Guideline Value for Kaliamman Koil Street

Kaliamman Koil Street guideline value

The current guideline value of Kaliamman Koil Street is Rs 7,700 per sq.ft, effective from 1 July 2024. This street is located in Nungambakkam village and falls under the Chennai Central Joint II SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Kaliamman Koil Street has changed

The guideline value for Kaliamman Koil Street has seen significant changes over the years. In the 2007 revision, the value was Rs 1,500 per sq.ft, which increased dramatically to Rs 7,000 per sq.ft in 2012. However, this figure dropped to Rs 4,690 per sq.ft in 2017, before rising to Rs 7,000 per sq.ft in 2023. The most recent revision in 2024 set the value at Rs 7,700 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 413%. The register does not contain figures for the years 2002 and 2003 for this street.

Guideline values in Nungambakkam

Nungambakkam village has a total of 270 streets under the Chennai Central Joint II SRO, with guideline values ranging from Rs 3,300 to Rs 22,000 per sq.ft. The median guideline value for these streets is Rs 8,800 per sq.ft, placing Kaliamman Koil Street's 2024 figure below this median.

• Kaliamman Koil 3rd Street: Rs 7,700 per sq.ft (2024)
• Kaliamman Koil 2nd Street: Rs 7,700 per sq.ft (2024)
• Kaliamman Koil 1st Street: Rs 7,700 per sq.ft (2024)
• Kamala Street: Rs 7,700 per sq.ft (2024)
• Kamarajapuram 1st Street: Rs 6,000 per sq.ft (2024)
• Kamarajapuram 2nd Street: Rs 6,000 per sq.ft (2024)

Stamp duty and registration fee for property in Kaliamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,700 per sq.ft, the total guideline value amounts to Rs 77,00,000. The stamp duty, charged at 7%, would be Rs 5,39,000, and the registration fee at 2% would be Rs 1,54,000, bringing the total to Rs 6,93,000. 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 further calculations.

Which Sub Registrar Office covers Kaliamman Koil Street?

The Sub Registrar Office that covers Kaliamman Koil Street is the Chennai Central Joint II Sub Registrar Office, located at No:5/9, Kavigar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Nungambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property. Buyers must consider the guideline value when assessing the overall cost of property transactions.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration process reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Kaliamman Koil Street?

The current guideline value of Kaliamman Koil Street is Rs 7,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 1,500 per sq.ft in 2007 to Rs 7,700 per sq.ft in 2024, reflecting an overall increase of 413% from 2007 to 2024.

What is the median guideline value for streets in Nungambakkam?

The median guideline value for streets in Nungambakkam is Rs 8,800 per sq.ft, which is higher than the current value of Kaliamman Koil Street.

Where can I find the registration office for Kaliamman Koil Street?

The registration office for Kaliamman Koil Street is the Chennai Central Joint II Sub Registrar Office, located at No:5/9, Kavigar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018.

How is stamp duty calculated for properties in Kaliamman Koil Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 77,00,000 would incur a stamp duty of Rs 5,39,000 at 7%.