Guideline Value for Kalpaga Nagar Annexe

Kalpaga Nagar Annexe guideline value

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

How the guideline value of Kalpaga Nagar Annexe has changed

The guideline value register for Kalpaga Nagar Annexe does not have figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision is from 2024, which sets the guideline value at Rs 2,200 per sq.ft.

As there are no figures available for the previous years, it is not possible to discuss any changes between the revisions. The current value stands alone as the only figure recorded in the register for this street.

Guideline values in Vijayanallur

In Vijayanallur, there are 19 streets under the Redhills SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value in this area is Rs 540 per sq.ft, placing Kalpaga Nagar Annexe's 2024 figure above that median.

• Kalikambal Nagar: Rs 440 per sq.ft (2024)
• Jayalakshmi Nagar: Rs 550 per sq.ft (2024)
• Gnt Road: Rs 2,200 per sq.ft (2024)
• Mamannar Maruthupandiar Nagar: Rs 440 per sq.ft (2024)
• Maruthupandiar Nagar: Rs 550 per sq.ft (2024)
• Baby Enclave: Rs 540 per sq.ft (2024)

Stamp duty and registration fee for property in Kalpaga Nagar Annexe

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, making the total fees together Rs 1,98,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kalpaga Nagar Annexe?

The Sub Registrar Office that covers Kalpaga Nagar Annexe is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vijayanallur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property transaction occurs, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Kalpaga Nagar Annexe?

The current guideline value of Kalpaga Nagar Annexe is Rs 2,200 per sq.ft, effective from 1 July 2024.

What is the land classification for Kalpaga Nagar Annexe?

Kalpaga Nagar Annexe is classified as Residential Class I Type - I according to the land classification standards.

Are there any previous guideline values for Kalpaga Nagar Annexe?

The guideline value register does not have figures for the years 2002, 2003, 2007, 2012, 2017, and 2023 for Kalpaga Nagar Annexe.

How is stamp duty calculated for property in Kalpaga Nagar Annexe?

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

Where can I find the Sub Registrar Office for Kalpaga Nagar Annexe?

The Sub Registrar Office for Kalpaga Nagar Annexe is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.