Guideline Value for Kalyanapuram 2nd Street

Kalyanapuram 2nd Street guideline value

The current guideline value of Kalyanapuram 2nd Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village, under the Ambattur SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Kalyanapuram 2nd Street has changed

Over the years, the guideline value for Kalyanapuram 2nd Street has seen several revisions. The 2012 revision set the value at Rs 2,000 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 1,340 per sq.ft. The value remained at Rs 2,000 per sq.ft until the 2023 revision, which increased it to Rs 2,000 per sq.ft. The most recent 2024 revision has increased the guideline value to Rs 2,200 per sq.ft, marking a 10% increase from the previous year.

Looking at the changes, from 2017 to 2023, there was a significant increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO, with guideline values ranging from Rs 1,400 to Rs 8,209 per sq.ft. The median guideline value in this area is Rs 3,600 per sq.ft, making the 2024 figure for Kalyanapuram 2nd Street below that median.

• Kalyanapuram 1st Street: Rs 2,200 per sq.ft (2024)
• Kalyanapuram Mariamman Koil St.: Rs 2,200 per sq.ft (2024)
• Kalyanapuram 3rd Street: Rs 2,200 per sq.ft (2024)
• Kalyanapuram 4th Street: Rs 2,200 per sq.ft (2024)
• Kalyani Ammal Street: Rs 4,000 per sq.ft (2024)
• Kallikuppam road 15th Street(lane): Rs 3,600 per sq.ft (2024)

Stamp duty and registration fee for property in Kalyanapuram 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total cost to Rs 1,98,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kalyanapuram 2nd Street?

The Kalyanapuram 2nd Street falls under the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Ambattur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the buyer must pay stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Kalyanapuram 2nd Street?

The current guideline value of Kalyanapuram 2nd Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2023 to Rs 2,200 per sq.ft in 2024, a 10% increase. From 2017 to 2023, it increased by 49%, while from 2012 to 2017, it decreased by 33%.

What is the median guideline value in Ambattur?

The median guideline value in Ambattur is Rs 3,600 per sq.ft. Kalyanapuram 2nd Street's 2024 figure is below this median.

What are the stamp duty and registration fees for a property in Kalyanapuram 2nd Street?

For a 1,000 sq.ft property at the current guideline value, the total guideline value is Rs 22,00,000. The stamp duty would be Rs 1,54,000, and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which office handles property registrations for Kalyanapuram 2nd Street?

The Ambattur Sub Registrar Office handles property registrations for Kalyanapuram 2nd Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone.