Guideline Value for KALAINGER STREET

Kalainger Street guideline value

The current guideline value of Kalainger Street is Rs 2,530 per sq.ft, effective from 1 July 2024. This street is located in Thiruvancheri village under the Pallavaram SRO and is classified as Residential Class I Type - III.

How the guideline value of Kalainger Street has changed

The guideline value for Kalainger Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,800 per sq.ft, which decreased to Rs 1,206 per sq.ft in the 2017 revision, marking a decline of 33%. However, the value saw a significant increase in the following years, rising to Rs 2,300 per sq.ft in 2023, and then to Rs 2,530 per sq.ft in the 2024 revision, reflecting a change of 10% from the previous year.

Between the 2017 and 2023 revisions, the value increased by 91%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 41%. Please note that the register has no figures for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Thiruvancheri

In Thiruvancheri, there are 70 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 5,000 per sq.ft, with a median value of Rs 1,980 per sq.ft. Kalainger Street's 2024 guideline value of Rs 2,530 per sq.ft is above this median.

• Kakkanji Street: Rs 1,100 per sq.ft (2024)
• J P Green Garden: Rs 2,530 per sq.ft (2024)
• Kamaraj Street: Rs 1,980 per sq.ft (2024)
• Jothi Nagar: Rs 2,530 per sq.ft (2024)
• Jayalalitha Street: Rs 1,100 per sq.ft (2024)
• Jalan Kennady Street: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Kalainger Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,530 per sq.ft, the total guideline value would be Rs 25,30,000. The stamp duty at 7% would amount to Rs 1,77,100, while the registration fee at 2% would be Rs 50,600. Together, the total cost for stamp duty and registration would be Rs 2,27,700. Please 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 further calculations.

Which Sub Registrar Office covers Kalainger Street?

The Sub Registrar Office that covers Kalainger Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in property transactions in Thiruvancheri. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a benchmark for both parties. It is crucial for buyers to be aware of the current guideline value to ensure they are making informed decisions during the transaction process.

Frequently asked questions

What is the current guideline value of Kalainger Street?

The current guideline value of Kalainger Street is Rs 2,530 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 1,800 per sq.ft in 2012 to Rs 2,530 per sq.ft in 2024, representing an overall increase of 41%.

What is the land classification for Kalainger Street?

Kalainger Street is classified as Residential Class I Type - III.

Where is the Pallavaram Sub Registrar Office located?

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

How is stamp duty calculated for properties in Thiruvancheri?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 25,30,000, the stamp duty at 7% would be Rs 1,77,100.