Guideline Value for Kalyan Nagar 1st Cross St

Kalyan Nagar 1st Cross St guideline value

The current guideline value of Kalyan Nagar 1st Cross St is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Tambaram village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class I Type - I.

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

The guideline value for Kalyan Nagar 1st Cross St has seen several revisions over the years. In 2007, the guideline value was Rs 750 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012. However, this value decreased by 33% to Rs 2,010 per sq.ft in 2017. The value then rose sharply to Rs 3,000 per sq.ft in 2023, followed by a further increase of 10% to the current value of Rs 3,300 per sq.ft as of 2024.

Overall, from 2007 to 2024, the guideline value has increased by 340%. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Tambaram

In Tambaram village, there are a total of 360 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 8,250 per sq.ft. The median guideline value is Rs 3,300 per sq.ft, which is equal to the 2024 figure for Kalyan Nagar 1st Cross St.

• Kalyan Nagar 1st: Rs 3,300 per sq.ft (2024)
• Kalyan Nagar 2nd Cross st: Rs 3,300 per sq.ft (2024)
• Kalyan Nagar 2nd St: Rs 3,300 per sq.ft (2024)
• Kalyan Nagar 3rd St: Rs 3,300 per sq.ft (2024)
• Kalyan Nagar 4th cross street: Rs 3,300 per sq.ft (2024)
• Kalyan Nagar 4th St: Rs 3,300 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

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

The Kalyan Nagar 1st Cross St falls under 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 Tambaram

The guideline value is a crucial factor when registering property transactions in Tambaram. It serves as a benchmark for determining the minimum price at which a property can be sold or purchased, ensuring that the transaction is recorded accurately in the government records.

When buyers and sellers engage in a property transaction, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial obligations involved in the transfer of property ownership.

Frequently asked questions

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

The current guideline value of Kalyan Nagar 1st Cross St is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 340% over the years.

What is the median guideline value in Tambaram?

The median guideline value in Tambaram is Rs 3,300 per sq.ft, which is the same as the 2024 figure for Kalyan Nagar 1st Cross St.

What are the stamp duty and registration fees for properties in Kalyan Nagar 1st Cross St?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which office handles property registrations for Kalyan Nagar 1st Cross St?

The Tambaram Joint 1 Sub Registrar Office handles property registrations for Kalyan Nagar 1st Cross St, located at No.26, Mes Road, East Tambaram, Chennai-600059.