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_B village, under the Sriperumpudur SRO, and is classified as Residential Special Type - I.

How the guideline value of Kayathiri Nagar has changed

In the 2017 revision, the guideline value was Rs 368 per sq.ft. This figure remained unchanged in the 2023 revision, where it was also Rs 550 per sq.ft. The current 2024 revision has maintained this value at Rs 550 per sq.ft, resulting in a 49% increase from the 2017 figure to the 2024 figure.

There are no recorded figures for Kayathiri Nagar in the revisions of 2002, 2003, 2007, and 2012. Thus, the guideline value has seen a consistent figure from 2023 to 2024, showing no change during that period.

Guideline values in Vadakal_B

In Vadakal_B, there are 34 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 1,900 per sq.ft. The median guideline value for these streets is Rs 300 per sq.ft, placing Kayathiri Nagar's 2024 figure above that 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 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, bringing the total to Rs 49,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

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 details.

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

The guideline value is a critical factor in the registration process when buying or selling property in Vadakal_B. It determines the minimum value at which a property can be registered, ensuring that the transaction reflects a fair value as per the government norms.

When registering a property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial implications of the transaction based on the established guideline values.

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?

Since the 2017 revision, the guideline value has increased by 49% to Rs 550 per sq.ft in both the 2023 and 2024 revisions. There were no figures available for the years 2002, 2003, 2007, and 2012.

What is the land classification of Kayathiri Nagar?

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

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

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

Which office handles the registration for Kayathiri Nagar?

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