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 area is located in Vadakal_C village, under the Sriperumpudur SRO, and is classified as Residential Special Type - I.

How the guideline value of Kayathiri Nagar has changed

From the 2017 revision, the guideline value for Kayathiri Nagar was Rs 368 per sq.ft. This figure increased to Rs 550 per sq.ft in the 2023 revision, marking a significant change of 49%. The 2024 revision has maintained the guideline value at Rs 550 per sq.ft, showing no change from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 49%.

Guideline values in Vadakal_C

In Vadakal_C, there are 61 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 150 to Rs 1,500 per sq.ft. The median value is Rs 400 per sq.ft, placing Kayathiri Nagar's 2024 figure above this median.

• Kari Vinayagar Nagar: Rs 200 per sq.ft (2024)
• Kumaran nagar: Rs 550 per sq.ft (2024)
• Kalasethra Avenue: Rs 500 per sq.ft (2024)
• Kalaignar Nagar: Rs 200 per sq.ft (2024)
• Kaivalyam Nagar: Rs 550 per sq.ft (2024)
• Mahalakshmi Nagar: Rs 550 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, while the registration fee at 2% would be Rs 11,000, bringing the total cost to Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

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_C

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

When a property is registered, the guideline value is considered to ensure that the appropriate taxes are levied. This helps maintain transparency and standardization in property transactions within the region.

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 from 2023 to 2024. From 2017 to 2023, it increased by 49% from Rs 368 per sq.ft.

What is the land classification of Kayathiri Nagar?

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

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 5,50,000, the total fees would be Rs 49,500.

Which office handles property registrations in Kayathiri Nagar?

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