Guideline Value for Kalyani Nagar Pooja Street

Kalyani Nagar Pooja Street guideline value

The current guideline value of Kalyani Nagar Pooja Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Kottivakkam village under the Adayar SRO, classified as Residential Class II Type - I.

How the guideline value of Kalyani Nagar Pooja Street has changed

The guideline value of Kalyani Nagar Pooja Street has seen several revisions over the years. The 2024 revision set the value at Rs 3,900 per sq.ft, an increase from Rs 3,500 per sq.ft in the 2023 revision, marking an increase of 11%. Prior to that, the 2017 revision recorded a value of Rs 2,345 per sq.ft, which means there was a significant increase of 49% from 2017 to 2023.

Looking further back, the 2012 revision also had a value of Rs 3,500 per sq.ft, indicating a decrease of 33% from the 2017 figure. The 2007 revision recorded a value of Rs 2,500 per sq.ft, which was a 40% increase from the 2002 and 2003 revisions, for which the register has no figure for this street. Overall, from 2007 to 2024, the guideline value has increased by 56%.

Guideline values in Kottivakkam

Kottivakkam village has a total of 284 streets under the Adayar SRO, with 2024 guideline values ranging from Rs 1,700 to Rs 8,500 per sq.ft. The median value is Rs 3,900 per sq.ft, which is the same as the guideline value for Kalyani Nagar Pooja Street.

• Kalyani Nagar, Raja Street: Rs 8,300 per sq.ft (2024)
• Kalyani Nagar Nimalan Street: Rs 4,400 per sq.ft (2024)
• Kalyani Nagar Rani Street: Rs 4,400 per sq.ft (2024)
• Kalyani Nagar Karthik 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 Pooja Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value would be Rs 39,00,000. The stamp duty at 7% would amount to Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total fees to Rs 3,51,000. 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 Pooja Street?

The Kalyani Nagar Pooja 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 crucial factor in the registration process for property transactions in Kottivakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, it's essential to be aware of the current guideline value, as it can influence negotiations and the final sale price. Buyers should ensure that the sale price is at least equal to or above the guideline value to avoid any legal issues during registration.

Frequently asked questions

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

The current guideline value of Kalyani Nagar Pooja Street is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2007 to Rs 3,900 per sq.ft in 2024, marking an overall increase of 56%.

What is the stamp duty rate for properties in Kalyani Nagar Pooja Street?

The stamp duty rate for properties in Kalyani Nagar Pooja Street is 7% of the guideline value or sale price, whichever is higher.

Which office handles property registrations for Kalyani Nagar Pooja Street?

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

What is the median guideline value for streets in Kottivakkam?

The median guideline value for streets in Kottivakkam is Rs 3,900 per sq.ft, which is the same as the guideline value for Kalyani Nagar Pooja Street.