Guideline Value for Kalaivanar Nagar

Kalaivanar Nagar guideline value

The current guideline value of Kalaivanar Nagar is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in 5. Athipattu village under the Konnur SRO and is classified as Residential Class I Type - II.

How the guideline value of Kalaivanar Nagar has changed

The guideline value for Kalaivanar Nagar has seen significant changes over the years. The 2017 revision set the value at Rs 1,340 per sq.ft, which increased to Rs 2,000 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 brought the value to Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in 5. Athipattu

In 5. Athipattu, there are 119 streets under the Konnur SRO with guideline values ranging from Rs 1,100 to Rs 7,650 per sq.ft. The median value is Rs 2,200 per sq.ft, which is equal to the current guideline value of Kalaivanar Nagar. Below are the guideline values for other streets in 5. Athipattu:

• Kalayanasundaram Street: Rs 2,200 per sq.ft (2024)
• Kalidasan Street(Chelliamman nagar): Rs 2,200 per sq.ft (2024)
• Kalyani Industrial Estate: Rs 3,601 per sq.ft (2024)
• J R Castle Town Phase -II: Rs 1,400 per sq.ft (2024)
• J R Castle Town: Rs 1,400 per sq.ft (2024)
• Jeswanth Nagar: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Kalaivanar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total charges to Rs 1,98,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kalaivanar Nagar?

The Konnur Sub Registrar Office covers Kalaivanar Nagar. The office is located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 5. Athipattu

The guideline value is a crucial factor during the registration of property transactions in 5. Athipattu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is taken into account to ensure that the appropriate taxes are levied. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kalaivanar Nagar?

The current guideline value of Kalaivanar Nagar is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, representing a total increase of 64% over the years.

What are the other streets with guideline values in 5. Athipattu?

Other streets in 5. Athipattu include Kalayanasundaram Street and Kalidasan Street, both valued at Rs 2,200 per sq.ft in 2024, among others.

What is the registration fee for property in Kalaivanar Nagar?

The registration fee is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 22,00,000 would incur a registration fee of Rs 44,000 at 2%.

Where is the Konnur Sub Registrar Office located?

The Konnur Sub Registrar Office is located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.