Guideline Value for Kalyani Nagar Karthik Street

Kalyani Nagar Karthik Street guideline value

The current guideline value of Kalyani Nagar Karthik Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Kottivakkam village and falls under the Adayar SRO with a land classification of Residential Class I Type - I.

How the guideline value of Kalyani Nagar Karthik Street has changed

The guideline value for Kalyani Nagar Karthik Street has seen several revisions over the years. In 2012, the guideline value was Rs 4,000 per sq.ft, which decreased to Rs 2,680 per sq.ft in 2017. Following this, the value rose significantly to Rs 4,000 per sq.ft in 2023 and further increased to the current rate of Rs 4,400 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%, while the drop from 2012 to 2017 was 33%. Overall, the guideline value has increased by 10% from 2012 to 2024. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kottivakkam

Kottivakkam village has a total of 284 streets under the Adayar SRO with guideline values ranging from Rs 1,700 to Rs 8,500 per sq.ft. The median guideline value for these streets is Rs 3,900 per sq.ft, placing Kalyani Nagar Karthik Street's 2024 figure above that median.

• Kalyani Nagar Nimalan Street: Rs 4,400 per sq.ft (2024)
• Kalyani Nagar Pooja Street: Rs 3,900 per sq.ft (2024)
• Kalyani Nagar, Raja Street: Rs 8,300 per sq.ft (2024)
• Kalyani Nagar Rani Street: Rs 4,400 per sq.ft (2024)
• Kalki Nagar: Rs 3,900 per sq.ft (2024)
• Kalathu Mettu Street (Main Road): Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kalyani Nagar Karthik Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total cost for these fees to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kalyani Nagar Karthik Street?

The Kalyani Nagar Karthik Street falls under the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Kottivakkam, as it determines the minimum value at which a property can be registered. Buyers and sellers should be aware that the guideline value is used to calculate stamp duty and registration fees, which are essential components of the property transfer process.

When purchasing property, it is advisable to check the latest guideline value to ensure compliance with registration requirements. The guideline value serves as a benchmark for both buyers and sellers, providing a reference point for property transactions.

Frequently asked questions

What is the current guideline value of Kalyani Nagar Karthik Street?

The current guideline value of Kalyani Nagar Karthik Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,000 per sq.ft in 2012 to Rs 2,680 per sq.ft in 2017, then rose to Rs 4,000 per sq.ft in 2023, and is currently Rs 4,400 per sq.ft in 2024.

What are the stamp duty and registration fees for properties here?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which office handles registrations for Kalyani Nagar Karthik Street?

The Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20, handles registrations for Kalyani Nagar Karthik Street.

What is the median guideline value in Kottivakkam?

The median guideline value for streets in Kottivakkam is Rs 3,900 per sq.ft, making Kalyani Nagar Karthik Street's value above this median.