Guideline Value for KALIUR SRINIVASA CHARI ROAD

Kaliur Srinivasa Chari Road guideline value

The current guideline value of Kaliur Srinivasa Chari Road is Rs 5,500 per sq.ft, effective from 1 July 2024. This road is located in Tnagar village, under the Thiyagaraya nagar SRO, and is classified as Residential Class III Type - II.

How the guideline value of Kaliur Srinivasa Chari Road has changed

Over the years, the guideline value of Kaliur Srinivasa Chari Road has seen significant changes. In the 2007 revision, the value was Rs 2,000 per sq.ft, which increased to Rs 5,000 per sq.ft in 2012. However, it dropped to Rs 3,350 per sq.ft in 2017. The most recent revisions show a rise to Rs 5,000 per sq.ft in 2023 and further to Rs 5,500 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2017 to 2023, there was a substantial increase of 49%. The 2012 to 2017 period saw a decrease of 33%, while the 2007 to 2012 period experienced a significant increase of 150%. Overall, from 2007 to 2024, the guideline value has risen by 175%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Tnagar

The guideline values for properties in Tnagar show a range from Rs 4,400 to Rs 27,500 per sq.ft, with a median value of Rs 11,000 per sq.ft. The guideline value of Kaliur Srinivasa Chari Road at Rs 5,500 per sq.ft is below this median.

• Kamalabai Street: Rs 8,300 per sq.ft (2024)
• Kamaraj Colony: Rs 5,500 per sq.ft (2024)
• Kannadasan Street / Kannadasan Road: Rs 17,600 per sq.ft (2024)
• Kannammapet: Rs 5,500 per sq.ft (2024)
• Kanniah Street: Rs 6,600 per sq.ft (2024)
• Jawaharlal Nehru Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Kaliur Srinivasa Chari Road

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value would be Rs 55,00,000. The stamp duty at 7% would amount to Rs 3,85,000, while the registration fee at 2% would be Rs 1,10,000, bringing the total fees to Rs 4,95,000. Please note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kaliur Srinivasa Chari Road?

The Sub Registrar Office that covers Kaliur Srinivasa Chari Road is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process for property transactions in Tnagar. It is used to determine the stamp duty and registration fees applicable to the property being bought or sold. Buyers and sellers should be aware that these fees are calculated based on the higher of the guideline value or the sale price.

When registering a property, the guideline value ensures that the government receives the appropriate taxes based on the value of the property. This system helps maintain transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Kaliur Srinivasa Chari Road?

The current guideline value of Kaliur Srinivasa Chari Road is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 2,000 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, with various increases and decreases in between.

What is the land classification for Kaliur Srinivasa Chari Road?

Kaliur Srinivasa Chari Road is classified as Residential Class III Type - II.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 55,00,000, the stamp duty would be Rs 3,85,000, and the registration fee would be Rs 1,10,000, totaling Rs 4,95,000.

Where can I find the Sub Registrar Office for Kaliur Srinivasa Chari Road?

The Thiyagaraya nagar Sub Registrar Office, which covers Kaliur Srinivasa Chari Road, is located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35.