Guideline Value for Kalyani garden

Kalyani garden guideline value

The current guideline value of Kalyani garden is Rs 990 per sq.ft, effective from 1 July 2024. This area is located in Mannivakkam village under the Gooduvancheri SRO and is classified as Residential Special Type - II.

How the guideline value of Kalyani garden has changed

The guideline value for Kalyani garden has undergone several revisions over the years. The earliest recorded value in 2017 was Rs 603 per sq.ft. This increased to Rs 900 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 set the guideline value at Rs 990 per sq.ft, reflecting a further increase of 10% from the previous year.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Mannivakkam

Mannivakkam village has a total of 118 streets under the Gooduvancheri SRO that carry a 2024 guideline value, ranging from Rs 330 to Rs 4,300 per sq.ft. The median value for these streets is Rs 1,215 per sq.ft, making Kalyani garden's 2024 figure below that median.

• Kalaiyarasi Garden: Rs 990 per sq.ft (2024)
• Kalaivanar Nagar: Rs 990 per sq.ft (2024)
• Kalaignar Street: Rs 1,320 per sq.ft (2024)
• Kanimozhi Aravindan Nagar: Rs 1,320 per sq.ft (2024)
• Jothiram Avenue: Rs 990 per sq.ft (2024)
• Kannagi Street: Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Kalyani garden

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value would be Rs 9,90,000. The stamp duty at 7% would amount to Rs 69,300, while the registration fee at 2% would be Rs 19,800, bringing the total cost for these fees to Rs 89,100. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kalyani garden?

The Kalyani garden area falls under the jurisdiction of the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Mannivakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a property transaction occurs, the guideline value is compared with the sale price. The higher of the two values is used to calculate the stamp duty and registration fees, ensuring that the transaction is conducted fairly and transparently.

Frequently asked questions

What is the current guideline value of Kalyani garden?

The current guideline value of Kalyani garden is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 603 per sq.ft in 2017 to Rs 900 per sq.ft in 2023, and then to Rs 990 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

What is the land classification of Kalyani garden?

Kalyani garden is classified as Residential Special Type - II. This classification affects the guideline value and potential uses of the land.

Where can I find the Sub Registrar Office for Kalyani garden?

The Gooduvancheri Sub Registrar Office covers Kalyani garden, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is the stamp duty calculated for property in Kalyani garden?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 9,90,000, the stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800.