Guideline Value for Kallazhagar city

Kallazhagar city guideline value

The current guideline value for Kallazhagar city is Rs 250 per sq.ft, effective from 1 July 2024. This value applies to Maakaanyam village under the Sriperumpudur SRO, classified as New House Site Type -II (Unapproved Lay-Out).

How the guideline value of Kallazhagar city has changed

The guideline value for Kallazhagar city has seen several revisions over the years. The earliest recorded revision is from 2012, where the value was Rs 250 per sq.ft. In 2017, this value decreased to Rs 167 per sq.ft, marking a decline of 33%. However, in the subsequent revisions, the value increased to Rs 250 per sq.ft in 2023, and it remained unchanged at Rs 250 per sq.ft in the 2024 revision.

From 2017 to 2023, there was a significant increase of 50%, bringing the value back to Rs 250 per sq.ft. Notably, the revisions for the years 2002, 2003, and 2007 do not have any figures recorded for this street.

Guideline values in Maakaanyam

In Maakaanyam village, there are 41 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 600 per sq.ft. The median value is Rs 250 per sq.ft, which is equal to the current guideline value for Kallazhagar city.

• Kalyana Perumal Nagar: Rs 600 per sq.ft (2024)
• Kalyana Perumal Nagar‍‍ I: Rs 400 per sq.ft (2024)
• Kalayana Perumal Nagar Extension: Rs 400 per sq.ft (2024)
• Harshitha Avenue: Rs 150 per sq.ft (2024)
• Gubera Nagar(SF No.67/2): Rs 300 per sq.ft (2024)
• Kupera Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Kallazhagar city

For a 1,000 sq.ft plot at the current rate of Rs 250 per sq.ft, the guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, totaling Rs 22,500. 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 details.

Which Sub Registrar Office covers Kallazhagar city?

The Kallazhagar city area falls under the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Maakaanyam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction. Buyers and sellers should be aware that the guideline value is used to calculate these fees, ensuring compliance with local regulations.

When purchasing property, it is essential to consider the guideline value as it reflects the official valuation of the land. This value helps in establishing a fair transaction process, ensuring that both parties are aware of the financial obligations involved in the sale or purchase of property in the area.

Frequently asked questions

What is the current guideline value of Kallazhagar city?

The current guideline value of Kallazhagar city is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2012 to Rs 167 per sq.ft in 2017, then increased to Rs 250 per sq.ft in 2023, and remained the same in 2024.

What is the land classification for Kallazhagar city?

The land classification for Kallazhagar city is New House Site Type -II (Unapproved Lay-Out).

Where is the Sriperumpudur Sub Registrar Office located?

The Sriperumpudur Sub Registrar Office is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for property in Kallazhagar city?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500.