Guideline Value for Kalazagar Nagar Cholambedu

Kalazagar Nagar Cholambedu guideline value

The current guideline value of Kalazagar Nagar Cholambedu is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Thirumullaivoyal village and falls under the Ambattur SRO. The land classification for this street is Residential Class I Type - II.

How the guideline value of Kalazagar Nagar Cholambedu has changed

The guideline value for Kalazagar Nagar Cholambedu has undergone several revisions over the years. In the 2012 revision, the guideline value was set at Rs 2,000 per sq.ft. This figure decreased to Rs 1,340 per sq.ft in the 2017 revision, marking a decline of 33%. However, the 2024 revision saw a significant increase, bringing the value back up to Rs 2,200 per sq.ft, which represents a 64% increase from 2017.

Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by 10%. It is important to note that the register does not have figures for the years 2023, 2007, 2003, and 2002 for this street.

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 Kalazagar Nagar Cholambedu below this median.

• Kalamegam Street (Senthil Nagar): Rs 2,700 per sq.ft (2024)
• Kalaizher Nagar 3rd Cross St.: Rs 2,200 per sq.ft (2024)
• Kalaizher Nagar 2nd Cross St.: 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 Kalazagar Nagar Cholambedu

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, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. It is important to 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 further calculations.

Which Sub Registrar Office covers Kalazagar Nagar Cholambedu?

The Sub Registrar Office that covers Kalazagar Nagar Cholambedu 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 during the registration of property transactions in Thirumullaivoyal. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is used to calculate the necessary fees, ensuring that both buyers and sellers are aware of the financial obligations involved in the transaction. This process helps maintain transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Kalazagar Nagar Cholambedu?

The current guideline value of Kalazagar Nagar Cholambedu 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 from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, and then increased to Rs 2,200 per sq.ft in 2024.

What is the land classification for Kalazagar Nagar Cholambedu?

The land classification for Kalazagar Nagar Cholambedu is Residential Class I Type - II.

Where can I find the Sub Registrar Office for Kalazagar Nagar Cholambedu?

The Sub Registrar Office for Kalazagar Nagar Cholambedu 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 the stamp duty calculated for properties in Kalazagar Nagar Cholambedu?

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