Guideline Value for SRI KALIGAMBAL NAGAR

Sri Kaligambal Nagar guideline value

The current guideline value of Sri Kaligambal Nagar is Rs 1,000 per sq.ft, as per the 2023 revision. This area falls under Kolathoor village and is governed by the Thiruporur SRO. The land classification for this locality is Mixed Type - II.

How the guideline value of Sri Kaligambal Nagar has changed

Over the years, the guideline value of Sri Kaligambal Nagar has seen various revisions. The 2012 revision set the value at Rs 1,000 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 670 per sq.ft. However, the most recent revision in 2023 brought the guideline value back up to Rs 1,000 per sq.ft, marking a 49% increase from the 2017 figure.

When looking at the changes over the years, from 2012 to 2017, there was a decrease of 33%. Overall, from 2012 to 2023, the guideline value has remained the same at Rs 1,000 per sq.ft. The register has no figures for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Kolathoor

Currently, there are no specific guideline values provided for other areas within Kolathoor. Sri Kaligambal Nagar is the only street mentioned in the available records under the Thiruporur SRO.

Stamp duty and registration fee for property in Sri Kaligambal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, making the total cost for these fees Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Kaligambal Nagar?

The Sub Registrar Office that covers Sri Kaligambal Nagar is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Kolathoor. It is used to calculate the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is sold, the buyer must pay the stamp duty based on the guideline 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 Sri Kaligambal Nagar?

The current guideline value of Sri Kaligambal Nagar is Rs 1,000 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent revision in 2023 bringing it back to Rs 1,000 per sq.ft, after a drop to Rs 670 per sq.ft in 2017.

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

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, the total fees would amount to Rs 90,000.

Which office handles registrations for Sri Kaligambal Nagar?

The Thiruporur Sub Registrar Office handles registrations for Sri Kaligambal Nagar, located at No.29, South Mada Street, Thiruporur-603110.

Are there any other streets in Kolathoor with guideline values?

No specific guideline values for other streets in Kolathoor have been provided in the available records.