Guideline Value for Dr. Kalaingar Street

Dr. Kalaingar Street guideline value

The current guideline value of Dr. Kalaingar Street is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Kunrathour-B village under the Kunrathur SRO and is classified as Mixed Special Type - III.

How the guideline value of Dr. Kalaingar Street has changed

In the 2017 revision, the guideline value for Dr. Kalaingar Street was Rs 1,072 per sq.ft. This increased to Rs 1,600 per sq.ft in the 2023 revision, marking a significant rise of 49%. The current figure of Rs 1,760 per sq.ft represents a further increase of 10% from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has risen by 64%. It is important to note that the register has no figures for Dr. Kalaingar Street for the years 2002, 2003, 2007, and 2012.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 660 to Rs 5,130 per sq.ft. The median guideline value in this area is Rs 1,540 per sq.ft, placing Dr. Kalaingar Street's 2024 value above this median.

• Dr. M.G.R. Street: Rs 1,760 per sq.ft (2024)
• Dr. Ambedkar Street: Rs 1,760 per sq.ft (2024)
• Devi Nagar & Extensions: Rs 2,420 per sq.ft (2024)
• Devi Nagar 4th Street: Rs 2,420 per sq.ft (2024)
• Devi Nagar 3rd Street: Rs 2,420 per sq.ft (2024)
• Devi Nagar 2nd Street: Rs 2,420 per sq.ft (2024)

Stamp duty and registration fee for property in Dr. Kalaingar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value would be Rs 17,60,000. The stamp duty at 7% would amount to Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, resulting in a total of Rs 1,58,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dr. Kalaingar Street?

The Sub Registrar Office that covers Dr. Kalaingar Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kunrathour-B

The guideline value is a crucial factor in the registration of property transactions in Kunrathour-B. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for assessing the transaction price. Buyers and sellers must be aware of the current guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Dr. Kalaingar Street?

The current guideline value of Dr. Kalaingar Street is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 1,072 per sq.ft to Rs 1,760 per sq.ft in 2024, reflecting an overall increase of 64% over this period.

What is the median guideline value in Kunrathour-B?

The median guideline value in Kunrathour-B is Rs 1,540 per sq.ft, which is below the current value of Dr. Kalaingar Street.

What are the stamp duty and registration fees for properties in Dr. Kalaingar Street?

For a 1,000 sq.ft property, the total guideline value is Rs 17,60,000, resulting in a stamp duty of Rs 1,23,200 and a registration fee of Rs 35,200, totaling Rs 1,58,400.

Which office handles property registrations for Dr. Kalaingar Street?

The Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069, handles property registrations for Dr. Kalaingar Street.