Guideline Value for Kalyan Nagar Main Road

Kalyan Nagar Main Road guideline value

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

How the guideline value of Kalyan Nagar Main Road has changed

The guideline value for Kalyan Nagar Main Road has seen several revisions over the years. In 2007, the value was Rs 500 per sq.ft, which increased to Rs 1,000 per sq.ft in 2012, marking a 100% rise. However, from 2012 to 2017, the value decreased to Rs 670 per sq.ft, a decline of 33%. The value then increased significantly to Rs 1,000 per sq.ft in 2023, followed by another increase to Rs 1,100 per sq.ft in the 2024 revision, reflecting a 10% rise.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 120%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Irumpuliyur

In Irumpuliyur, there are 218 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 880 to Rs 6,600 per sq.ft. The median guideline value in this village is Rs 2,200 per sq.ft, which indicates that Kalyan Nagar Main Road's 2024 figure is below that median.

• Kalyan Nagar 4-th St: Rs 1,100 per sq.ft (2024)
• Kalyan Nagar 3-rd St: Rs 1,100 per sq.ft (2024)
• Kalyan Nagar 2-nd St: Rs 1,100 per sq.ft (2024)
• Kalyan Nagar 2-nd Cross: 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)

Stamp duty and registration fee for property in Kalyan Nagar Main Road

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

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

Which Sub Registrar Office covers Kalyan Nagar Main Road?

The Kalyan Nagar Main Road 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 a crucial factor in property transactions in Irumpuliyur. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When buying or selling property, it is essential to be aware of the guideline value as it can significantly impact the overall costs involved in the transaction. Understanding this value helps in better financial planning and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Kalyan Nagar Main Road?

The current guideline value of Kalyan Nagar Main Road 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 median guideline value in Irumpuliyur?

The median guideline value in Irumpuliyur is Rs 2,200 per sq.ft, indicating that Kalyan Nagar Main Road's 2024 figure is below this median.

What are the registration fees for properties in Kalyan Nagar Main Road?

The registration fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Kalyan Nagar Main Road?

The Sub Registrar Office for Kalyan Nagar Main Road is located at No.26, Mes Road, East Tambaram, Chennai-600059, under the Tambaram Joint 1 SRO.