Guideline Value for Kalliamman Nagar

Kalliamman Nagar guideline value

The current guideline value of Kalliamman Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024. This area is located in Pozhichalur village under the Pammal Sub Registrar Office (SRO) and is classified as Residential Class I Type - I.

How the guideline value of Kalliamman Nagar has changed

The guideline value for Kalliamman Nagar has seen significant changes over the years. In 2007, the guideline value was Rs 300 per sq.ft, which increased to Rs 1,005 per sq.ft in 2017. This marked a substantial rise of 235%. The value further increased to Rs 1,500 per sq.ft in 2023, reflecting a 49% increase from the previous revision. The current value of Rs 1,650 per sq.ft from the 2024 revision represents a 10% increase from 2023. The register has no figures for the years 2002, 2003, and 2012 for this street.

Overall, from 2007 to 2024, the guideline value has increased by 450%. This progression highlights the changes in the guideline value over the years, indicating a steady rise in property valuation in Kalliamman Nagar.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 4,500 per sq.ft, with a median value of Rs 1,320 per sq.ft. Kalliamman Nagar's 2024 guideline value of Rs 1,650 per sq.ft is above this median.

• Kalaignar Street Vinayaga Nagar: Rs 1,650 per sq.ft (2024)
• Kalaignar Street (7): Rs 1,650 per sq.ft (2024)
• Kalaignar Street (13): Rs 1,650 per sq.ft (2024)
• Kalaignar Street (1): Rs 1,650 per sq.ft (2024)
• Kamarajar Street (3): Rs 1,320 per sq.ft (2024)
• Kamarajar Street (6): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Kalliamman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, making the total cost for these fees Rs 1,48,500. It is important 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 details.

Which Sub Registrar Office covers Kalliamman Nagar?

Kalliamman Nagar falls under the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Pozhichalur. It is used to determine the stamp duty and registration fees applicable when buying or selling property. Buyers and sellers must be aware of the guideline value to ensure compliance with the legal requirements during the registration process.

When registering a property, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable fees. This ensures that the transaction is recorded accurately and reflects the value of the property in the market.

Frequently asked questions

What is the current guideline value of Kalliamman Nagar?

The current guideline value of Kalliamman Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2007?

Since 2007, the guideline value has increased from Rs 300 per sq.ft to Rs 1,650 per sq.ft in 2024, marking an overall increase of 450%.

What are the previous guideline values for Kalliamman Nagar?

The previous guideline values for Kalliamman Nagar are Rs 300 per sq.ft in 2007, Rs 1,005 per sq.ft in 2017, and Rs 1,500 per sq.ft in 2023.

What is the registration office for Kalliamman Nagar?

Kalliamman Nagar is covered by the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is the stamp duty calculated for properties in Kalliamman Nagar?

The stamp duty for properties in Kalliamman Nagar is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 16,50,000 would incur a stamp duty of Rs 1,15,500 at 7%.