Guideline Value for Kalki Nagar

Kalki Nagar guideline value

The current guideline value of Kalki Nagar is Rs 550 per sq.ft, effective from 1 July 2024. This locality is situated in Naduveerapattu village, under the Padappai Sub Registrar Office (SRO). The land classification for this area is Residential Class I Type - I.

How the guideline value of Kalki Nagar has changed

The guideline value for Kalki Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which then decreased to Rs 335 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 500 per sq.ft, and the most recent 2024 revision raised it further to Rs 550 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Naduveerapattu

Naduveerapattu village has a total of 96 streets under the Padappai SRO, with guideline values ranging from Rs 330 to Rs 2,500 per sq.ft as per the 2024 revision. The median guideline value for these streets is Rs 660 per sq.ft, placing the 2024 figure for Kalki Nagar below this median.

• Kamatchi Nagar: Rs 2,010 per sq.ft (2024)
• Kannagi Street: Rs 550 per sq.ft (2024)
• Jayalakshmi Nagar: Rs 660 per sq.ft (2024)
• Jagan Nagar: Rs 770 per sq.ft (2024)
• Indira Nagar: Rs 1,650 per sq.ft (2024)
• Indigo Nagar: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Kalki Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, totaling Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kalki Nagar?

The Sub Registrar Office that covers Kalki Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor during the registration of property transactions in Naduveerapattu. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling a property, the guideline value helps in calculating the applicable stamp duty and registration fees, which are based on the higher of the guideline value or the sale price. This ensures transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Kalki Nagar?

The current guideline value of Kalki Nagar is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

What is the land classification of Kalki Nagar?

Kalki Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Kalki Nagar?

The Sub Registrar Office for Kalki Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is the stamp duty calculated for properties in Kalki Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property with a guideline value of Rs 5,50,000 would incur a stamp duty of Rs 38,500 at 7%.