Guideline Value for KALAIGNAR ST

Kalaignar St guideline value

The current guideline value of Kalaignar St in Paleripattu village, under the Avadi SRO, is Rs 990 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - I land classification.

How the guideline value of Kalaignar St has changed

The guideline value for Kalaignar St has undergone several revisions over the years. The earliest recorded revision was in 2012, where the value was Rs 900 per sq.ft. This figure remained unchanged until the next revision in 2017, which saw a decrease to Rs 603 per sq.ft. However, from 2017 to 2023, the value increased significantly to Rs 900 per sq.ft, marking a 49% rise. The most recent revision in 2024 set the guideline value at Rs 990 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in the years 2002, 2003, and 2007 for this street.

Guideline values in Paleripattu

Paleripattu village has 111 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 801 to Rs 4,200 per sq.ft. The median value among these streets is Rs 990 per sq.ft, which is equal to the current guideline value of Kalaignar St.

• Kamaraj Nagar: Rs 1,980 per sq.ft (2024)
• Kamaraj Nagar 10th St: Rs 1,980 per sq.ft (2024)
• Kamaraj Nagar 1st St: Rs 1,980 per sq.ft (2024)
• Kamaraj Nagar 2nd St: Rs 1,980 per sq.ft (2024)
• Kamaraj Nagar 3rd St: Rs 1,980 per sq.ft (2024)
• Kamaraj Nagar 4th St: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Kalaignar St

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value amounts to Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800, bringing the total cost for these charges to Rs 89,100. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kalaignar St?

The Sub Registrar Office that covers Kalaignar St is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Paleripattu. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with legal requirements during the transaction.

Additionally, the guideline value is used to calculate the stamp duty and registration fees applicable to the property transaction. This ensures that the government receives the appropriate revenue from property sales based on the established guideline values.

Frequently asked questions

What is the current guideline value of Kalaignar St?

The current guideline value of Kalaignar St is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then increased to Rs 900 per sq.ft in 2023, and finally to Rs 990 per sq.ft in 2024.

What is the land classification for Kalaignar St?

Kalaignar St is classified as Residential Class II Type - I under the land classification system.

What are the stamp duty and registration fees for properties in Kalaignar St?

For a property valued at Rs 9,90,000, the stamp duty would be Rs 69,300 and the registration fee would be Rs 19,800, totaling Rs 89,100.

Which Sub Registrar Office is responsible for Kalaignar St?

The Avadi Sub Registrar Office is responsible for Kalaignar St, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.