Guideline Value for Sri Kali Amman Nagar Extension

Sri Kali Amman Nagar Extension guideline value

The current guideline value of Sri Kali Amman Nagar Extension is Rs 1,980 per sq.ft, effective from 1 July 2024. This area is located in Mangadu -A village under the Kunrathur SRO, classified as Residential Special Type - III.

How the guideline value of Sri Kali Amman Nagar Extension has changed

The guideline value for Sri Kali Amman Nagar Extension has seen significant changes over the years. The 2017 revision set the value at Rs 1,206 per sq.ft, which increased to Rs 1,800 per sq.ft in the 2023 revision. The latest revision in 2024 has further raised the guideline value to Rs 1,980 per sq.ft, reflecting a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has risen by 64%.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street. This lack of data means we can only observe the changes from the revisions in 2017, 2023, and 2024.

Guideline values in Mangadu -A

In Mangadu -A, the guideline values vary across different streets, with a range from Rs 1,320 to Rs 3,300 per sq.ft as per the 2024 revision. The median value in this area is Rs 1,870 per sq.ft, positioning Sri Kali Amman Nagar Extension above this median.

• Sri Iyyappan Nagar: Rs 1,480 per sq.ft (2024)
• Sri Kamatchi Amman Nagar Annexe: Rs 2,200 per sq.ft (2024)
• Sri Kamatchi Amman Nagar Annexe II: Rs 2,200 per sq.ft (2024)
• Sri Kamatchi Avenue: Rs 2,200 per sq.ft (2024)
• Sri Guru Avenue: Rs 2,350 per sq.ft (2024)
• Sri Krishna Nagar: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Kali Amman Nagar Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, making the total cost for these fees Rs 1,78,200. It is essential to note that the duty is charged on the higher of the guideline value and the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Kali Amman Nagar Extension?

The Sub Registrar Office that covers Sri Kali Amman Nagar Extension is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For more details, you can find your SRO.

How the guideline value is used when you buy or sell in Mangadu -A

The guideline value is a critical factor when registering property transactions in Mangadu -A. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is used to ensure that the transaction is recorded at a fair value. This helps in maintaining transparency in property transactions and ensures that the appropriate taxes are collected by the government.

Frequently asked questions

What is the current guideline value of Sri Kali Amman Nagar Extension?

The current guideline value of Sri Kali Amman Nagar Extension is Rs 1,980 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 1,206 per sq.ft to Rs 1,980 per sq.ft in 2024, representing an overall increase of 64%.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in Sri Kali Amman Nagar Extension is 7% of the guideline value or the sale price, whichever is higher.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the median guideline value in Mangadu -A?

The median guideline value in Mangadu -A is Rs 1,870 per sq.ft, with Sri Kali Amman Nagar Extension's value being above this median.