Guideline Value for KALAINGAR NAGAR 1 TO 4 STREETS

Kalaingar Nagar 1 To 4 Streets guideline value

The current guideline value of Kalaingar Nagar 1 To 4 Streets is Rs 2,750 per sq.ft, effective from 1 July 2024. This area is located in Thirusulam village under the Pallavaram Sub Registrar Office (SRO) and is classified as Residential Class I Type - I.

How the guideline value of Kalaingar Nagar 1 To 4 Streets has changed

Over the years, the guideline value for Kalaingar Nagar 1 To 4 Streets has seen several revisions. The 2012 revision set the value at Rs 2,500 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 1,675 per sq.ft, marking a decrease of 33%. The value then increased significantly in the following revisions, reaching Rs 2,500 per sq.ft in 2023 and finally Rs 2,750 per sq.ft in 2024, reflecting a 10% increase from the previous year.

From 2017 to 2023, there was a substantial increase of 49% in the guideline value. Overall, from the 2012 revision to the 2024 revision, the value has increased by 10%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thirusulam

In Thirusulam, there are 74 streets under the Pallavaram SRO, with guideline values ranging from Rs 1,080 to Rs 2,750 per sq.ft. The median value for these streets is Rs 1,940 per sq.ft, placing the guideline value of Kalaingar Nagar 1 To 4 Streets above this median.

• Kalainger Nagar: Rs 2,750 per sq.ft (2024)
• Kannabiran Koil 1 To 2 Streets: Rs 2,200 per sq.ft (2024)
• Kannabiran Koil Street: Rs 2,200 per sq.ft (2024)
• Kannabiran Koil Street Ext: Rs 2,200 per sq.ft (2024)
• Indira Nagar M.G.R Street: Rs 1,940 per sq.ft (2024)
• Indira Nagar Bharthi Street: Rs 1,940 per sq.ft (2024)

Stamp duty and registration fee for property in Kalaingar Nagar 1 To 4 Streets

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty, charged at 7%, would amount to Rs 1,92,500, while the registration fee at 2% would be Rs 55,000. Together, the total cost for stamp duty and registration would be Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kalaingar Nagar 1 To 4 Streets?

The Sub Registrar Office that covers Kalaingar Nagar 1 To 4 Streets is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Thirusulam, the guideline value will be used to calculate the necessary stamp duty and registration fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Kalaingar Nagar 1 To 4 Streets?

The current guideline value of Kalaingar Nagar 1 To 4 Streets is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,750 per sq.ft in 2024.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in Kalaingar Nagar 1 To 4 Streets is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office located for this street?

The Pallavaram Sub Registrar Office is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone.

What is the median guideline value for streets in Thirusulam?

The median guideline value for streets in Thirusulam is Rs 1,940 per sq.ft, with Kalaingar Nagar 1 To 4 Streets being above this median at Rs 2,750 per sq.ft.