Guideline Value for KALYANI NAGAR, RAJA STREET

Kalyani Nagar, Raja Street guideline value

The current guideline value of Kalyani Nagar, Raja Street is Rs 8,300 per sq.ft, effective from 1 July 2024. This street is located in Kottivakkam village, under the Adayar SRO, and is classified as Residential Class I Type - II.

How the guideline value of Kalyani Nagar, Raja Street has changed

The guideline value for Kalyani Nagar, Raja Street has seen significant changes over the years. The 2017 revision set the value at Rs 5,000 per sq.ft, which increased to Rs 7,463 per sq.ft in the 2023 revision, marking a 49% increase. The latest revision in 2024 has raised the value further to Rs 8,300 per sq.ft, reflecting an 11% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 66%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kottivakkam

Kottivakkam village has a total of 284 streets under the Adayar SRO, with guideline values ranging from Rs 1,700 to Rs 8,500 per sq.ft. The median guideline value in this area is Rs 3,900 per sq.ft, placing Kalyani Nagar, Raja Street above this median.

• Kalyani Nagar Pooja Street: Rs 3,900 per sq.ft (2024)
• Kalyani Nagar Rani Street: Rs 4,400 per sq.ft (2024)
• Kalyani Nagar Nimalan Street: Rs 4,400 per sq.ft (2024)
• Kalyani Nagar Karthik Street: Rs 4,400 per sq.ft (2024)
• Kalki Nagar: Rs 3,900 per sq.ft (2024)
• Kalathu Mettu Street (Main Road): Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kalyani Nagar, Raja Street

For a 1,000 sq.ft plot at the current guideline value of Rs 8,300 per sq.ft, the total guideline value amounts to Rs 83,00,000. The stamp duty at 7% would be Rs 5,81,000, and the registration fee at 2% would be Rs 1,66,000, bringing the total fees together to Rs 7,47,000. Please 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 Kalyani Nagar, Raja Street?

The Kalyani Nagar, Raja Street falls under the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Kottivakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the higher of the guideline value or the sale price is considered for calculating the applicable duties. This ensures that the registration reflects a fair value based on current market conditions.

Frequently asked questions

What is the current guideline value of Kalyani Nagar, Raja Street?

The current guideline value of Kalyani Nagar, Raja Street is Rs 8,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 5,000 per sq.ft in 2017 to Rs 8,300 per sq.ft in 2024, showing a total increase of 66% over this period.

What is the median guideline value in Kottivakkam?

The median guideline value in Kottivakkam is Rs 3,900 per sq.ft, with Kalyani Nagar, Raja Street being above this median at Rs 8,300 per sq.ft.

What are the stamp duty and registration fees for Kalyani Nagar, Raja Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 83,00,000, resulting in a stamp duty of Rs 5,81,000 and a registration fee of Rs 1,66,000, totaling Rs 7,47,000.

Which office handles registrations for Kalyani Nagar, Raja Street?

The Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20, handles registrations for Kalyani Nagar, Raja Street.