Guideline Value for Kalaizher Nagar 2nd Cross St.

Kalaizher Nagar 2nd Cross St. guideline value

The current guideline value for Kalaizher Nagar 2nd Cross St. is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village under the Ambattur SRO, classified as Residential Class I Type - II.

How the guideline value of Kalaizher Nagar 2nd Cross St. has changed

Since the 2007 revision, the guideline value has seen significant changes. In 2007, the value was Rs 200 per sq.ft, which increased dramatically to Rs 2,000 per sq.ft by 2012, marking a rise of 900%. However, the value decreased to Rs 1,340 per sq.ft in 2017, a drop of 33%. The most recent revision in 2024 has set the value at Rs 2,200 per sq.ft, reflecting a 64% increase from the 2017 figure.

It is important to note that the register has no figures for the years 2023, 2003, and 2002 for this street. Overall, from 2007 to 2024, the guideline value has increased by 1000%.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 2,400 per sq.ft, placing the 2024 figure for Kalaizher Nagar 2nd Cross St. below that median.

• Kalaizher Nagar 3rd Cross St.: Rs 2,200 per sq.ft (2024)
• Kalamegam Street (Senthil Nagar): Rs 2,700 per sq.ft (2024)
• Kalazagar Nagar Cholambedu: Rs 2,200 per sq.ft (2024)
• Kamalammal Avenue: Rs 1,900 per sq.ft (2024)
• Kamalammal Nagar: Rs 1,900 per sq.ft (2024)
• Kamalam Nagar: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Kalaizher Nagar 2nd Cross St.

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, while the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. 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 Kalaizher Nagar 2nd Cross St.?

The Sub Registrar Office that covers Kalaizher Nagar 2nd Cross St. 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 information.

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

The guideline value plays a crucial role when buying or selling property in Thirumullaivoyal. It is used to determine the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, the guideline value ensures that the transaction is documented at a fair value, reflecting the current market conditions as set by the Registration Department.

Frequently asked questions

What is the current guideline value of Kalaizher Nagar 2nd Cross St.?

The current guideline value of Kalaizher Nagar 2nd Cross St. 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 significantly from Rs 200 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 1000% over the years.

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

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,98,000.

Which office handles registrations for Kalaizher Nagar 2nd Cross St.?

The Ambattur Sub Registrar Office handles registrations for Kalaizher Nagar 2nd Cross St., located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the land classification for Kalaizher Nagar 2nd Cross St.?

Kalaizher Nagar 2nd Cross St. is classified as Residential Class I Type - II, indicating its designation for residential use.