Guideline Value for Kistammal Nagar

Kistammal Nagar guideline value

The current guideline value of Kistammal Nagar is Rs 440 per sq.ft, effective from 1 July 2024. This locality is situated in Pullilyon village under the Redhills SRO, classified as Residential Class III Type - I.

How the guideline value of Kistammal Nagar has changed

The guideline value for Kistammal Nagar has undergone several revisions over the years. In 2003, the guideline value was set at Rs 26 per sq.ft, which increased significantly to Rs 200 per sq.ft in 2007. The value then doubled to Rs 400 per sq.ft in 2012, before decreasing to Rs 268 per sq.ft in 2017. Following this, the value rose sharply to Rs 400 per sq.ft in 2023, and currently stands at Rs 440 per sq.ft as of the 2024 revision, marking a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 1592%. It's important to note that there is no figure available for Kistammal Nagar in the 2002 revision.

Guideline values in Pullilyon

In Pullilyon village, there are 77 streets under the Redhills SRO with a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median value for these streets is Rs 700 per sq.ft, placing Kistammal Nagar's 2024 figure below this median.

• Kamatchi Amman Nagar: Rs 440 per sq.ft (2024)
• Madhavaram-Redhills Salai: Rs 770 per sq.ft (2024)
• Mahalakshmi Nagar: Rs 440 per sq.ft (2024)
• Manikandan Nagar: Rs 440 per sq.ft (2024)
• Jaya Nagar: Rs 770 per sq.ft (2024)
• Jawahar Nagar: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Kistammal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, totaling Rs 39,600. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Kistammal Nagar?

Kistammal Nagar falls under the jurisdiction of 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 Pullilyon

The guideline value is a crucial factor in the registration process when buying or selling property in Pullilyon. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

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

Frequently asked questions

What is the current guideline value of Kistammal Nagar?

The current guideline value of Kistammal Nagar is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, starting from Rs 26 per sq.ft in 2003 to the current Rs 440 per sq.ft in 2024, reflecting an overall increase of 1592%.

What is the median guideline value in Pullilyon?

The median guideline value in Pullilyon is Rs 700 per sq.ft, while Kistammal Nagar's current value is below this median at Rs 440 per sq.ft.

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

For a property valued at Rs 4,40,000, the stamp duty would be Rs 30,800, and the registration fee would be Rs 8,800, totaling Rs 39,600.

Where is the Sub Registrar Office for Kistammal Nagar located?

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