Guideline Value for Kalyanapurm 3rd Street

Kalyanapurm 3rd Street guideline value

The current guideline value of Kalyanapurm 3rd 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 Kalyanapurm 3rd Street has changed

The guideline value for Kalyanapurm 3rd Street has seen several revisions over the years. In 2012, the guideline value was Rs 2,000 per sq.ft. This decreased to Rs 1,340 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 2,000 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 set the guideline value at Rs 2,200 per sq.ft, which is a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for Kalyanapurm 3rd Street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,400 to Rs 8,209 per sq.ft, with a median value of Rs 3,600 per sq.ft. Kalyanapurm 3rd Street's 2024 guideline value is below this median.

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

Stamp duty and registration fee for property in Kalyanapurm 3rd 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 to Rs 1,98,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kalyanapurm 3rd Street?

The Kalyanapurm 3rd 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 an essential factor when registering a property in Ambattur. It determines the minimum value at which the property can be registered, ensuring that the transaction is documented at a fair price according to the local regulations.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of ownership. This ensures transparency and compliance with the property laws in Tamil Nadu.

Frequently asked questions

What is the current guideline value of Kalyanapurm 3rd Street?

The current guideline value of Kalyanapurm 3rd 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 2012 to Rs 1,340 per sq.ft in 2017, then back to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification for Kalyanapurm 3rd Street?

Kalyanapurm 3rd Street is classified as Residential Class IV Type - I.

Where can I find the Sub Registrar Office for Kalyanapurm 3rd Street?

The Sub Registrar Office covering Kalyanapurm 3rd Street is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Kalyanapurm 3rd Street?

The stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 22,00,000 would incur a stamp duty of Rs 1,54,000 at 7%.