Guideline Value for Kalaivani Nagar

Kalaivani Nagar guideline value

The current guideline value of Kalaivani Nagar is Rs 1,300 per sq.ft, effective from 1 July 2024. This area is located in Soorapattu village under the Ambattur SRO and is classified as Residential Class II Type - I.

How the guideline value of Kalaivani Nagar has changed

Looking back at the revisions, the guideline value for Kalaivani Nagar was Rs 1,200 per sq.ft in 2023, which reflects an increase of 8% to the current value of Rs 1,300 per sq.ft in 2024. Prior to that, in 2017, the guideline value was Rs 804 per sq.ft, showing a significant increase of 49% over the six years until 2023. The register has no figures for the years 2002, 2003, and 2007.

In 2012, the guideline value was Rs 1,200 per sq.ft, which decreased by 33% to Rs 804 per sq.ft in 2017. Overall, from 2012 to 2024, the guideline value has increased by 8% from Rs 1,200 per sq.ft to Rs 1,300 per sq.ft.

Guideline values in Soorapattu

In Soorapattu, there are 115 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 5,100 per sq.ft, with the median being Rs 1,300 per sq.ft. The guideline value for Kalaivani Nagar aligns with this median.

• Kalaigner Karunanithi Street: Rs 1,100 per sq.ft (2024)
• Kamalammal Layout: Rs 1,900 per sq.ft (2024)
• Kamarajar Street: Rs 1,100 per sq.ft (2024)
• J.P. Nagar Main Street: Rs 2,200 per sq.ft (2024)
• J.P.Nagar Extention: Rs 1,900 per sq.ft (2024)
• J.P. Nagar Cross Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Kalaivani Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, leading to a total of Rs 1,17,000. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Kalaivani Nagar?

The Sub Registrar Office that covers Kalaivani Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is an important factor in the registration process when buying or selling property in Soorapattu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kalaivani Nagar?

The current guideline value of Kalaivani Nagar is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent increase from Rs 1,200 per sq.ft in 2023 to Rs 1,300 per sq.ft in 2024. Overall, from 2012 to 2024, there has been an increase of 8% in the guideline value.

What is the land classification of Kalaivani Nagar?

Kalaivani Nagar is classified as Residential Class II Type - I. This classification is important for determining the appropriate uses and regulations for the area.

Where can I find the Sub Registrar Office for Kalaivani Nagar?

The Sub Registrar Office covering Kalaivani Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is stamp duty calculated for properties in Kalaivani Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 91,000 at a rate of 7%.