Guideline Value for SRI KALIGAMBAL NAGAR

Sri Kaligambal Nagar guideline value

The current guideline value of Sri Kaligambal Nagar is Rs 100 per sq.ft, effective from 1 July 2024. This area falls under Kolur village and is governed by the Ponneri SRO. The land classification for this locality is Residential Class II Type - I.

How the guideline value of Sri Kaligambal Nagar has changed

The guideline value of Sri Kaligambal Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 67 per sq.ft, which remained unchanged in the 2023 revision. However, the 2024 revision has increased the guideline value to Rs 100 per sq.ft, marking a 49% increase from the 2017 revision.

From 2023 to 2024, there has been no change in the guideline value, remaining at Rs 100 per sq.ft. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kolur

In Kolur, the guideline value for Sri Kaligambal Nagar is currently Rs 100 per sq.ft. The following are the other streets in Kolur under the Ponneri SRO:

• Sri Annai Kaleeshwari Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Kaligambal Nagar

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total to Rs 9,000. Please note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Kaligambal Nagar?

The Sub Registrar Office that covers Sri Kaligambal Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during the registration of property transactions in Kolur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When buying or selling property, the guideline value helps determine the minimum value on which the stamp duty is calculated. This ensures that both buyers and sellers are aware of the financial implications of the property transaction based on the established guideline values.

Frequently asked questions

What is the current guideline value of Sri Kaligambal Nagar?

The current guideline value of Sri Kaligambal Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 67 per sq.ft in 2017 to Rs 100 per sq.ft in 2024, which is a 49% increase. There was no change from 2023 to 2024.

Where can I find the registration office for Sri Kaligambal Nagar?

The registration office for Sri Kaligambal Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

What are the stamp duty and registration fees for a property in Sri Kaligambal Nagar?

For a property valued at Rs 1,00,000, the stamp duty would be Rs 7,000 and the registration fee would be Rs 2,000, totaling Rs 9,000. These fees are based on the guideline value.

Are there other streets with the same guideline value in Kolur?

Yes, other streets in Kolur, such as Sri Annai Kaleeshwari Nagar, also have a guideline value of Rs 100 per sq.ft as of 2024.