Guideline Value for Kalaimathi Nagar 3rd Street

Kalaimathi Nagar 3rd Street guideline value

The current guideline value of Kalaimathi Nagar 3rd Street is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Thalakanancherry village under the Alandur SRO, classified as Residential Class II Type - II.

How the guideline value of Kalaimathi Nagar 3rd Street has changed

The guideline value for Kalaimathi Nagar 3rd Street has undergone several revisions over the years. In the 2007 revision, the value was Rs 750 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012, marking a rise of 233%. However, from 2012 to 2017, the value decreased to Rs 1,675 per sq.ft, a decline of 33%. The 2017 revision saw another increase to Rs 2,500 per sq.ft in 2023, which was a 49% rise. The latest revision in 2024 has set the value at Rs 2,800 per sq.ft, reflecting a 12% increase from the previous year.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 273%.

Guideline values in Thalakanancherry

In Thalakanancherry, there are 318 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 5,500 per sq.ft, with a median value of Rs 3,900 per sq.ft. The guideline value for Kalaimathi Nagar 3rd Street is below this median.

• Kalaimathi Nagar 3rd Cross Street: Rs 2,800 per sq.ft (2024)
• Kalaimathi Nagar Main: Rs 2,800 per sq.ft (2024)
• Kalaimathi Nagar 2nd Street: Rs 2,800 per sq.ft (2024)
• Kalaimathi Nagar 1st Street: Rs 2,800 per sq.ft (2024)
• Kamarajar Road: Rs 2,800 per sq.ft (2024)
• Kamaraj Street: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Kalaimathi Nagar 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value amounts to Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, bringing the total fees to Rs 2,52,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kalaimathi Nagar 3rd Street?

The Sub Registrar Office that covers Kalaimathi Nagar 3rd Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value plays a crucial role during property registration in Thalakanancherry. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is assessed to calculate the applicable stamp duty and registration fees, which are mandatory for legal property transactions. Buyers should be aware of the guideline value to avoid discrepancies during registration.

Frequently asked questions

What is the current guideline value of Kalaimathi Nagar 3rd Street?

The current guideline value of Kalaimathi Nagar 3rd Street is Rs 2,800 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has seen several changes, with the most recent increase of 12% from Rs 2,500 per sq.ft in 2023 to Rs 2,800 per sq.ft in 2024. Overall, from 2007 to 2024, the increase is 273%.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 28,00,000, the stamp duty would be Rs 1,96,000 and the registration fee would be Rs 56,000, totaling Rs 2,52,000.

Which Sub Registrar Office should I approach for property registration?

The Alandur Sub Registrar Office covers Kalaimathi Nagar 3rd Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How does the guideline value affect property transactions?

The guideline value is used to determine the minimum registration value of a property, which impacts the stamp duty and registration fees during the transaction. It ensures that the government receives the appropriate revenue from property sales.