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 Virugambakkam village, under the jurisdiction of the Virugambakkam SRO. The land classification for this area is Mixed Special 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. The value was Rs 648 per sq.ft in 2002, which increased to Rs 1,000 per sq.ft in 2003, marking a 54% rise. The following revisions showed a steady increase, with the value reaching Rs 2,650 per sq.ft in 2007, a substantial 165% increase from the previous figure. The value then rose to Rs 7,000 per sq.ft in 2012, indicating a 164% increase from 2007, but decreased to Rs 4,690 per sq.ft in 2017, reflecting a 33% drop. The value was Rs 7,000 per sq.ft again in 2023, before reaching the current figure of Rs 7,700 per sq.ft in 2024, representing a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 1088%. There are no revisions without figures for this street in the register.

Guideline values in Virugambakkam

In Virugambakkam, there are 391 streets under the Virugambakkam SRO that carry a 2024 guideline value ranging from Rs 2,750 to Rs 13,200 per sq.ft. The median guideline value for these streets is Rs 4,400 per sq.ft, and Kaliamman Koil Street's 2024 figure is above this median.

• Kamarajar Main Road: Rs 7,700 per sq.ft (2024)
• Kamaraj Road: Rs 7,700 per sq.ft (2024)
• Kambar Nagar & Kambar Nagar Extension(Ayyavupuram): Rs 3,300 per sq.ft (2024)
• Jeevanandham Street: Rs 4,400 per sq.ft (2024)
• Jayalakshmi Street: Rs 3,850 per sq.ft (2024)
• Kanniga Nagar: Rs 3,300 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 would be Rs 77,00,000. The stamp duty at 7% would amount to Rs 5,39,000, and the registration fee at 2% would be Rs 1,54,000, making the total charges 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. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kaliamman Koil Street?

The Sub Registrar Office that covers Kaliamman Koil Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Virugambakkam. It determines the minimum price at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that all transactions adhere to the legal requirements set by the government.

When registering a property, it is essential to consider the guideline value, as it serves as a benchmark for the transaction. Buyers and sellers must be aware that the stamp duty is calculated based on the guideline value or the sale price, whichever is higher, to ensure compliance with local regulations.

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 much has the guideline value changed over the years?

Since 2002, the guideline value has increased from Rs 648 per sq.ft to Rs 7,700 per sq.ft in 2024, reflecting an overall increase of 1088%.

What are the stamp duty and registration fees for property in Kaliamman Koil Street?

The stamp duty is 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total charges would amount to Rs 6,93,000.

Which office handles registrations for Kaliamman Koil Street?

The Virugambakkam Sub Registrar Office handles registrations for Kaliamman Koil Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the land classification for Kaliamman Koil Street?

Kaliamman Koil Street is classified as Mixed Special Type - I, which indicates the type of development permissible in the area.