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 locality is situated in Vadakal_C village, under the jurisdiction of 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 undergone several revisions over the years. The register shows that in 2017, the guideline value was Rs 134 per sq.ft. This figure remained unchanged until the 2023 revision, where it was revised to Rs 200 per sq.ft, marking a significant increase of 49%. The 2024 revision has also retained the guideline value at Rs 200 per sq.ft, indicating no change from the previous year.

It is important to note that there are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 49%.

Guideline values in Vadakal_C

In Vadakal_C, there are 61 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 1,500 per sq.ft. The median guideline value in this area is Rs 400 per sq.ft, placing Kalaignar Nagar's 2024 figure below this median.

• Kaivalyam Nagar: Rs 550 per sq.ft (2024)
• Kalasethra Avenue: Rs 500 per sq.ft (2024)
• Jeyandran Nagar: Rs 400 per sq.ft (2024)
• Jemi Gardens: Rs 550 per sq.ft (2024)
• Jemi Garden Phase III: Rs 400 per sq.ft (2024)
• Jemi Garden Extension: Rs 550 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 amounts to Rs 2,00,000. The stamp duty, calculated at 7%, would be 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.

You can use the stamp duty and registration fee calculator for further 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 more information.

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

The guideline value plays a crucial role during the registration of property transactions in Vadakal_C. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the state collects appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value is considered alongside the sale price. The higher of the two figures will be used to calculate the applicable stamp duty and registration fees, ensuring compliance with local regulations.

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 much has the guideline value changed over the years?

From 2017 to 2023, the guideline value increased from Rs 134 per sq.ft to Rs 200 per sq.ft, marking a 49% increase. The value has remained unchanged from 2023 to 2024.

What is the land classification for Kalaignar Nagar?

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

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.

How is the 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, a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft would incur a total stamp duty of Rs 14,000.