Guideline Value for KALYANAPURAM

Kalyanapuram guideline value

The current guideline value of Kalyanapuram, located in Puliyur village under the Kodambakkam SRO, is Rs 5,800 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Kalyanapuram has changed

The guideline value for Kalyanapuram has seen significant changes over the years. In 2002, the guideline value was Rs 857 per sq.ft. This increased to Rs 941 per sq.ft in 2003, marking a 10% rise. Following this, the value rose to Rs 1,400 per sq.ft in 2007, reflecting a 49% increase. The value then surged to Rs 5,300 per sq.ft in 2012, a remarkable 279% increase. However, it decreased to Rs 3,551 per sq.ft in 2017, a decline of 33%. The value was revised to Rs 5,300 per sq.ft in 2023, and most recently, it stands at Rs 5,800 per sq.ft as of the 2024 revision, which is a 9% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 577%. There are no figures available for the revisions in the years not listed in the register for this street.

Guideline values in Puliyur

Puliyur village has a total of 648 streets under the Kodambakkam SRO, with guideline values ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median guideline value for these streets is Rs 5,800 per sq.ft, placing Kalyanapuram's 2024 figure at the median.

• Kamala Nehru Main Road: Rs 5,000 per sq.ft (2024)
• Kamala Nehru Nagar 1st Street: Rs 5,000 per sq.ft (2024)
• Kamala Nehru Nagar 2nd Street: Rs 5,800 per sq.ft (2024)
• Kalaimagal Street: Rs 5,000 per sq.ft (2024)
• Kamaraj Colony 1st Street: Rs 4,600 per sq.ft (2024)
• Kamaraj Colony 2nd Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Kalyanapuram

For a 1,000 sq.ft plot at the current guideline value of Rs 5,800 per sq.ft, the total guideline value would be Rs 58,00,000. The stamp duty at 7% would amount to Rs 4,06,000, while the registration fee at 2% would be Rs 1,16,000. Therefore, the total cost for stamp duty and registration would be Rs 5,22,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kalyanapuram?

Kalyanapuram falls under the jurisdiction of 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 Puliyur

The guideline value is a critical factor in property transactions in Puliyur. It serves as a benchmark for determining the value of a property during registration. Buyers and sellers must consider this value to ensure compliance with local regulations and accurate pricing.

When registering a property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the transaction is legally recognized and properly documented.

Frequently asked questions

What is the current guideline value of Kalyanapuram?

The current guideline value of Kalyanapuram is Rs 5,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 857 per sq.ft in 2002 to Rs 5,800 per sq.ft in 2024, which is a total increase of 577% over the years.

What is the land classification for Kalyanapuram?

Kalyanapuram is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

What is the stamp duty rate in Kalyanapuram?

The stamp duty rate for property transactions in Kalyanapuram is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Kodambakkam Sub Registrar Office?

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