Guideline Value for Kalyaniamman Street

Kalyaniamman Street guideline value

The current guideline value of Kalyaniamman Street is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village under the Ambattur SRO, classified as Residential Class II Type - I.

How the guideline value of Kalyaniamman Street has changed

The guideline value for Kalyaniamman Street has seen several revisions over the years. In 2007, the value was Rs 400 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012. However, it decreased to Rs 1,005 per sq.ft in 2017. The value then rose to Rs 1,500 per sq.ft in 2023, and currently stands at Rs 1,600 per sq.ft as of the 2024 revision, marking a 7% increase from the previous year.

Notably, the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 300%, reflecting the changes in the local real estate landscape.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 3,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. Kalyaniamman Street's 2024 figure of Rs 1,600 per sq.ft is below this median.

• Kamagodi Street: Rs 2,400 per sq.ft (2024)
• Kamakodi Extn 1st Cross Street: Rs 2,400 per sq.ft (2024)
• Kamalapuram Colony: Rs 2,400 per sq.ft (2024)
• Kalaivanar Street: Rs 1,300 per sq.ft (2024)
• Kalaivanar Cross Street: Rs 1,300 per sq.ft (2024)
• Kamarajar St (maruthi Nagar): Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kalyaniamman Street

For a 1,000 sq.ft plot at the current rate of Rs 1,600 per sq.ft, the guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, totaling Rs 1,44,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kalyaniamman Street?

Kalyaniamman Street falls under the jurisdiction of the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Oragadam. It serves as a benchmark for determining the minimum value of a property, ensuring that the transaction is recorded at a fair value as per government regulations.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees, which are essential for the legal transfer of ownership. This ensures transparency and compliance with local laws during property transactions.

Frequently asked questions

What is the current guideline value of Kalyaniamman Street?

The current guideline value of Kalyaniamman Street is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 1,600 per sq.ft in 2024, marking an overall increase of 300% over the years.

What is the land classification for Kalyaniamman Street?

Kalyaniamman Street is classified as Residential Class II Type - I, which indicates its suitability for residential purposes.

What are the stamp duty and registration fees for property in Kalyaniamman Street?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 1,44,000, based on the current guideline value.

Which office handles registrations for Kalyaniamman Street?

The Ambattur Sub Registrar Office handles registrations for Kalyaniamman Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.