Guideline Value for KALYANI CHETTY NAGAR

Kalyani Chetty Nagar guideline value

The current guideline value of Kalyani Chetty Nagar is Rs 3,300 per sq.ft, effective from 1 July 2024. This locality is situated in Thiruvottiyur village, under the jurisdiction of the Thiruvottiyur SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Kalyani Chetty Nagar has changed

The guideline value of Kalyani Chetty Nagar has seen several revisions over the years. Starting from the 2007 revision, the value was Rs 500 per sq.ft. It increased significantly to Rs 3,000 per sq.ft in 2012, marking a 500% rise. However, the value dropped to Rs 2,010 per sq.ft in 2017, a decrease of 33%. The value then rose again to Rs 3,000 per sq.ft in 2023, and most recently, it increased to Rs 3,300 per sq.ft in 2024, reflecting a 10% increase from the previous year.

The revisions for the years 2002 and 2003 do not have figures listed for this street in the register. Overall, from 2007 to 2024, the guideline value has increased by 560%.

Guideline values in Thiruvottiyur

In Thiruvottiyur, there are 177 streets under the Thiruvottiyur SRO that have a 2024 guideline value ranging from Rs 1,300 to Rs 8,600 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, which is the same as the current value for Kalyani Chetty Nagar.

• Kamadevan Nagar: Rs 3,300 per sq.ft (2024)
• Kamala Nagar: Rs 3,300 per sq.ft (2024)
• Kalaivanar Nagar: Rs 1,500 per sq.ft (2024)
• Kamaraj Nagar: Rs 2,400 per sq.ft (2024)
• Kakkan Street: Rs 3,300 per sq.ft (2024)
• Kailash Sector: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kalyani Chetty Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost for these fees to Rs 2,97,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more details on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kalyani Chetty Nagar?

Kalyani Chetty Nagar falls under the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Thiruvottiyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the property transfer process.

Frequently asked questions

What is the current guideline value of Kalyani Chetty Nagar?

The current guideline value of Kalyani Chetty Nagar is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, showing a significant increase of 560% overall.

What are the stamp duty rates for property in Kalyani Chetty Nagar?

The stamp duty for property in Kalyani Chetty Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where is the Thiruvottiyur Sub Registrar Office located?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How can I calculate the registration fees for my property?

You can calculate the registration fees for your property using the stamp duty and registration fee calculator available online.