Guideline Value for SRI KALAIVANI NAGAR

Sri Kalaivani Nagar guideline value

The current guideline value of Sri Kalaivani Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This area is located in Kattavakkam village and falls under the Walajabad SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Sri Kalaivani Nagar has changed

The guideline value for Sri Kalaivani Nagar has remained consistent over the recent revisions. The 2023 revision also recorded a guideline value of Rs 400 per sq.ft, indicating no change from the previous year. The register has no figure for this street for the revisions in 2017, 2012, 2007, 2003, and 2002.

Thus, the most recent figures show that from 2023 to 2024, there was a change of +0%. The guideline value has stabilized at Rs 400 per sq.ft since the 2023 revision.

Guideline values in Kattavakkam

In Kattavakkam, there are 19 streets under the Walajabad SRO that carry a 2024 guideline value, ranging from Rs 300 to Rs 800 per sq.ft. The median value for these streets is Rs 400 per sq.ft, making the guideline value of Sri Kalaivani Nagar equal to this median.

• Sri Balaji Nagar: Rs 350 per sq.ft (2024)
• Shree Sai Nagar: Rs 300 per sq.ft (2024)
• Thirumalai Nagar: Rs 300 per sq.ft (2024)
• Unick Garden: Rs 400 per sq.ft (2024)
• Un Named Layout Survey No:377/2,1a1, 417/1,3: Rs 400 per sq.ft (2024)
• Un Named Layout Survey No:380/3,4, 392: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Kalaivani Nagar

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Kalaivani Nagar?

The Sub Registrar Office that covers Sri Kalaivani Nagar is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor when registering property transactions in Kattavakkam. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that these charges are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Sri Kalaivani Nagar?

The current guideline value of Sri Kalaivani Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft for both the 2023 and 2024 revisions, with no figures recorded for the revisions in 2017, 2012, 2007, 2003, and 2002.

What is the median guideline value in Kattavakkam?

The median guideline value in Kattavakkam for 2024 is Rs 400 per sq.ft, which is the same as the guideline value for Sri Kalaivani Nagar.

What are the stamp duty and registration fees for properties in Sri Kalaivani Nagar?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 36,000.

Where is the Sub Registrar Office for Sri Kalaivani Nagar located?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.