Guideline Value for KALAM AVENUE

Kalam Avenue guideline value

The current guideline value of Kalam Avenue is Rs 1,500 per sq.ft, according to the 2023 revision. This street is located in Nalambakkam village and falls under the Gooduvancheri SRO. The land classification for this area is Mixed Type - II.

How the guideline value of Kalam Avenue has changed

In the 2017 revision, the guideline value was Rs 1,005 per sq.ft. This figure was updated to Rs 1,500 per sq.ft in the 2023 revision, marking an increase of 49%. The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2024 for this street.

The significant jump from Rs 1,005 to Rs 1,500 per sq.ft between 2017 and 2023 reflects a notable change in the guideline value. As there are no figures available for the other revisions, the only registered changes are from 2017 to 2023.

Guideline values in Nalambakkam

No specific village figures are provided for Nalambakkam. Currently, Kalam Avenue is the only street mentioned under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Kalam Avenue

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, while the registration fee at 2% would be Rs 30,000. Together, the total cost would be Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kalam Avenue?

The Gooduvancheri Sub Registrar Office covers Kalam Avenue. The office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Nalambakkam. It helps determine the stamp duty and registration fees that must be paid, ensuring that the transaction is recorded accurately in the official records.

When buying or selling property, the guideline value serves as a benchmark for the transaction price. Buyers should be aware that the stamp duty is calculated based on the higher value between the guideline and the sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Kalam Avenue?

The current guideline value of Kalam Avenue is Rs 1,500 per sq.ft as per the 2023 revision.

How much has the guideline value changed over the years?

The guideline value increased from Rs 1,005 per sq.ft in 2017 to Rs 1,500 per sq.ft in 2023, which is a rise of 49%. There are no figures available for the revisions in 2002, 2003, 2007, 2012, and 2024.

What are the stamp duty and registration fees for property in Kalam Avenue?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 1,35,000, which includes Rs 1,05,000 for stamp duty and Rs 30,000 for registration fees.

Which office manages the registration for Kalam Avenue?

The Gooduvancheri Sub Registrar Office manages the registration for Kalam Avenue, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is the guideline value relevant to property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It ensures that the transaction is officially recorded and that the appropriate fees are paid based on the higher value between the guideline and the sale price.