Guideline Value for Kundrakudi Adigalar Nagar (Nilamangai Nagar)

Kundrakudi Adigalar Nagar (Nilamangai Nagar) guideline value

The current guideline value of Kundrakudi Adigalar Nagar (Nilamangai Nagar) is Rs 3,900 per sq.ft, effective from 1 July 2024. This area is located in Adambakkam village under the Alandur SRO and is classified as Residential Class I Type - III.

How the guideline value of Kundrakudi Adigalar Nagar (Nilamangai Nagar) has changed

The guideline value for Kundrakudi Adigalar Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 3,500 per sq.ft, which was then reduced to Rs 2,345 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 3,500 per sq.ft, and the latest 2024 revision has further increased it to Rs 3,900 per sq.ft.

In terms of percentage changes, there was a decrease of 33% from 2012 to 2017. However, from 2017 to 2023, there was a significant increase of 49%. The overall change from 2012 to 2024 shows an increase of 11% in the guideline value.

Guideline values in Adambakkam

In Adambakkam, there are 569 streets under the Alandur SRO with a 2024 guideline value ranging from Rs 2,800 to Rs 11,000 per sq.ft. The median value is Rs 3,900 per sq.ft, which is the same as the current value for Kundrakudi Adigalar Nagar.

• Kundrakudi Adigalar Main Road (Nilamangai Nagar): Rs 3,900 per sq.ft (2024)
• Kundrakudi Nagar (Neruppu Medai) (Indira Gandhi School way): Rs 4,400 per sq.ft (2024)
• Kundrakudi Adigalar Lane (Nilamangai Nagar): Rs 3,900 per sq.ft (2024)
• Kundrakudi Nagar (Nilamangai Nagar): Rs 3,900 per sq.ft (2024)
• Kumarapuram 3rd Street (Nilamangai Nagar): Rs 3,900 per sq.ft (2024)
• Kumarapuram 2nd Street (Nilamangai Nagar): Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Kundrakudi Adigalar Nagar (Nilamangai Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value would be Rs 39,00,000. The stamp duty at 7% would amount to Rs 2,73,000, while the registration fee at 2% would be Rs 78,000. Together, the total cost for these fees would be Rs 3,51,000. 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 accurate calculations based on your specific property details.

Which Sub Registrar Office covers Kundrakudi Adigalar Nagar (Nilamangai Nagar)?

The Sub Registrar Office that covers Kundrakudi Adigalar Nagar (Nilamangai Nagar) is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. For more information, you can find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Adambakkam. It serves as a benchmark for determining the minimum value of a property for registration purposes, ensuring that transactions are recorded at fair values. Buyers and sellers must be aware of the guideline value to avoid discrepancies during property transactions.

When a property is sold, the registration office uses the guideline value to calculate the applicable stamp duty and registration fees. This ensures that the government receives the correct revenue from property transactions, based on the established guideline values in the area.

Frequently asked questions

What is the current guideline value of Kundrakudi Adigalar Nagar?

The current guideline value of Kundrakudi Adigalar Nagar (Nilamangai Nagar) is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,500 per sq.ft in 2023 to Rs 3,900 per sq.ft in 2024. It was Rs 2,345 per sq.ft in 2017 and Rs 3,500 per sq.ft in 2012.

What is the land classification for Kundrakudi Adigalar Nagar?

Kundrakudi Adigalar Nagar (Nilamangai Nagar) is classified as Residential Class I Type - III.

Which office handles registrations for properties in Kundrakudi Adigalar Nagar?

The Alandur Sub Registrar Office handles registrations for properties in Kundrakudi Adigalar Nagar, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 39,00,000, the stamp duty at 7% would be Rs 2,73,000.