Guideline Value for KALAIVANAR COLONY 'RAJAJI STREET'

Kalaivanar Colony 'rajaji Street' guideline value

The current guideline value of Kalaivanar Colony 'rajaji Street' is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Padi village and falls under the Villivakkam SRO. The land classification for this area is Residential Class V Type - II.

How the guideline value of Kalaivanar Colony 'rajaji Street' has changed

The guideline value for Kalaivanar Colony 'rajaji Street' has seen several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which then decreased to Rs 1,340 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 2,000 per sq.ft in 2023, and the latest revision in 2024 has raised it further to Rs 2,200 per sq.ft. The register does not have figures for the years 2002, 2003, and 2007 for this street.

From the 2012 revision to the 2017 revision, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Padi

In Padi village, there are 354 streets under the Villivakkam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 13,200 per sq.ft, with a median value of Rs 3,800 per sq.ft. The guideline value of Kalaivanar Colony 'rajaji Street' is below this median.

• Kalaivanar Colony 'anna Street': Rs 2,200 per sq.ft (2024)
• Kalaivanar Colony 'sithar Street': Rs 2,200 per sq.ft (2024)
• Kalaivanar Colony 'ambedkar Street': Rs 2,200 per sq.ft (2024)
• KALAIVANAR COLONY 7th STREET: Rs 2,200 per sq.ft (2024)
• KALAIVANAR COLONY 6th STREET: Rs 2,200 per sq.ft (2024)
• KALAIVANAR COLONY 5th STREET: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Kalaivanar Colony 'rajaji Street'

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. 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 Kalaivanar Colony 'rajaji Street'?

The Sub Registrar Office that covers Kalaivanar Colony 'rajaji Street' is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Padi. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction process.

When buying or selling property, the guideline value ensures that transactions are recorded accurately and transparently. Buyers and sellers must be aware of the current guideline value to understand the financial implications of their property dealings.

Frequently asked questions

What is the current guideline value of Kalaivanar Colony 'rajaji Street'?

The current guideline value of Kalaivanar Colony 'rajaji Street' is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 2,000 per sq.ft in 2012, dropping to Rs 1,340 per sq.ft in 2017, then rising to Rs 2,000 per sq.ft in 2023, and finally reaching Rs 2,200 per sq.ft in 2024.

What is the land classification for Kalaivanar Colony 'rajaji Street'?

The land classification for Kalaivanar Colony 'rajaji Street' is Residential Class V Type - II.

Where can I find the Villivakkam Sub Registrar Office?

The Villivakkam Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 22,00,000, resulting in a stamp duty of Rs 1,54,000.