Guideline Value for Kalyan Nagar 1st

Kalyan Nagar 1st guideline value

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

How the guideline value of Kalyan Nagar 1st has changed

The guideline value for Kalyan Nagar 1st has seen several revisions over the years. The 2012 revision set the value at Rs 3,000 per sq.ft, which was then reduced to Rs 2,010 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 3,000 per sq.ft, marking a 49% rise. The latest revision in 2024 has further increased the guideline value to Rs 3,300 per sq.ft, representing a 10% increase from the previous year.

It is important to note that there are no figures available for Kalyan Nagar 1st in the revisions from 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Tambaram

In Tambaram, there are 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 value for these streets is Rs 3,300 per sq.ft, which aligns with the current guideline value for Kalyan Nagar 1st.

• Kalyan Nagar 1st Cross St: 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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be 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 our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kalyan Nagar 1st?

Kalyan Nagar 1st 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 plays a crucial role in the registration process when buying or selling property in Tambaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When registering a property, the guideline value is used to calculate the applicable charges, ensuring that both buyers and sellers are aware of the financial implications involved in the transaction.

Frequently asked questions

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

The current guideline value for Kalyan Nagar 1st 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 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024, which is a 10% increase. From 2017 to 2023, it increased by 49% from Rs 2,010 per sq.ft to Rs 3,000 per sq.ft.

What is the land classification for Kalyan Nagar 1st?

Kalyan Nagar 1st is classified as Residential Class I Type - I. This classification indicates the type of residential development allowed in the area.

Where can I find the Tambaram Joint 1 Sub Registrar Office?

The Tambaram Joint 1 Sub Registrar Office is located at No.26, Mes Road, East Tambaram, Chennai-600059. This office handles registrations for properties in Kalyan Nagar 1st.

How is stamp duty calculated for properties in Kalyan Nagar 1st?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 2,31,000.