Guideline Value for Kalyani Ammal Street

Kalyani Ammal Street guideline value

The current guideline value of Kalyani Ammal Street is Rs 4,000 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village, under the Ambattur SRO, and is classified as Residential Special Type - II.

How the guideline value of Kalyani Ammal Street has changed

The guideline value for Kalyani Ammal Street has undergone several revisions over the years. The 2012 revision set the value at Rs 3,700 per sq.ft, which was then reduced to Rs 2,479 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 3,700 per sq.ft, and the most recent 2024 revision has raised it to Rs 4,000 per sq.ft. Notably, there are no figures available for this street in the revisions from 2002, 2003, and 2007.

Between the revisions, the changes in guideline value per sq.ft were significant. The increase from 2017 to 2023 was 49%, followed by an 8% increase from 2023 to 2024. In contrast, the 2012 to 2017 revision saw a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 8%.

Guideline values in Ambattur

In Ambattur village, 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. The median value for these streets is Rs 3,600 per sq.ft, placing Kalyani Ammal Street above this median.

• Kalyanapurm 4th Street: Rs 2,200 per sq.ft (2024)
• Kalyanapurm 3rd Street: Rs 2,200 per sq.ft (2024)
• Kalyanapuram Mariamman Koil St.: Rs 2,200 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 Kalyani Ammal Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,000 per sq.ft, the total guideline value amounts to Rs 40,00,000. The stamp duty at 7% would be Rs 2,80,000, and the registration fee at 2% would be Rs 80,000, totaling Rs 3,60,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kalyani Ammal Street?

Kalyani Ammal Street falls under the jurisdiction of the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Ambattur. It serves as a benchmark for determining the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is referenced to ascertain the official value of the property. This value is essential for both the buyer and seller, as it impacts the overall costs associated with the transaction, including taxes and fees that must be paid at the time of registration.

Frequently asked questions

What is the current guideline value of Kalyani Ammal Street?

The current guideline value of Kalyani Ammal Street is Rs 4,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,700 per sq.ft in 2023 to Rs 4,000 per sq.ft in 2024, marking an increase of 8%. It was Rs 2,479 per sq.ft in 2017 and Rs 3,700 per sq.ft in 2012.

What is the land classification of Kalyani Ammal Street?

Kalyani Ammal Street is classified as Residential Special Type - II, indicating its designation for residential purposes within the Ambattur area.

What are the other guideline values in Ambattur?

In Ambattur, the guideline values for different streets range from Rs 1,400 to Rs 8,209 per sq.ft, with the median being Rs 3,600 per sq.ft. Kalyani Ammal Street's value is above this median.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 4,000 per sq.ft, the total costs would include a stamp duty of Rs 2,80,000 and a registration fee of Rs 80,000, totaling Rs 3,60,000.