Guideline Value for Kalyani Industrial Estate

Kalyani Industrial Estate guideline value

The current guideline value of Kalyani Industrial Estate is Rs 3,601 per sq.ft, effective from 1 July 2024. This estate is located in 5. Athipattu village under the Konnur SRO, classified as Industries Type - II.

How the guideline value of Kalyani Industrial Estate has changed

The guideline value for Kalyani Industrial Estate has seen significant changes over the years. The 2017 revision recorded a guideline value of Rs 1,675 per sq.ft, which increased to Rs 2,500 per sq.ft in 2023. The current 2024 revision shows a further increase to Rs 3,601 per sq.ft, marking a 44% rise from 2023 to 2024.

From 2017 to 2023, the increase was 49%, and overall, from 2017 to 2024, the guideline value has risen by 115%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in 5. Athipattu

In 5. Athipattu, there are 119 streets under the Konnur SRO, with guideline values ranging from Rs 1,100 to Rs 7,650 per sq.ft. The median guideline value in this village is Rs 2,200 per sq.ft, placing Kalyani Industrial Estate's 2024 figure above that median.

• Kalidasan Street(Chelliamman nagar): Rs 2,200 per sq.ft (2024)
• Kalayanasundaram Street: Rs 2,200 per sq.ft (2024)
• Kalaivanar Nagar: Rs 2,200 per sq.ft (2024)
• J R Castle Town Phase -II: Rs 1,400 per sq.ft (2024)
• J R Castle Town: Rs 1,400 per sq.ft (2024)
• Jeswanth Nagar: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Kalyani Industrial Estate

For a 1,000 sq.ft plot at the current guideline value of Rs 3,601 per sq.ft, the total guideline value amounts to Rs 36,01,000. The stamp duty at 7% would be Rs 2,52,070, and the registration fee at 2% would be Rs 72,020. Together, the total cost for stamp duty and registration fees would be Rs 3,24,090. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kalyani Industrial Estate?

The Kalyani Industrial Estate falls under the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. To find your specific SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in 5. Athipattu

The guideline value is a crucial factor during property registration in 5. Athipattu. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value as per the government regulations.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kalyani Industrial Estate?

The current guideline value of Kalyani Industrial Estate is Rs 3,601 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 1,675 per sq.ft in 2017 to Rs 3,601 per sq.ft in 2024, marking an overall increase of 115%.

What is the median guideline value in 5. Athipattu?

The median guideline value in 5. Athipattu is Rs 2,200 per sq.ft, which is below the current guideline value of Kalyani Industrial Estate.

What are the stamp duty rates for properties in Kalyani Industrial Estate?

The stamp duty rate for properties in Kalyani Industrial Estate is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Kalyani Industrial Estate?

The Kalyani Industrial Estate is covered by the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.