Guideline Value for SRI KALIGAMBAL NAGAR EXT

Sri Kaligambal Nagar Ext guideline value

The current guideline value of Sri Kaligambal Nagar Ext is Rs 330 per sq.ft, effective from 1 July 2024. This street is located in Melsingilimedu village, under the Thiruvottiyur SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Sri Kaligambal Nagar Ext has changed

The guideline value for Sri Kaligambal Nagar Ext has undergone several revisions over the years. In 2012, the guideline value was Rs 300 per sq.ft, which decreased to Rs 201 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 300 per sq.ft. The most recent revision in 2024 set the guideline value at Rs 330 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Melsingilimedu

In Melsingilimedu, there are 14 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 880 per sq.ft, with a median value of Rs 330 per sq.ft. Sri Kaligambal Nagar Ext's 2024 figure aligns with this median.

• Sri Kaligambal Nagar: Rs 330 per sq.ft (2024)
• Sri Kaligambal Avenue: Rs 330 per sq.ft (2024)
• Sri Lakshmi Amman Nagar: Rs 330 per sq.ft (2024)
• Thippu Jayanthi Avenue: Rs 880 per sq.ft (2024)
• Thippu Jayanthi Nagar: Rs 330 per sq.ft (2024)
• Thippu Jayanthi Nagar (2): Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Kaligambal Nagar Ext

For a 1,000 sq.ft plot at the current rate of Rs 330 per sq.ft, the guideline value would be Rs 3,30,000. The stamp duty at 7% would amount to Rs 23,100, and the registration fee at 2% would be Rs 6,600, totaling Rs 29,700. 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 Sri Kaligambal Nagar Ext?

The Sub Registrar Office that covers Sri Kaligambal Nagar Ext is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Melsingilimedu. It determines the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue from transactions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Sri Kaligambal Nagar Ext?

The current guideline value of Sri Kaligambal Nagar Ext is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, then increased to Rs 300 per sq.ft in 2023, and finally to Rs 330 per sq.ft in 2024.

What are the other streets with guideline values in Melsingilimedu?

Other streets in Melsingilimedu include Sri Kaligambal Avenue, Sri Lakshmi Amman Nagar, Thippu Jayanthi Avenue, Thippu Jayanthi Nagar, and Thippu Jayanthi Nagar (2), all with varying guideline values.

What is the registration fee for property in Sri Kaligambal Nagar Ext?

The registration fee for property in Sri Kaligambal Nagar Ext is 2% of the guideline value, which is Rs 6,600 for a 1,000 sq.ft plot valued at Rs 3,30,000.

Where is the Sub Registrar Office located for this area?

The Sub Registrar Office covering Sri Kaligambal Nagar Ext is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.