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Guideline Value

Corporate

Guideline Value for KALKI NAGAR II ND STREET

₹4700/sq.ft.

The guideline value for Kalki Nagar Ii Nd Street in Arumbakkam village (Kodambakkam SRO, Chennai zone) is Rs 4700 per sq.ft, effective 1 July 2024. It was Rs 4300 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Arumbakkam

Village

Kodambakkam

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹4700 /sq.ft.
From 1-4-2023 ₹4300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2881 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4300 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1050 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.
044-24843265
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Kalki Nagar Ii Nd Street

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Kalki Nagar II Nd Street guideline value

The current guideline value of Kalki Nagar II Nd Street is Rs 4,700 per sq.ft, effective from 1 July 2024. This street is located in Arumbakkam village, under the Kodambakkam SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Kalki Nagar II Nd Street has changed

The guideline value for Kalki Nagar II Nd Street has seen several revisions over the years. The earliest recorded revision was in 2007, with a value of Rs 1,050 per sq.ft. This increased significantly to Rs 4,300 per sq.ft in 2012, marking a substantial rise of 310%. However, by 2017, the value dropped to Rs 2,881 per sq.ft, reflecting a decrease of 33%. The value then rose again to Rs 4,300 per sq.ft in 2023, before reaching the current figure of Rs 4,700 per sq.ft in 2024, which is a 9% increase from the previous year.

It is important to note that the register has no figures for Kalki Nagar II Nd Street for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 348%.

Guideline values in Arumbakkam

In Arumbakkam, there are 391 streets under the Kodambakkam SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 16,500 per sq.ft, with a median value of Rs 6,000 per sq.ft. The guideline value of Kalki Nagar II Nd Street is below this median.

Stamp duty and registration fee for property in Kalki Nagar II Nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,700 per sq.ft, the total guideline value amounts to Rs 47,00,000. The stamp duty at 7% would be Rs 3,29,000, and the registration fee at 2% would be Rs 94,000, totaling Rs 4,23,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Kalki Nagar II Nd Street?

The Sub Registrar Office that covers Kalki Nagar II Nd Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Arumbakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration process is standardized and transparent.

Frequently asked questions

What is the current guideline value of Kalki Nagar II Nd Street?

The current guideline value of Kalki Nagar II Nd Street is Rs 4,700 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 1,050 per sq.ft in 2007 to Rs 4,700 per sq.ft in 2024, showing an overall increase of 348% over this period.

What is the registration office for Kalki Nagar II Nd Street?

The registration office for Kalki Nagar II Nd Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

What is the stamp duty rate applicable?

The stamp duty rate applicable for properties in Kalki Nagar II Nd Street is 7% of the guideline value or sale price, whichever is higher.

What are the other streets in Arumbakkam with guideline values?

Other streets in Arumbakkam include Kalki Nagar I St Street, Kalkinagar Main Road, Jeevarathinam Street, J.D.Durairaj Nagar, Kannaki Street, and Kannan Bala Nagar, each with their respective guideline values for 2024.