Guideline Value for KALPAKKAM GARDEN

Kalpakkam Garden guideline value

The current guideline value of Kalpakkam Garden is Rs 100 per sq.ft, effective from 1 July 2024. This property is located in Kalpakkam village, under the Ponneri Sub Registrar Office (SRO), and is classified as Residential Class II Type - I.

How the guideline value of Kalpakkam Garden has changed

Looking at the historical revisions, the guideline value for Kalpakkam Garden has seen several changes over the years. The 2012 revision set the value at Rs 100 per sq.ft, which was then followed by a decrease to Rs 67 per sq.ft in the 2017 revision. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back up to Rs 100 per sq.ft. The 2024 revision maintains this value, showing no change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value remains unchanged at Rs 100 per sq.ft.

Guideline values in Kalpakkam

In Kalpakkam village, there are 21 streets under the Ponneri SRO that carry a 2024 guideline value, all set at Rs 100 per sq.ft, with the median also being Rs 100 per sq.ft. This places Kalpakkam Garden's 2024 figure equal to that median.

• Jay Nagar Ext: Rs 100 per sq.ft (2024)
• Iswariam Nagar: Rs 100 per sq.ft (2024)
• Imayam Nagar: Rs 100 per sq.ft (2024)
• Lakshmi Nagar: Rs 100 per sq.ft (2024)
• Leelavathy Nagar: Rs 100 per sq.ft (2024)
• M K M Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Kalpakkam Garden

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, totaling Rs 9,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kalpakkam Garden?

The Sub Registrar Office that covers Kalpakkam Garden is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration process when buying or selling property. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When registering a property, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kalpakkam Garden?

The current guideline value of Kalpakkam Garden is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, then back to Rs 100 per sq.ft in 2023 and 2024. There are no figures available for the years 2002, 2003, and 2007.

What are the stamp duty and registration fees for properties in Kalpakkam Garden?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 9,000, calculated based on the guideline value of Rs 1,00,000.

Which office handles the registration for Kalpakkam Garden?

The Ponneri Sub Registrar Office handles the registration for Kalpakkam Garden, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is the guideline value used during property transactions?

The guideline value is used as a benchmark to calculate the stamp duty and registration fees during property transactions. The higher value between the guideline and sale price is considered for these calculations.