Guideline Value for Kalki Nagar

Kalki Nagar guideline value

The current guideline value of Kalki Nagar, located in Puzhal village under the Redhills SRO, is Rs 1,100 per sq.ft as per the 2024 revision effective from 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of Kalki Nagar has changed

The guideline value for Kalki Nagar has seen significant changes over the years. The 2017 revision recorded a value of Rs 536 per sq.ft, which increased to Rs 1,000 per sq.ft in the 2023 revision. The current value of Rs 1,100 per sq.ft in the 2024 revision reflects a 10% increase from the previous year. It is important to note that there are no figures available for this street in the years 2002, 2003, 2007, and 2012.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 105%. The transition from Rs 536 per sq.ft in 2017 to the current Rs 1,100 per sq.ft demonstrates a substantial rise in the guideline value over the years.

Guideline values in Puzhal

In Puzhal, there are 270 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft, with a median value of Rs 1,102 per sq.ft. The guideline value for Kalki Nagar is below this median.

• Kali Street: Rs 1,102 per sq.ft (2024)
• Kalyan Street: Rs 1,100 per sq.ft (2024)
• Kamaraj Nagar: Rs 1,100 per sq.ft (2024)
• Jithesh Avenue: Rs 1,650 per sq.ft (2024)
• Kanchi Arul Nagar: Rs 1,102 per sq.ft (2024)
• Kanchi Arul Nagar Extn.: Rs 1,102 per sq.ft (2024)

Stamp duty and registration fee for property in Kalki Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, leading to a total of Rs 99,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kalki Nagar?

The Sub Registrar Office that covers Kalki 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 details.

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

The guideline value is essential for property transactions in Puzhal as it determines the minimum price at which a property can be registered. This value is used to calculate the stamp duty and registration fees applicable during the buying or selling process.

When you register a property, the guideline value helps ensure that the transaction is documented at a fair value, which is crucial for legal and taxation purposes. It is important for buyers and sellers to be aware of the current guideline values to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Kalki Nagar?

The current guideline value of Kalki Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 536 per sq.ft to Rs 1,100 per sq.ft in 2024, marking an overall increase of 105%.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 11,00,000, resulting in a stamp duty of Rs 77,000 and a registration fee of Rs 22,000, totaling Rs 99,000.

Which Sub Registrar Office covers Kalki Nagar?

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

What is the land classification of Kalki Nagar?

The land classification for Kalki Nagar is Residential Class II Type - I, indicating its suitability for residential purposes.