Guideline Value for Kalyani Nagar Nimalan Street

Kalyani Nagar Nimalan Street guideline value

The current guideline value of Kalyani Nagar Nimalan Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Kottivakkam village under the Adayar SRO, classified as Residential Class I Type - I.

How the guideline value of Kalyani Nagar Nimalan Street has changed

The guideline value for Kalyani Nagar Nimalan Street has seen several revisions over the years. In 2007, the value was Rs 3,000 per sq.ft, which increased to Rs 4,000 per sq.ft in 2012. However, it then decreased to Rs 2,680 per sq.ft in 2017. The value rose significantly to Rs 4,000 per sq.ft in 2023, and the latest revision in 2024 has set the value at Rs 4,400 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. The overall change from 2007 to 2024 reflects an increase of 47%. Notably, there are no figures available for the years 2002 and 2003 in the register 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 the village is Rs 3,900 per sq.ft, placing Kalyani Nagar Nimalan Street above this median with its 2024 figure of Rs 4,400 per sq.ft.

• Kalyani Nagar Karthik 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 Nimalan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, resulting in a total fee of Rs 3,96,000. It is important to 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 Kalyani Nagar Nimalan Street?

Kalyani Nagar Nimalan Street falls under the jurisdiction of 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 the registration process for property transactions in Kottivakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency in property dealings.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees, which are based on this value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of Kalyani Nagar Nimalan 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 3,000 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 47% over the years.

What is the median guideline value in Kottivakkam?

The median guideline value in Kottivakkam is Rs 3,900 per sq.ft, with Kalyani Nagar Nimalan Street's value being above this median.

What are the stamp duty and registration fees for properties in this area?

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 the registration for Kalyani Nagar Nimalan Street?

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