Guideline Value for Kalaivanar Nagar

Kalaivanar Nagar guideline value

The current guideline value of Kalaivanar Nagar is Rs 990 per sq.ft, effective from 1 July 2024. This area is located in Mannivakkam village and falls under the Gooduvancheri SRO, classified as Residential Special Type - II.

How the guideline value of Kalaivanar Nagar has changed

The guideline value of Kalaivanar Nagar has undergone several revisions over the years. The earliest recorded revision was in 2007, where the guideline value was Rs 253 per sq.ft. This figure increased significantly to Rs 900 per sq.ft in 2012, marking a 256% rise. However, it saw a decline to Rs 603 per sq.ft in 2017, a decrease of 33%. The value then rose sharply to Rs 900 per sq.ft in 2023, and further increased to the current value of Rs 990 per sq.ft in 2024, reflecting a 10% increase.

There are no recorded figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 291%.

Guideline values in Mannivakkam

In Mannivakkam, there are 118 streets under the Gooduvancheri SRO that have a 2024 guideline value ranging from Rs 330 to Rs 4,300 per sq.ft, with a median value of Rs 1,215 per sq.ft. The guideline value of Kalaivanar Nagar is below this median.

• Kalaiyarasi Garden: Rs 990 per sq.ft (2024)
• Kalaignar Street: Rs 1,320 per sq.ft (2024)
• Kalyani garden: Rs 990 per sq.ft (2024)
• Jothiram Avenue: Rs 990 per sq.ft (2024)
• Kanimozhi Aravindan Nagar: Rs 1,320 per sq.ft (2024)
• Jeyam Avenue: Rs 990 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, the total guideline value is Rs 9,90,000. The stamp duty at 7% amounts to Rs 69,300, and the registration fee at 2% is Rs 19,800, totaling Rs 89,100. It is important to note that 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 more details.

Which Sub Registrar Office covers Kalaivanar Nagar?

Kalaivanar Nagar is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Mannivakkam. It determines the amount of stamp duty and registration fees payable during the sale or purchase of property. Buyers and sellers should be aware that the guideline value may differ from the actual sale price, and the higher of the two will be used to calculate the applicable duties.

Understanding the guideline value helps ensure compliance with legal requirements during property transactions. It also aids in estimating the overall costs involved in buying or selling property in the area.

Frequently asked questions

What is the current guideline value of Kalaivanar Nagar?

The current guideline value of Kalaivanar Nagar is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 253 per sq.ft in 2007 to Rs 990 per sq.ft in 2024, reflecting an overall increase of 291% over the years.

What are the stamp duty and registration fees for property in Kalaivanar Nagar?

For a 1,000 sq.ft plot, the total guideline value is Rs 9,90,000, with stamp duty at Rs 69,300 and registration fees at Rs 19,800, totaling Rs 89,100.

Which Sub Registrar Office covers this area?

The Gooduvancheri Sub Registrar Office covers Kalaivanar Nagar, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees payable during property transactions. It is essential to consider that the higher of the guideline value or the sale price will be used for calculating these charges.