670 per sq.ft in the 2017 revision. The 2023 revision maintained the value at Rs 1,000 per sq.ft, and this has remained unchanged in the 2024 revision.

To summarize the changes: from 2017 to 2023, there was an increase of 49%. The value then remained stable from 2023 to 2024, showing a change of +0%. Overall, from the 2007 revision to the current 2024 figure, there has been a significant increase of 127%.

Guideline values in Adhanoor

In Adhanoor, there are 169 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 670 to Rs 3,000 per sq.ft, with a median value of Rs 1,000 per sq.ft. The guideline value for Kalaignar Kaunanithi Nagar aligns with this median.

• Kabali Nagar: Rs 1,000 per sq.ft (2024)
• J.R. Nagar: Rs 1,000 per sq.ft (2024)
• J.R.K. Nagar: Rs 1,000 per sq.ft (2024)
• J.R Avenue: Rs 1,000 per sq.ft (2024)
• Kanchi Kamachi Nagar: Rs 1,000 per sq.ft (2024)
• Jayaram Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Kalaignar Kaunanithi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, making the total cost for these fees Rs 90,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kalaignar Kaunanithi Nagar?

The Sub Registrar Office that covers Kalaignar Kaunanithi 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 Adhanoor

The guideline value is a crucial factor in the registration process when buying or selling property in Adhanoor. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that both the buyer and seller are aware of the financial obligations involved in the property transaction.

Frequently asked questions

What is the current guideline value of Kalaignar Kaunanithi Nagar?

The current guideline value of Kalaignar Kaunanithi Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has undergone several revisions, with the most recent change being from Rs 1,000 per sq.ft in 2023 to Rs 1,000 per sq.ft in 2024, showing no change. Overall, from 2007 to 2024, it has increased by 127%.

What is the land classification for Kalaignar Kaunanithi Nagar?

Kalaignar Kaunanithi Nagar is classified as Residential Special Type - I, indicating its suitability for residential development.

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 rate, the total fees would amount to Rs 90,000.

Where is the Sub Registrar Office for Kalaignar Kaunanithi Nagar located?

The Sub Registrar Office for Kalaignar Kaunanithi Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery - 603202, Chengalpattu registration zone.