Guideline Value for Kalaignar Nagar

Kalaignar Nagar guideline value

The current guideline value of Kalaignar Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Vadakal village, under the Sriperumpudur SRO, and is classified as Residential Class III Type - I.

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 200 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 134 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, the value increased by 49%, bringing it back to Rs 200 per sq.ft, which was maintained in the 2023 revision and continues into the 2024 revision.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 200 per sq.ft.

Guideline values in Vadakal

In Vadakal, there are a total of 31 streets that carry a guideline value for 2024, with values ranging from Rs 150 to Rs 800 per sq.ft. The median guideline value in the village is Rs 300 per sq.ft, placing Kalaignar Nagar below this median at Rs 200 per sq.ft.

• Kaivalyam Nagar: Rs 500 per sq.ft (2024)
• Jemi Garden Phase III: Rs 400 per sq.ft (2024)
• Kari Vinayagar Nagar: Rs 200 per sq.ft (2024)
• Iswaryam Nagar: Rs 800 per sq.ft (2024)
• Kayathiri Nagar: Rs 550 per sq.ft (2024)
• Green Park: Rs 300 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 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total fees to Rs 18,000. It is important to 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 Kalaignar Nagar?

The Sub Registrar Office that covers Kalaignar Nagar is 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 Vadakal

The guideline value is a crucial factor in the registration process of property transactions in Vadakal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value helps both parties understand the legal and financial implications of the transaction. It is essential for buyers to be aware of the guideline value to ensure compliance with local regulations and to avoid any potential disputes during the registration process.

Frequently asked questions

What is the current guideline value of Kalaignar Nagar?

The current guideline value of Kalaignar Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent revision in 2024 maintaining the value at Rs 200 per sq.ft. The value was Rs 134 per sq.ft in 2017, and it increased by 49% to Rs 200 per sq.ft in 2023.

What are the other streets in Vadakal with their guideline values?

In Vadakal, there are several other streets with varying guideline values. For instance, Kaivalyam Nagar has a value of Rs 500 per sq.ft, while Kari Vinayagar Nagar is at Rs 200 per sq.ft.

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

The stamp duty for properties in Kalaignar Nagar is 7%, while the registration fee is 2%. For a property valued at Rs 2,00,000, the total fees would amount to Rs 18,000.

Where is the Sub Registrar Office for Kalaignar Nagar located?

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