Guideline Value for kalyanapuram 1st Street

kalyanapuram 1st Street guideline value

The current guideline value of Kalyanapuram 1st Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village, under the Ambattur SRO, and is classified as Residential Class IV Type - I.

How the guideline value of kalyanapuram 1st Street has changed

The guideline value for Kalyanapuram 1st Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which was then reduced to Rs 1,340 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 2,000 per sq.ft, and the current 2024 revision has set it at Rs 2,200 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007.

From the 2012 revision to the 2017 revision, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The overall change from 2012 to 2024 shows a 10% increase, reflecting the current guideline value.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 1,400 to Rs 8,209 per sq.ft. The median value for these streets is Rs 3,600 per sq.ft, indicating that Kalyanapuram 1st Street's 2024 figure is below this median.

• Kalyanapuram 2nd Street: Rs 2,200 per sq.ft (2024)
• Kalyanapuram Mariamman Koil St.: Rs 2,200 per sq.ft (2024)
• Kalyanapurm 3rd Street: Rs 2,200 per sq.ft (2024)
• Kalyanapurm 4th Street: Rs 2,200 per sq.ft (2024)
• Kalyani Ammal Street: Rs 4,000 per sq.ft (2024)
• Kallikuppam road 15th Street(lane): Rs 3,600 per sq.ft (2024)

Stamp duty and registration fee for property in kalyanapuram 1st Street

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. It is important 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 kalyanapuram 1st Street?

The Kalyanapuram 1st Street falls under the jurisdiction of 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 details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ambattur. It serves as a benchmark for determining the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees applicable to the transaction.

When a property is sold, the buyer must pay the stamp duty based on the higher of the guideline value or the sale price. 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 Kalyanapuram 1st Street?

The current guideline value of Kalyanapuram 1st Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then increased to Rs 2,000 per sq.ft in 2023, and currently stands at Rs 2,200 per sq.ft in 2024.

What is the stamp duty rate for properties in Kalyanapuram 1st Street?

The stamp duty rate for properties in Kalyanapuram 1st Street is 7% of the guideline value or the sale price, whichever is higher.

Which office handles property registrations in Ambattur?

The Ambattur Sub Registrar Office handles property registrations in Ambattur, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone.

What is the median guideline value for streets in Ambattur?

The median guideline value for streets in Ambattur is Rs 3,600 per sq.ft, indicating that Kalyanapuram 1st Street's 2024 value is below this median.