Guideline Value for Kalyan Nagar 4th St

Kalyan Nagar 4th St guideline value

The current guideline value of Kalyan Nagar 4th 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 4th St has changed

The guideline value for Kalyan Nagar 4th St has seen several revisions over the years. In 2007, the 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, marking a decrease of 33%. The value then rose to Rs 3,000 per sq.ft in 2023, and the most recent revision in 2024 set it at Rs 3,300 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 340%. The revisions for the years 2002 and 2003 do not have figures recorded for Kalyan Nagar 4th St in the register.

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 guideline value for these streets is Rs 3,300 per sq.ft, which matches the current value for Kalyan Nagar 4th St.

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

The Kalyan Nagar 4th 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 a crucial factor during the registration process of property transactions in Tambaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the correct amount based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Kalyan Nagar 4th St?

The current guideline value of Kalyan Nagar 4th 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 increased from Rs 750 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 340% over the years.

What are the stamp duty and registration fees for properties in Kalyan Nagar 4th 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 the registration for Kalyan Nagar 4th St?

The Tambaram Joint 1 Sub Registrar Office handles the registration for Kalyan Nagar 4th St, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is the guideline value determined for properties in Tambaram?

The guideline value is determined based on various factors and is revised periodically. It serves as a reference for calculating stamp duty and registration fees during property transactions.