Guideline Value for Kalikambal Nagar

Kalikambal Nagar guideline value

The current guideline value of Kalikambal Nagar is Rs 440 per sq.ft, effective from 1 July 2024. This area is located in Grandlyon village, under the Redhills SRO, and is classified as Residential Class III Type - I.

How the guideline value of Kalikambal Nagar has changed

The guideline value for Kalikambal Nagar has undergone several revisions over the years. Starting from Rs 32 per sq.ft in 2003, it increased significantly to Rs 200 per sq.ft in 2007. In 2012, it rose to Rs 400 per sq.ft, but then decreased to Rs 268 per sq.ft in 2017. The value saw a substantial increase to Rs 400 per sq.ft in 2023, and currently stands at Rs 440 per sq.ft as of the 2024 revision. Notably, there is no figure available for this street in the 2002 revision.

From 2003 to 2024, the overall increase in the guideline value is Rs 440 per sq.ft, marking a rise of 1275%. The changes between revisions include a 525% increase from 2003 to 2007, a 100% increase from 2007 to 2012, a decrease of 33% from 2012 to 2017, and a 49% increase from 2017 to 2023, followed by a 10% increase from 2023 to 2024.

Guideline values in Grandlyon

In Grandlyon village, there are 82 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 1,500 per sq.ft, with a median value of Rs 660 per sq.ft. The guideline value of Kalikambal Nagar is below this median.

• Kalaivanar Street: Rs 660 per sq.ft (2024)
• Kamarajar Street: Rs 660 per sq.ft (2024)
• Jh Nagar: Rs 800 per sq.ft (2024)
• Kanaga Durga Nagar: Rs 440 per sq.ft (2024)
• Kandasamy Nagar: Rs 880 per sq.ft (2024)
• Karalmarks Nagar: Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Kalikambal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty at 7% would amount to Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total to Rs 39,600. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kalikambal Nagar?

The Sub Registrar Office that covers Kalikambal Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Grandlyon. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction process.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately and fairly. It helps in standardizing property values across the region, making the registration process more transparent.

Frequently asked questions

What is the current guideline value of Kalikambal Nagar?

The current guideline value of Kalikambal Nagar is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 32 per sq.ft in 2003 to Rs 440 per sq.ft in 2024, with several revisions in between, including a peak of Rs 400 per sq.ft in 2023.

What is the land classification for Kalikambal Nagar?

Kalikambal Nagar is classified as Residential Class III Type - I, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for a property in Kalikambal Nagar?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total cost would be Rs 39,600, based on the current guideline value.

Where is the Sub Registrar Office for Kalikambal Nagar located?

The Redhills Sub Registrar Office is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.