Guideline Value for KALAIGNAR STREET

Kalaignar Street guideline value

The current guideline value of Kalaignar Street in Jelandianpettai village is Rs 1,870 per sq.ft, effective from 1 July 2024. This street falls under the Chennai South Joint I SRO and is classified as Residential Class III Type - I.

How the guideline value of Kalaignar Street has changed

In the 2012 revision, the guideline value was Rs 1,700 per sq.ft. This value remained unchanged until the 2017 revision, which saw a decrease to Rs 1,139 per sq.ft. However, from 2017 to 2023, the guideline value increased significantly to Rs 1,700 per sq.ft, followed by a further increase to Rs 1,870 per sq.ft in the 2024 revision, marking a 10% rise from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 10%. The revisions for the years 2002, 2003, and 2007 do not have any figures recorded for this street.

Guideline values in Jelandianpettai

In Jelandianpettai, there are 248 streets under the Chennai South Joint I SRO with a 2024 guideline value ranging from Rs 1,320 to Rs 7,500 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, indicating that the guideline value for Kalaignar Street is below this median.

• Kalaivanar Salai: Rs 2,200 per sq.ft (2024)
• Kakkanji Street: Rs 2,200 per sq.ft (2024)
• Kalaivanar Street: Rs 2,200 per sq.ft (2024)
• Kamarajar Street: Rs 2,200 per sq.ft (2024)
• Jeyanthi Natarajan Street: Rs 2,200 per sq.ft (2024)
• Kambar Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Kalaignar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,870 per sq.ft, the total guideline value would be Rs 18,70,000. The stamp duty at 7% would be Rs 1,30,900, and the registration fee at 2% would be Rs 37,400, bringing the total to Rs 1,68,300. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Kalaignar Street?

Kalaignar Street is covered by the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Jelandianpettai. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property in the area.

When a property transaction occurs, the guideline value serves as a benchmark for the minimum value at which the property can be registered. This ensures that the registration fees are based on a standardized value, providing consistency in property transactions.

Frequently asked questions

What is the current guideline value of Kalaignar Street?

The current guideline value of Kalaignar Street is Rs 1,870 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,700 per sq.ft in 2012 to Rs 1,139 per sq.ft in 2017, then increased to Rs 1,700 per sq.ft in 2023, and finally to Rs 1,870 per sq.ft in 2024.

What are the guideline values of other streets in Jelandianpettai?

Other streets in Jelandianpettai have a guideline value of Rs 2,200 per sq.ft in 2024, including Kalaivanar Salai, Kakkanji Street, Kalaivanar Street, Kamarajar Street, Jeyanthi Natarajan Street, and Kambar Street.

Where can I find the Sub Registrar Office for Kalaignar Street?

The Sub Registrar Office covering Kalaignar Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

How is the stamp duty calculated for properties in Kalaignar Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a total guideline value of Rs 18,70,000, leading to a stamp duty of Rs 1,30,900.