Guideline Value for Kaliamman Avenue

Kaliamman Avenue guideline value

The current guideline value of Kaliamman Avenue is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Mangadu -A village, under the Kunrathur SRO, and is classified as Residential Class II Type - III.

How the guideline value of Kaliamman Avenue has changed

Over the years, the guideline value of Kaliamman Avenue has seen several revisions. The oldest recorded revision is from 2017, where the guideline value was Rs 804 per sq.ft. This figure increased to Rs 1,200 per sq.ft in 2023, marking a significant rise of 49%. The most recent revision in 2024 set the guideline value at Rs 1,320 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. Notably, there are no recorded figures for the years 2002, 2003, 2007, and 2012 for Kaliamman Avenue in the register.

Guideline values in Mangadu -A

In Mangadu -A, there are 208 streets under the Kunrathur SRO carrying a 2024 guideline value ranging from Rs 1,320 to Rs 3,300 per sq.ft, with a median value of Rs 1,870 per sq.ft. The guideline value of Kaliamman Avenue is below this median.

• Kamaraj Nagar: Rs 1,980 per sq.ft (2024)
• Kamatchi Amman Koil I Cross Street: Rs 1,980 per sq.ft (2024)
• Kamatchi Amman Koil IICross Street: Rs 1,980 per sq.ft (2024)
• Kamatchi Amman Koil Street: Rs 1,980 per sq.ft (2024)
• Kamatchi Amman Nagar: Rs 1,980 per sq.ft (2024)
• Kamatchi Amman Nagar 1st Street: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Kaliamman Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, leading to a total of Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kaliamman Avenue?

The Sub Registrar Office that covers Kaliamman Avenue is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Mangadu -A

The guideline value is a crucial factor during the registration of property transactions in Mangadu -A. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling a property, the guideline value helps determine the minimum value at which the property can be registered. This ensures transparency and helps in preventing undervaluation during the sale process.

Frequently asked questions

What is the current guideline value of Kaliamman Avenue?

The current guideline value of Kaliamman Avenue is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 804 per sq.ft in 2017 to Rs 1,320 per sq.ft in 2024, representing an overall increase of 64% over this period.

What is the land classification of Kaliamman Avenue?

Kaliamman Avenue is classified as Residential Class II Type - III, indicating its suitability for residential development.

What are the other streets in Mangadu -A with guideline values?

Other streets in Mangadu -A have guideline values ranging from Rs 1,980 per sq.ft, including Kamaraj Nagar and various Kamatchi Amman Koil streets.

How is stamp duty calculated for properties in Kaliamman Avenue?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the stamp duty would be Rs 92,400.