Guideline Value for Kalyani Nagar Rani Street

Kalyani Nagar Rani Street guideline value

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

How the guideline value of Kalyani Nagar Rani Street has changed

The guideline value for Kalyani Nagar Rani Street has seen several revisions over the years. The 2012 revision set the value at Rs 4,000 per sq.ft, which was later revised to Rs 2,680 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, the value increased by 49% to reach Rs 4,000 per sq.ft. The most recent 2024 revision increased this figure to Rs 4,400 per sq.ft, reflecting a 10% rise from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for Kalyani Nagar Rani Street in the register. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Kottivakkam

In Kottivakkam, there are 284 streets under the Adayar SRO that carry a 2024 guideline value, ranging from Rs 1,700 to Rs 8,500 per sq.ft. The median value for these streets is Rs 3,900 per sq.ft, placing Kalyani Nagar Rani Street above this median.

• Kalyani Nagar, Raja Street: Rs 8,300 per sq.ft (2024)
• Kalyani Nagar Pooja Street: Rs 3,900 per sq.ft (2024)
• Kalyani Nagar Nimalan 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 Rani Street

For a 1,000 sq.ft plot at the current rate, the guideline value is 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, bringing the total to Rs 3,96,000. It is important to note that 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 Nagar Rani Street?

The Kalyani Nagar Rani Street falls under the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kottivakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property registration.

When a property is sold, the guideline value is used to calculate the applicable charges, ensuring that both the buyer and seller are aware of the financial obligations involved in the transaction. This helps maintain transparency and compliance with local regulations.

Frequently asked questions

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

The current guideline value of Kalyani Nagar Rani 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 2023 to Rs 4,400 per sq.ft in 2024, marking a 10% increase. It was Rs 2,680 per sq.ft in 2017 and Rs 4,000 per sq.ft in 2012.

What is the land classification for Kalyani Nagar Rani Street?

Kalyani Nagar Rani Street is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for this area?

The Adayar Sub Registrar Office covers Kalyani Nagar Rani Street and is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is the stamp duty calculated for properties in Kalyani Nagar Rani Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 44,00,000 would incur a stamp duty of Rs 3,08,000 at a rate of 7%.