Guideline Value

Corporate

Guideline Value for Kalyan Nagar Main Road

₹4400/sq.ft.

The guideline value for Kalyan Nagar Main Road in Tambaram village (Tambaram Joint 1 SRO, Chengalpattu zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Tambaram

Village

Tambaram Joint 1

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹750 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹554 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹450 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.26,mes Road, East Tambaram, Chennai-600059.
044-22397171
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Kalyan Nagar Main Road

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Kalyan Nagar Main Road guideline value

The current guideline value of Kalyan Nagar Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024. This road is located in Tambaram village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Special Type - II.

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 2002, the value was Rs 450 per sq.ft, which increased to Rs 554 per sq.ft in 2003, marking a 23% rise. The value then rose to Rs 750 per sq.ft in 2007, reflecting a 35% increase. The next revision in 2012 saw a significant jump to Rs 4,000 per sq.ft, which was a 433% increase. However, the value decreased to Rs 2,680 per sq.ft in 2017, a 33% drop. From 2017 to 2023, the value increased by 49% to Rs 4,000 per sq.ft, and the latest revision in 2024 has set the value at Rs 4,400 per sq.ft, a 10% increase from the previous year.

It is important to note that the register has no figure for this street for the years not specifically mentioned. The overall change from 2002 to 2024 indicates a substantial increase of 878%.

Guideline values in Tambaram

In Tambaram, there are 360 streets under the Tambaram Joint 1 SRO that have a 2024 guideline value ranging from Rs 880 to Rs 8,250 per sq.ft, with a median value of Rs 3,300 per sq.ft. Kalyan Nagar Main Road's 2024 guideline value is above this median.

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

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kalyan Nagar Main Road?

The Sub Registrar Office that covers Kalyan Nagar Main Road is 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 is a crucial factor in the registration process when buying or selling property in Tambaram. It determines the minimum value at which a property can be registered, ensuring that the appropriate stamp duty and registration fees are calculated based on this value.

When a property is sold, the guideline value serves as a benchmark for the transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with registration requirements and to understand the financial implications of their property transactions.

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 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 450 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 878% over this period.

What is the land classification for Kalyan Nagar Main Road?

Kalyan Nagar Main Road is classified as Residential Special Type - II, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which Sub Registrar Office handles registrations for Kalyan Nagar Main Road?

The Tambaram Joint 1 Sub Registrar Office handles registrations for Kalyan Nagar Main Road, located at No.26, Mes Road, East Tambaram, Chennai-600059.