Guideline Value for Kalyan Nagar 2-nd St

Kalyan Nagar 2-nd St guideline value

The current guideline value of Kalyan Nagar 2-nd St is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Irumpuliyur village, under the Tambaram Joint 1 SRO, and is classified as Residential Class I Type - III.

How the guideline value of Kalyan Nagar 2-nd St has changed

The guideline value for Kalyan Nagar 2-nd 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% rise. However, it then decreased to Rs 670 per sq.ft in 2017, a drop of 33%. The value saw a significant increase to Rs 1,000 per sq.ft in 2023, followed by a further increase to Rs 1,100 per sq.ft in 2024, reflecting a 10% rise.

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 a total of 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 2-nd St's guideline value is below this median.

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

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

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

Which Sub Registrar Office covers Kalyan Nagar 2-nd St?

The Kalyan Nagar 2-nd 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 details.

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

The guideline value is an essential factor when registering property transactions in Irumpuliyur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is crucial for legal and financial purposes. It helps maintain transparency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Kalyan Nagar 2-nd St?

The current guideline value of Kalyan Nagar 2-nd 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 the years.

What is the registration fee for property in Kalyan Nagar 2-nd St?

The registration fee is calculated based on the guideline value, with a rate of 2%. For a plot valued at Rs 11,00,000, the registration fee would be Rs 22,000.

Where is the Sub Registrar Office for Kalyan Nagar 2-nd St located?

The Tambaram Joint 1 Sub Registrar Office is located at No.26, Mes Road, East Tambaram, Chennai-600059.

What is the significance of the guideline value in property transactions?

The guideline value serves as a benchmark for calculating stamp duty and registration fees during property transactions, ensuring transparency and fairness in the registration process.