Guideline Value for Kayathiri Nagar

Kayathiri Nagar guideline value

The current guideline value of Kayathiri Nagar is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Vadakal village and falls under the Sriperumpudur SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Kayathiri Nagar has changed

In the 2012 revision, the guideline value was set at Rs 550 per sq.ft. This remained unchanged until the 2017 revision, where it dropped to Rs 368 per sq.ft, marking a decrease of 33%. However, from 2017 to the 2023 revision, the value increased significantly by 49%, bringing it back to Rs 550 per sq.ft. The 2023 revision maintained this value through to the 2024 revision, showing no change of 0%.

The register has no figures for the years 2002, 2003, and 2007 for Kayathiri Nagar. Therefore, the only revisions available are from 2012, 2017, 2023, and 2024, with the current value being Rs 550 per sq.ft since 2012.

Guideline values in Vadakal

In Vadakal, there are 31 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 800 per sq.ft, with a median value of Rs 300 per sq.ft. The guideline value of Kayathiri Nagar is above this median.

• Kari Vinayagar Nagar: Rs 200 per sq.ft (2024)
• Kalaignar Nagar: Rs 200 per sq.ft (2024)
• Kaivalyam Nagar: Rs 500 per sq.ft (2024)
• Jemi Garden Phase III: Rs 400 per sq.ft (2024)
• Iswaryam Nagar: Rs 800 per sq.ft (2024)
• Mariyamman Koil Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Kayathiri Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 5,50,000, the stamp duty would be Rs 38,500 at 7%, and the registration fee would be Rs 11,000 at 2%. Together, these fees amount to Rs 49,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kayathiri Nagar?

The Sub Registrar Office that covers Kayathiri Nagar is 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 Vadakal

The guideline value is a crucial factor in property transactions in Vadakal, as it determines the minimum value at which a property can be registered. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations during the registration process.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kayathiri Nagar?

The current guideline value of Kayathiri 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 remained at Rs 550 per sq.ft since the 2012 revision, with a drop to Rs 368 per sq.ft in 2017 before returning to Rs 550 per sq.ft in 2023. There are no figures available for the years 2002, 2003, and 2007.

What is the land classification of Kayathiri Nagar?

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

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

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 49,500.

Which Sub Registrar Office covers Kayathiri Nagar?

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