Guideline Value for KALYANI NARAYANAN GARDEN

Kalyani Narayanan Garden guideline value

The current guideline value of Kalyani Narayanan Garden is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Karapakkam village and falls under the Neelankarai SRO. The land classification for this street is Residential Class III Type - I.

How the guideline value of Kalyani Narayanan Garden has changed

The guideline value for Kalyani Narayanan Garden has seen several revisions over the years. In 2012, the value was Rs 1,000 per sq.ft. This figure decreased to Rs 670 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,000 per sq.ft, representing a 49% rise. The most recent revision in 2024 set the guideline value at Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register has no figures for Kalyani Narayanan Garden for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Karapakkam

In Karapakkam, there are 185 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 10,700 per sq.ft. The median value for these streets is Rs 1,700 per sq.ft, indicating that Kalyani Narayanan Garden's 2024 figure is below this median.

• Kaliangar Karunanidhi Street: Rs 2,200 per sq.ft (2024)
• Kaliamman Koil Street: Rs 1,700 per sq.ft (2024)
• KALIAMMAN KOIL 8th CROSS STREET: Rs 1,700 per sq.ft (2024)
• KALIAMMAN KOIL 7th STREET 3rd CROSS: Rs 1,700 per sq.ft (2024)
• KALIAMMAN KOIL 7th STREET 2nd CROSS: Rs 1,700 per sq.ft (2024)
• KALIAMMAN KOIL 7th CROSS STREET 1st CROSS: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Kalyani Narayanan Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty, charged at 7%, would amount to Rs 77,000, while the registration fee at 2% would be Rs 22,000. Together, the total cost for these fees would be Rs 99,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Kalyani Narayanan Garden?

Kalyani Narayanan Garden is covered by the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during property transactions in Karapakkam. It is used to determine the stamp duty and registration fees applicable when buying or selling property. The higher of the guideline value and the sale price is considered for these calculations, ensuring that the fees reflect the true value of the property.

When registering a property, buyers and sellers must be aware of the guideline value as it directly impacts the cost of registration. Understanding the guideline value can help in budgeting for the overall expenses involved in a property transaction.

Frequently asked questions

What is the current guideline value of Kalyani Narayanan Garden?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification of Kalyani Narayanan Garden?

Kalyani Narayanan Garden is classified as Residential Class III Type - I.

What are the stamp duty and registration fees based on the guideline value?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which office handles registrations for Kalyani Narayanan Garden?

The Neelankarai Sub Registrar Office handles registrations for Kalyani Narayanan Garden, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.