Guideline Value for Kalam Nagar

Kalam Nagar guideline value

The current guideline value of Kalam Nagar, located in Devathur village under the Madurandakam SRO, is Rs 120 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Kalam Nagar has changed

Over the years, the guideline value for Kalam Nagar has seen several revisions. The earliest recorded figure is from 2007, where the value was Rs 25 per sq.ft. This increased significantly to Rs 120 per sq.ft in 2012, then dropped to Rs 80 per sq.ft in 2017. The 2023 revision maintained the value at Rs 120 per sq.ft, and the latest 2024 revision also holds it at Rs 120 per sq.ft, indicating no change between 2023 and 2024.

From 2007 to 2024, the overall increase in guideline value is 380%. The changes between the revisions include a 50% increase from 2017 to 2023, a 33% decrease from 2012 to 2017, and a substantial 380% increase from 2007 to 2012. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Devathur

In Devathur, four streets under the Madurandakam SRO have a 2024 guideline value ranging from Rs 101 to Rs 200 per sq.ft, with a median of Rs 116 per sq.ft. The guideline value for Kalam Nagar is above this median.

• Gova City: Rs 200 per sq.ft (2024)
• Sai Vishnu Garden: Rs 111 per sq.ft (2024)
• Sri Sai Ganesh Garden: Rs 101 per sq.ft (2024)

Stamp duty and registration fee for property in Kalam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 120 per sq.ft, the total guideline value would be Rs 1,20,000. The stamp duty at 7% would amount to Rs 8,400, and the registration fee at 2% would be Rs 2,400, bringing the total to Rs 10,800. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Kalam Nagar?

The Sub Registrar Office that covers Kalam Nagar is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process for property transactions in Devathur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately with the authorities. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Kalam Nagar?

The current guideline value of Kalam Nagar is Rs 120 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 25 per sq.ft in 2007 to Rs 120 per sq.ft in 2012, then decreased to Rs 80 per sq.ft in 2017, and remained at Rs 120 per sq.ft in 2023 and 2024.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 1,20,000. The stamp duty would be Rs 8,400, and the registration fee would be Rs 2,400, totaling Rs 10,800.

Which office should I visit for property registration in Kalam Nagar?

The Madurandakam Sub Registrar Office handles property registrations for Kalam Nagar. It is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

What is the land classification for Kalam Nagar?

The land classification for Kalam Nagar is Residential Special Type - I, which indicates the intended use of the land for residential purposes.