Guideline Value for East Kalmandapam Road

East Kalmandapam Road guideline value

The current guideline value of East Kalmandapam Road is Rs 3,800 per sq.ft, effective from 1 July 2024. This road is located in Tondaiarpet village under the Royapuram SRO, and the land classification is Commercial Class I Type - I.

How the guideline value of East Kalmandapam Road has changed

Since the 2007 revision, the guideline value for East Kalmandapam Road has seen significant changes. In 2007, the value was Rs 1,200 per sq.ft, which increased to Rs 3,500 per sq.ft in 2012. However, it then decreased to Rs 2,345 per sq.ft in 2017. The 2023 revision set the value at Rs 3,500 per sq.ft, and the most recent revision in 2024 raised it to Rs 3,800 per sq.ft, marking a 9% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 217%. The revisions for the years 2002 and 2003 do not have figures listed for this street.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO, with 2024 guideline values ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median value for these streets is Rs 1,600 per sq.ft, which means East Kalmandapam Road's 2024 value is above that median.

• East Muthaiah Street: Rs 1,300 per sq.ft (2024)
• Durgadevi Nagar 6th Steet: Rs 1,300 per sq.ft (2024)
• Durgadevi Nagar 5th Street: Rs 1,300 per sq.ft (2024)
• Durga Devi Nagar 4th cross Street: Rs 1,300 per sq.ft (2024)
• Durga Devi Nagar 3rd cross Street: Rs 1,300 per sq.ft (2024)
• Durga Devi Nagar 2nd Cross Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in East Kalmandapam Road

For a 1,000 sq.ft plot at the current rate of Rs 3,800 per sq.ft, the guideline value amounts to Rs 38,00,000. The stamp duty at 7% would be Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, making the total Rs 3,42,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers East Kalmandapam Road?

The Sub Registrar Office that covers East Kalmandapam Road is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Tondaiarpet. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the guideline value serves as a benchmark for calculating the applicable fees, ensuring that the transaction is recorded accurately with the local authorities.

Frequently asked questions

What is the current guideline value of East Kalmandapam Road?

The current guideline value of East Kalmandapam Road is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,200 per sq.ft in 2007 to Rs 3,800 per sq.ft in 2024, showing a significant overall increase of 217% over the years.

What are the stamp duty and registration fees for properties on this road?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 38,00,000, the total fees would amount to Rs 3,42,000.

Which office handles the registration for East Kalmandapam Road?

The Royapuram Sub Registrar Office handles registrations for East Kalmandapam Road, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

What is the median guideline value for streets in Tondaiarpet?

The median guideline value for streets in Tondaiarpet is Rs 1,600 per sq.ft, with East Kalmandapam Road's value being above this median.