Guideline Value for Kalaivani Nagar

Kalaivani Nagar guideline value

The current guideline value of Kalaivani Nagar is Rs 800 per sq.ft, effective from the 2024 revision. This area is located in Atanancheri village, under the Gooduvancheri SRO, and is classified as Residential Special Type - III.

How the guideline value of Kalaivani Nagar has changed

Since the 2007 revision, the guideline value for Kalaivani Nagar has seen significant changes. In 2007, the value was Rs 160 per sq.ft, which increased to Rs 800 per sq.ft in 2012, marking a substantial rise of 400%. However, the value remained unchanged at Rs 800 per sq.ft in both the 2012 and 2023 revisions. The 2017 revision saw an increase to Rs 536 per sq.ft, a 49% rise from the previous value, but again, the value returned to Rs 800 per sq.ft in 2023 and 2024, reflecting no change between these two years.

Notably, the register has no figures for the years 2002 and 2003 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 400%.

Guideline values in Atanancheri

In Atanancheri, there are 83 streets under the Gooduvancheri SRO that carry a guideline value for 2024, ranging from Rs 400 to Rs 2,500 per sq.ft, with a median value of Rs 700 per sq.ft. The guideline value of Kalaivani Nagar is above this median.

• Kamatchi Amman Nagar: Rs 800 per sq.ft (2024)
• Kannan Nagar: Rs 700 per sq.ft (2024)
• Kannappa Nagar: Rs 800 per sq.ft (2024)
• Jayam Nagar: Rs 700 per sq.ft (2024)
• Karumari Amman Nagar: Rs 500 per sq.ft (2024)
• I.T. Nagar (A) Aishwarya Nagar: Rs 700 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 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total costs to Rs 72,000. It is important to note that stamp duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kalaivani Nagar?

The Sub Registrar Office that covers Kalaivani Nagar is 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 Atanancheri

The guideline value is a critical factor during the registration of property transactions in Atanancheri. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency in property transactions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. These fees are based on the higher of the guideline value or the actual sale price, ensuring 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 800 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

Over the years, the guideline value has fluctuated significantly, with the most notable change being a rise from Rs 160 per sq.ft in 2007 to Rs 800 per sq.ft in 2012, and it has remained at Rs 800 per sq.ft since 2012, with no changes in 2023 and 2024.

What is the classification of land in Kalaivani Nagar?

Kalaivani Nagar is classified as Residential Special Type - III, indicating its suitability for residential development.

Where can I find the registration office for Kalaivani Nagar?

The registration office for Kalaivani Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is stamp duty calculated for property transactions 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 plot valued at Rs 8,00,000, the stamp duty would be Rs 56,000 at 7%, along with a registration fee of Rs 16,000 at 2%.