Guideline Value for Kalyan Nagar 1-st St

Kalyan Nagar 1-st St guideline value

The current guideline value of Kalyan Nagar 1-st St is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Irumpuliyur village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Kalyan Nagar 1-st St has changed

The guideline value for Kalyan Nagar 1-st St has undergone several revisions over the years. In 2007, the guideline value was Rs 500 per sq.ft, which increased to Rs 1,000 per sq.ft in 2012, marking a 100% increase. However, this value decreased to Rs 670 per sq.ft in 2017, a decline of 33%. The value then rose significantly to Rs 1,000 per sq.ft in 2023, and the latest revision in 2024 set it at Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 120%.

Guideline values in Irumpuliyur

In Irumpuliyur, there are 218 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 6,600 per sq.ft, with a median value of Rs 2,200 per sq.ft. Kalyan Nagar 1-st St's current guideline value is below this median.

• Kalyan Nagar 2-nd Cross: Rs 1,100 per sq.ft (2024)
• Kalyan Nagar 1-st Cross: Rs 1,100 per sq.ft (2024)
• Kalyan Nagar 2-nd St: Rs 1,100 per sq.ft (2024)
• Kalyan Nagar 3-rd St: Rs 1,100 per sq.ft (2024)
• Kalyan Nagar 4-th St: Rs 1,100 per sq.ft (2024)
• Kalyan Nagar Main Road: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Kalyan Nagar 1-st St

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, bringing the total cost to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kalyan Nagar 1-st St?

Kalyan Nagar 1-st St is covered by the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, 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 Irumpuliyur

The guideline value is a crucial factor during the registration process when buying or selling property in Irumpuliyur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

Frequently asked questions

What is the current guideline value of Kalyan Nagar 1-st St?

The current guideline value of Kalyan Nagar 1-st St is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 120% over this period.

What are the other streets with the same guideline value in Irumpuliyur?

Other streets in Irumpuliyur with the same guideline value of Rs 1,100 per sq.ft include Kalyan Nagar 2-nd Cross, Kalyan Nagar 1-st Cross, Kalyan Nagar 2-nd St, Kalyan Nagar 3-rd St, Kalyan Nagar 4-th St, and Kalyan Nagar Main Road.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000. These fees are calculated based on the higher of the guideline value or the sale price.

Which Sub Registrar Office covers Kalyan Nagar 1-st St?

The Tambaram Joint 1 Sub Registrar Office covers Kalyan Nagar 1-st St, located at No.26, Mes Road, East Tambaram, Chennai-600059.