Guideline Value for Kalaimagal Nagar Part - I

Kalaimagal Nagar Part - I guideline value

The current guideline value of Kalaimagal Nagar Part - I is Rs 440 per sq.ft, effective from 1 July 2024. This area is located in Pazhanthandalam village and falls under the Padappai SRO. The land classification for this region is Residential Class III Type - I.

How the guideline value of Kalaimagal Nagar Part - I has changed

The guideline value for Kalaimagal Nagar Part - I has seen several revisions over the years. Starting with the 2012 revision, the value was Rs 400 per sq.ft. This figure remained until the 2017 revision, where it decreased to Rs 268 per sq.ft. However, the value increased significantly to Rs 400 per sq.ft in the 2023 revision, and then to Rs 440 per sq.ft in the 2024 revision, marking a 10% increase from the previous year. Notably, the register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%. Following this, there was a substantial increase of 49% from 2017 to 2023. Overall, the change from 2012 to 2024 reflects a 10% increase in the guideline value.

Guideline values in Pazhanthandalam

Pazhanthandalam village has a total of 57 streets under the Padappai SRO that have a 2024 guideline value ranging from Rs 440 to Rs 1,980 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing the guideline value of Kalaimagal Nagar Part - I below this median.

• Kalaimagal Nagar Part-II: Rs 440 per sq.ft (2024)
• Kalaimagal Nagar and Extn 1 to 6: Rs 770 per sq.ft (2024)
• Kalaimagal Nagar: Rs 770 per sq.ft (2024)
• Kale II Presently as known as Dhara Avenue: Rs 1,210 per sq.ft (2024)
• Kale Layout: Rs 770 per sq.ft (2024)
• Kanniyammal Nagar Extn: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Kalaimagal Nagar Part - I

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total to Rs 39,600. It is important to note that 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 Kalaimagal Nagar Part - I?

The Sub Registrar Office that covers Kalaimagal Nagar Part - I is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during the registration of property transactions in Pazhanthandalam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property registration.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately in the official register. This value is used to calculate the applicable taxes and fees, which are essential for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Kalaimagal Nagar Part - I?

The current guideline value of Kalaimagal Nagar Part - I is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 400 per sq.ft in 2012, decreasing to Rs 268 per sq.ft in 2017, and then increasing to Rs 400 per sq.ft in 2023, followed by Rs 440 per sq.ft in 2024.

What is the land classification for Kalaimagal Nagar Part - I?

The land classification for Kalaimagal Nagar Part - I is Residential Class III Type - I.

What are the other streets in Pazhanthandalam?

There are several other streets in Pazhanthandalam, with varying guideline values. Some of these include Kalaimagal Nagar Part-II, Kalaimagal Nagar and Extn 1 to 6, and Kanniyammal Nagar Extn.

Where is the Sub Registrar Office for Kalaimagal Nagar Part - I located?

The Sub Registrar Office for Kalaimagal Nagar Part - I is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.