Guideline Value for Sri Kalikambal Nagar

Sri Kalikambal Nagar guideline value

The current guideline value of Sri Kalikambal Nagar is Rs 1,900 per sq.ft, effective from 1 July 2024. This area is located in Thirumullaivoyal village, under the Ambattur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Sri Kalikambal Nagar has changed

The guideline value of Sri Kalikambal Nagar has undergone several revisions over the years. The earliest recorded figure is from 2002, which was Rs 102 per sq.ft. This value increased to Rs 125 per sq.ft in 2003, marking a change of +23%. The value then rose significantly to Rs 200 per sq.ft in 2007, reflecting a +60% increase. By 2012, the guideline value reached Rs 1,800 per sq.ft, a substantial jump of +800% from the previous figure.

In the latest revision for 2024, the guideline value stands at Rs 1,900 per sq.ft, showing an increase of +6% from the 2012 figure. It is important to note that the register has no figures for the years 2017 and 2023 for this street.

Guideline values in Thirumullaivoyal

Thirumullaivoyal has a total of 975 streets under the Ambattur SRO that carry a guideline value for 2024, ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,400 per sq.ft, and Sri Kalikambal Nagar's 2024 figure is below this median.

• Sri Kamalammal Garden(senthil nagar): Rs 2,700 per sq.ft (2024)
• Sri Karuvi Andavar Nagar: Rs 1,900 per sq.ft (2024)
• Sri Krishna Garden(senthil nagar): Rs 2,700 per sq.ft (2024)
• Sri Duraiswamy Mudaliar Avenue Phase I & II: Rs 1,200 per sq.ft (2024)
• Sri Devi Vaishnavi Nagar (L Street): Rs 2,700 per sq.ft (2024)
• Sri Devi Vaishnavi Nagar (K Street): Rs 2,700 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 rate of Rs 1,900 per sq.ft, the guideline value amounts to Rs 19,00,000. The stamp duty at 7% would be Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, bringing the total to Rs 1,71,000. 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 Kalikambal Nagar?

The Sub Registrar Office that covers Sri Kalikambal Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Thirumullaivoyal. It is used to determine the stamp duty and registration fees applicable when a property is bought or sold. Buyers and sellers must be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value is essential for anyone looking to engage in property transactions, as it ensures compliance with local regulations and helps in accurately estimating the costs involved in the buying or selling process.

Frequently asked questions

What is the current guideline value of Sri Kalikambal Nagar?

The current guideline value of Sri Kalikambal Nagar is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 102 per sq.ft in 2002 to Rs 1,900 per sq.ft in 2024, reflecting an overall increase of +1763% over the years.

Are there any years with no guideline value for Sri Kalikambal Nagar?

Yes, the register has no figures for the years 2017 and 2023 for Sri Kalikambal Nagar.

What is the median guideline value for streets in Thirumullaivoyal?

The median guideline value for streets in Thirumullaivoyal is Rs 2,400 per sq.ft, with Sri Kalikambal Nagar's 2024 figure being below this median.

Where can I find the Sub Registrar Office for Sri Kalikambal Nagar?

The Sub Registrar Office for Sri Kalikambal Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.