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_B village under the Sriperumpudur SRO and falls under the Residential Class III Type - I land classification.

How the guideline value of Kalaignar Nagar has changed

The guideline value for Kalaignar Nagar has seen several revisions over the years. The register shows no figures for the years 2002, 2003, 2007, and 2012. In 2017, the guideline value was Rs 134 per sq.ft, which increased by 49% to Rs 200 per sq.ft in the 2023 revision. The 2024 revision maintained the guideline value at Rs 200 per sq.ft, resulting in no change from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%. This consistency in the guideline value from 2023 to 2024 indicates stability in the valuation for this street.

Guideline values in Vadakal_B

In Vadakal_B village, there are 34 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 1,900 per sq.ft, with a median value of Rs 300 per sq.ft. The guideline value of Kalaignar Nagar is below this median.

• 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, making the total charges Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

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 further assistance.

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

The guideline value is a crucial factor when registering property transactions in Vadakal_B. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

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?

Since the 2017 revision, the guideline value has increased by 49%. The value was Rs 134 per sq.ft in 2017, and it remained at Rs 200 per sq.ft from 2023 to 2024.

What are the guideline values of other streets in Vadakal_B?

Other streets in Vadakal_B have varying guideline values, ranging from Rs 150 to Rs 1,900 per sq.ft. The median guideline value in the village is Rs 300 per sq.ft.

How is stamp duty calculated for properties in Kalaignar Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a plot with a guideline value of Rs 2,00,000, the stamp duty would be Rs 14,000 at 7%.

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

The Sub Registrar Office for Kalaignar Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find more information through the appropriate links.