Guideline Value for KALKINAGAR MAIN ROAD

Kalkinagar Main Road guideline value

The current guideline value of Kalkinagar Main Road is Rs 5,000 per sq.ft, effective from 1 July 2024. This street is located in Arumbakkam village under the Kodambakkam SRO, classified as Residential Class III Type - I.

How the guideline value of Kalkinagar Main Road has changed

The guideline value for Kalkinagar Main Road has seen several revisions over the years. In 2007, the guideline value was Rs 1,100 per sq.ft, which increased significantly to Rs 4,600 per sq.ft in 2012, marking a rise of 318%. However, between 2012 and 2017, the value decreased to Rs 3,082 per sq.ft, a drop of 33%. The value then rose to Rs 4,600 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 set the value at Rs 5,000 per sq.ft, an increase of 9% from the previous year.

The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Arumbakkam

In Arumbakkam, there are 391 streets under the Kodambakkam SRO, with 2024 guideline values ranging from Rs 3,300 to Rs 16,500 per sq.ft. The median value for these streets is Rs 6,000 per sq.ft, making the guideline value of Kalkinagar Main Road below the median.

• Kalki Nagar I St Street: Rs 4,700 per sq.ft (2024)
• Kalki Nagar II Nd Street: Rs 4,700 per sq.ft (2024)
• Jeevarathinam Street: Rs 4,400 per sq.ft (2024)
• J.D.Durairaj Nagar: Rs 3,800 per sq.ft (2024)
• Kannaki Street: Rs 4,400 per sq.ft (2024)
• Kannan Bala Nagar: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Kalkinagar Main Road

For a 1,000 sq.ft plot at the current rate of Rs 5,000 per sq.ft, the guideline value would be Rs 50,00,000. The stamp duty at 7% would amount to Rs 3,50,000, and the registration fee at 2% would be Rs 1,00,000, totaling Rs 4,50,000. It is important to 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 Kalkinagar Main Road?

The Kodambakkam Sub Registrar Office covers Kalkinagar Main Road. The office is 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 is a crucial factor in the registration process when buying or selling property in Arumbakkam. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is compliant with local regulations.

When a property is registered, the guideline value will be assessed to calculate the applicable charges. Buyers and sellers should be aware that these values can influence the overall cost of the transaction and should be factored into their financial planning.

Frequently asked questions

What is the current guideline value of Kalkinagar Main Road?

The current guideline value of Kalkinagar Main Road is Rs 5,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,100 per sq.ft in 2007 to Rs 5,000 per sq.ft in 2024, showing an overall increase of 355% over the years.

What is the land classification for Kalkinagar Main Road?

Kalkinagar Main Road is classified as Residential Class III Type - I under the Kodambakkam SRO.

What are the stamp duty rates for properties in Kalkinagar Main Road?

The stamp duty for properties in Kalkinagar Main Road is charged at 7% of the guideline value or sale price, whichever is higher.

Where is the Kodambakkam Sub Registrar Office located?

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.