Guideline Value for Kaliamman Koil Street

Kaliamman Koil Street guideline value

The current guideline value of Kaliamman Koil Street is Rs 250 per sq.ft, effective from 1 July 2024. This street is located in Nariyampakkam village under the Sriperumpudur SRO and is classified as Residential Class I Type - I.

How the guideline value of Kaliamman Koil Street has changed

The guideline value for Kaliamman Koil Street has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 250 per sq.ft. This remained unchanged in the 2017 revision, where it was revised to Rs 167 per sq.ft, marking a decrease of 33%. However, by the 2023 revision, the value returned to Rs 250 per sq.ft, reflecting a 50% increase from the previous figure. The current 2024 revision maintains this value at Rs 250 per sq.ft, showing no change from 2023.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Nariyampakkam

Nariyampakkam village has a range of guideline values for its streets. There are 17 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 250 to Rs 600 per sq.ft. The median value is Rs 250 per sq.ft, which is equal to the guideline value of Kaliamman Koil Street.

• Jeya Nagar: Rs 250 per sq.ft (2024)
• Hindu Nagar: Rs 250 per sq.ft (2024)
• GV Nagar: Rs 600 per sq.ft (2024)
• Pallavan street: Rs 250 per sq.ft (2024)
• Perumalkoil Street: Rs 250 per sq.ft (2024)
• Annai Indira Gandhi Salai: Rs 250 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 250 per sq.ft, the total guideline value would be Rs 2,50,000. The stamp duty at 7% would amount to Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total cost for these fees to Rs 22,500. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more specific calculations.

Which Sub Registrar Office covers Kaliamman Koil Street?

The Sub Registrar Office that covers Kaliamman Koil Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Nariyampakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from transactions.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are essential costs associated with the transfer of property ownership. Buyers should be aware of these values to prepare for the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Kaliamman Koil Street?

The current guideline value of Kaliamman Koil Street is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent being Rs 250 per sq.ft in both 2023 and 2024. It was previously Rs 167 per sq.ft in 2017 and Rs 250 per sq.ft in 2012.

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

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 22,500.

Which Sub Registrar Office covers Kaliamman Koil Street?

Kaliamman Koil Street is covered by the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

What is the land classification of Kaliamman Koil Street?

Kaliamman Koil Street is classified as Residential Class I Type - I, indicating its suitability for residential development.