Guideline Value for Kalyan Nagar 3rd St

Kalyan Nagar 3rd St guideline value

The current guideline value of Kalyan Nagar 3rd St is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Tambaram village, under the Tambaram Joint 1 SRO, and is classified as Residential Class I Type - I.

How the guideline value of Kalyan Nagar 3rd St has changed

The guideline value for Kalyan Nagar 3rd 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 figure dropped to Rs 2,010 per sq.ft in 2017. Following this, the value rose to Rs 3,000 per sq.ft in 2023, and then to Rs 3,300 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 340%. The revisions for the years 2002 and 2003 do not have any figures listed for this street in the register.

Guideline values in Tambaram

In Tambaram, there are 360 streets under the Tambaram Joint 1 SRO carrying a 2024 guideline value, ranging from Rs 880 to Rs 8,250 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, which is equal to the current guideline value for Kalyan Nagar 3rd St.

• Kalyan Nagar 4th cross street: Rs 3,300 per sq.ft (2024)
• Kalyan Nagar 2nd St: Rs 3,300 per sq.ft (2024)
• Kalyan Nagar 4th St: Rs 3,300 per sq.ft (2024)
• Kalyan Nagar 2nd Cross st: Rs 3,300 per sq.ft (2024)
• Kalyan Nagar Main Road: Rs 4,400 per sq.ft (2024)
• Kalyan Nagar 1st Cross St: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kalyan Nagar 3rd St

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. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Kalyan Nagar 3rd St?

The Kalyan Nagar 3rd 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 further assistance.

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

The guideline value is an essential factor when buying or selling property in Tambaram. It is used to determine the stamp duty and registration fees payable during the registration process. Buyers and sellers must consider the guideline value to ensure compliance with local regulations.

When a property is registered, the guideline value serves as a baseline for calculating the applicable fees. It is crucial to be aware of the current guideline value to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value of Kalyan Nagar 3rd St?

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

How has the guideline value changed over the years?

Over the years, the guideline value has changed significantly, with the latest revision showing an increase from Rs 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024. The overall increase from 2007 to 2024 is 340%.

What is the classification of Kalyan Nagar 3rd St?

Kalyan Nagar 3rd St is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for properties in Kalyan Nagar 3rd 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 Sub Registrar Office covers Kalyan Nagar 3rd St?

The Tambaram Joint 1 Sub Registrar Office covers Kalyan Nagar 3rd St, located at No.26, Mes Road, East Tambaram, Chennai-600059.