Guideline Value for SRI KALIKAMBAL NAGAR

Sri Kalikambal Nagar guideline value

The current guideline value of Sri Kalikambal Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Thirupalaivanam 1 village under the Ponneri Sub Registrar Office (SRO). The land classification for this street is Residential Class II Type - I.

How the guideline value of Sri Kalikambal Nagar has changed

The guideline value for Sri Kalikambal Nagar has undergone several revisions. The earliest recorded figure is from 2017, where it was Rs 134 per sq.ft. This value increased by 49% to Rs 200 per sq.ft in the 2023 revision, and it remained the same in the 2024 revision, showing no percentage change. The revisions from 2002, 2003, 2007, and 2012 have no figures available in the register for this street.

From the 2017 revision to the 2024 revision, the overall change is also +49%. This indicates a significant increase in the guideline value over the years, particularly between 2017 and 2023, where the value jumped from Rs 134 to Rs 200 per sq.ft.

Guideline values in Thirupalaivanam 1

In Thirupalaivanam 1, there are 9 streets under the Ponneri SRO that carry a 2024 guideline value. The current figure for Sri Kalikambal Nagar is equal to the median value of Rs 200 per sq.ft for these streets.

• Sai City Phase-I: Rs 200 per sq.ft (2024)
• Nithyasri Nagar Project I,II: Rs 200 per sq.ft (2024)
• Mecca Garden: Rs 200 per sq.ft (2024)
• Makkah Garden: Rs 200 per sq.ft (2024)
• Kamatchi Amman Nagar Annex-III: Rs 200 per sq.ft (2024)
• Farzana Garden: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Kalikambal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total fees to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Kalikambal Nagar?

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

How the guideline value is used when you buy or sell in Thirupalaivanam 1

The guideline value is a crucial factor in the registration process when buying or selling property in Thirupalaivanam 1. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the sale price or the guideline value, whichever is higher, is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Sri Kalikambal Nagar?

The current guideline value of Sri Kalikambal Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in both the 2023 and 2024 revisions, reflecting a 49% increase over this period.

What is the land classification for Sri Kalikambal Nagar?

Sri Kalikambal Nagar is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the Ponneri Sub Registrar Office?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. This office handles all registrations for properties in the area.

How is the stamp duty calculated for properties in Sri Kalikambal Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 at 7%.