Guideline Value for Kalyanapuram

Kalyanapuram guideline value

The current guideline value of Kalyanapuram is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Vepery village, under the Periamet SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Kalyanapuram has changed

The guideline value for Kalyanapuram has undergone several revisions over the years. In 2007, the value was Rs 1,200 per sq.ft, which increased to Rs 2,500 per sq.ft in 2012. However, it then decreased by 33% to Rs 1,675 per sq.ft in 2017. Following this, the value saw a significant increase of 49% to Rs 2,500 per sq.ft in 2023, and then it rose by 8% to the current value of Rs 2,700 per sq.ft in 2024. The register has no figures for the years 2002 and 2003 for this street.

Overall, from 2007 to 2024, the guideline value has increased by 125%. The changes between the revisions highlight the fluctuations in property values over the years, reflecting various factors influencing the real estate market.

Guideline values in Vepery

In Vepery village, there are 290 streets under the Periamet SRO, with the 2024 guideline values ranging from Rs 2,200 to Rs 22,000 per sq.ft. The median value for these streets is Rs 4,800 per sq.ft, indicating that Kalyanapuram's 2024 figure is below this median.

• Kalyana Venkatesa PerumalKoilStreet: Rs 4,800 per sq.ft (2024)
• Kadappa Rangiah Street: Rs 8,800 per sq.ft (2024)
• Kanagarajan Mudaliar Thottam: Rs 2,700 per sq.ft (2024)
• Kandappa Lane: Rs 4,800 per sq.ft (2024)
• Kandappa Mudali street: Rs 6,000 per sq.ft (2024)
• Kandappa street: Rs 6,000 per sq.ft (2024)

Stamp duty and registration fee for property in Kalyanapuram

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000. Together, these costs would total Rs 2,43,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kalyanapuram?

Kalyanapuram falls under the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Vepery. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that all transactions are conducted transparently and fairly.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the costs associated with property registration. Understanding these values helps in making informed decisions during real estate transactions.

Frequently asked questions

What is the current guideline value of Kalyanapuram?

The current guideline value of Kalyanapuram is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, reflecting a total increase of 125% over the years.

What is the classification of land in Kalyanapuram?

Kalyanapuram is classified as Residential Class IV Type - I, indicating its designation for residential purposes within the area.

Where can I find the Sub Registrar Office for Kalyanapuram?

The Sub Registrar Office covering Kalyanapuram is located at 1103, Poonamallee High Road, Chennai-600 003.

How is stamp duty calculated for property in Kalyanapuram?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 27,00,000, the stamp duty at 7% would be Rs 1,89,000.