Guideline Value for Kalaizher Nagar 3rd Cross St.

Kalaizher Nagar 3rd Cross St. guideline value

The current guideline value of Kalaizher Nagar 3rd 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 3rd Cross St. has changed

The guideline value for Kalaizher Nagar 3rd Cross St. has undergone several revisions since 2007. In 2007, the value was Rs 200 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012, marking a rise of 900%. However, from 2012 to 2017, the value decreased by 33% to Rs 1,340 per sq.ft. The most recent revision in 2024 shows a substantial increase of 64%, bringing the guideline value to Rs 2,200 per sq.ft.

It is important to note that there are no figures recorded 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, with a median value of Rs 2,400 per sq.ft. The guideline value of Kalaizher Nagar 3rd Cross St. is below this median.

• Kalaizher Nagar 2nd 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 3rd 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 the duty is charged on the higher of the guideline value or the sale price.

You can calculate your own fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kalaizher Nagar 3rd Cross St.?

The Sub Registrar Office that covers Kalaizher Nagar 3rd 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 is an essential factor when buying or selling property in Thirumullaivoyal. It serves as a benchmark for determining the minimum value at which property transactions can be registered. This value is used to calculate the applicable stamp duty and registration fees, ensuring that both the buyer and seller are aware of the financial obligations involved in the transaction.

When a property is sold, the guideline value helps in assessing the legal documentation required for registration. It ensures that the property is registered at a value that reflects its worth according to the local government's valuation standards.

Frequently asked questions

What is the current guideline value of Kalaizher Nagar 3rd Cross St.?

The current guideline value of Kalaizher Nagar 3rd 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 is the land classification for Kalaizher Nagar 3rd Cross St.?

Kalaizher Nagar 3rd Cross St. is classified as Residential Class I Type - II, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Kalaizher Nagar 3rd Cross St. is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, a property valued at Rs 22,00,000 would incur a stamp duty of Rs 1,54,000 at the rate of 7%.