Guideline Value for STALIN NAGAR

Stalin Nagar guideline value

The current guideline value of Stalin Nagar is Rs 2,000 per sq.ft, effective from 1 July 2024. This area is located in Moulivakkam village under the Kunrathur SRO, classified as Residential Special Type - II.

How the guideline value of Stalin Nagar has changed

The guideline value for Stalin Nagar has seen several revisions over the years. In the 2017 revision, the value was Rs 1,608 per sq.ft, which increased to Rs 1,800 per sq.ft in the 2023 revision, marking a change of 12%. The latest revision in 2024 has set the value at Rs 2,000 per sq.ft, reflecting an increase of 11% from the previous year. Overall, from 2017 to 2024, the guideline value has risen by 24%.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Moulivakkam

Moulivakkam village has 44 streets under the Kunrathur SRO, with 2024 guideline values ranging from Rs 2,000 to Rs 3,900 per sq.ft. The median value for these streets is Rs 2,450 per sq.ft, making the guideline value for Stalin Nagar below the median.

• Sri Sairam Avenue , Sathyanarayanapuram: Rs 2,450 per sq.ft (2024)
• Sulochana Nagar: Rs 2,450 per sq.ft (2024)
• Sri Ranga Nagar: Rs 2,450 per sq.ft (2024)
• Srinivasapuram: Rs 2,450 per sq.ft (2024)
• Taj Nagar: Rs 2,450 per sq.ft (2024)
• Sri Murugan Nagar: Rs 2,450 per sq.ft (2024)

Stamp duty and registration fee for property in Stalin Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,000 per sq.ft, the total guideline value would be Rs 20,00,000. The stamp duty at 7% would amount to Rs 1,40,000, and the registration fee at 2% would be Rs 40,000, totaling Rs 1,80,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Stalin Nagar?

The Sub Registrar Office that covers Stalin Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value is a crucial factor during property registration in Moulivakkam. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the transaction is officially recorded at a recognized value.

When buying or selling property, the guideline value helps in determining the legal obligations for taxes and fees, which are necessary for completing the registration process at the Kunrathur SRO.

Frequently asked questions

What is the current guideline value of Stalin Nagar?

The current guideline value of Stalin Nagar is Rs 2,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,608 per sq.ft in 2017 to Rs 2,000 per sq.ft in 2024, marking a total increase of 24% over this period.

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

For a property valued at Rs 20,00,000, the stamp duty would be Rs 1,40,000 and the registration fee would be Rs 40,000, totaling Rs 1,80,000.

Which office handles property registrations in Stalin Nagar?

The Kunrathur Sub Registrar Office handles property registrations for Stalin Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions, ensuring that the sale is recorded at an official value recognized by the authorities.