Guideline Value for NALINI KRISHNAN NAGAR

Nalini Krishnan Nagar guideline value

The current guideline value of Nalini Krishnan Nagar is Rs 100 per sq.ft, effective from 1 July 2024. This area is located in Kalpakkam village, under the Ponneri SRO, and is classified as Residential Class II Type - I.

How the guideline value of Nalini Krishnan Nagar has changed

In the 2012 revision, the guideline value was set at Rs 100 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 67 per sq.ft, marking a drop of 33%. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 100 per sq.ft. The 2023 revision maintained this value, and the 2024 revision also confirmed the guideline value at Rs 100 per sq.ft, showing no change.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained at Rs 100 per sq.ft.

Guideline values in Kalpakkam

In Kalpakkam, there are 21 streets under the Ponneri SRO that carry a 2024 guideline value, all set at Rs 100 per sq.ft, with the median also being Rs 100 per sq.ft. The guideline value for Nalini Krishnan Nagar is equal to this median.

• Nagammal Nagar: Rs 100 per sq.ft (2024)
• Muthu Nagar: Rs 100 per sq.ft (2024)
• M K M Nagar: Rs 100 per sq.ft (2024)
• Nithyas Garden: Rs 100 per sq.ft (2024)
• Leelavathy Nagar: Rs 100 per sq.ft (2024)
• Lakshmi Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Nalini Krishnan Nagar

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the guideline value would be Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, totaling Rs 9,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Nalini Krishnan Nagar?

The Sub Registrar Office that covers Nalini Krishnan Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for additional details.

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

The guideline value is crucial during the registration of property transactions in Kalpakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When you register a property, the guideline value is assessed, and the stamp duty is charged based on this 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 Nalini Krishnan Nagar?

The current guideline value of Nalini Krishnan Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen a decrease from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, followed by an increase back to Rs 100 per sq.ft in 2023 and remaining the same in 2024.

What is the land classification for Nalini Krishnan Nagar?

Nalini Krishnan Nagar is classified as Residential Class II Type - I, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for Nalini Krishnan Nagar?

The Sub Registrar Office for Nalini Krishnan Nagar is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is the stamp duty calculated for properties in Nalini Krishnan Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 1,00,000, the stamp duty would be Rs 7,000 at 7%, and the registration fee would be Rs 2,000 at 2%.