Guideline Value for Sri Kalikambal Avenue

Sri Kalikambal Avenue guideline value

The current guideline value of Sri Kalikambal Avenue is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Alamathi village under the Redhills SRO and is classified as Residential Class II Type - I.

How the guideline value of Sri Kalikambal Avenue has changed

The guideline value for Sri Kalikambal Avenue has seen significant changes over the years. In the 2017 revision, the value was Rs 335 per sq.ft, which increased to Rs 500 per sq.ft in the 2023 revision. The latest revision in 2024 has set the value at Rs 550 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. The 2024 figure of Rs 550 per sq.ft aligns with the median value of Rs 550 per sq.ft for the 54 streets in Alamathi under the Redhills SRO.

Guideline values in Alamathi

The guideline values for properties in Alamathi range from Rs 440 to Rs 1,100 per sq.ft, with the median value being Rs 550 per sq.ft. Sri Kalikambal Avenue's 2024 guideline value is equal to this median. Below are other streets in Alamathi with their respective guideline values:

• Sri Gomathi Amman Nagar: Rs 770 per sq.ft (2024)
• Sri Krishna Nagar: Rs 550 per sq.ft (2024)
• Sri Balaji Garden: Rs 550 per sq.ft (2024)
• Sri Ragavendra Modern Town: Rs 550 per sq.ft (2024)
• Sri Ram Modern City: Rs 990 per sq.ft (2024)
• Sri Ram Nagar: Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Kalikambal Avenue

For a 1,000 sq.ft plot at the current rate of Rs 550 per sq.ft, the guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, leading to a total of Rs 49,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Kalikambal Avenue?

The Sub Registrar Office that covers Sri Kalikambal Avenue is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process of property transactions in Alamathi. It determines the stamp duty and registration fees that need to be paid, ensuring that these costs are calculated based on an official valuation.

When buying or selling property, the guideline value helps establish a fair price for transactions. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sri Kalikambal Avenue?

The current guideline value of Sri Kalikambal Avenue is Rs 550 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 335 per sq.ft to Rs 550 per sq.ft in 2024, representing an overall increase of 64%.

What is the stamp duty rate for properties in Sri Kalikambal Avenue?

The stamp duty rate for properties in Sri Kalikambal Avenue is 7% of the guideline value or the sale price, whichever is higher.

Where is the Redhills Sub Registrar Office located?

The Redhills Sub Registrar Office is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

Are there any years without recorded guideline values for Sri Kalikambal Avenue?

Yes, there are no recorded guideline values for Sri Kalikambal Avenue in the years 2002, 2003, 2007, and 2012.