Guideline Value for KALAIVANAR COLONY 'SITHAR STREET'

Kalaivanar Colony 'sithar Street' guideline value

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

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

The guideline value for Kalaivanar Colony 'sithar Street' has undergone several revisions over the years. The earliest recorded figure is from 2012, where the value was Rs 2,000 per sq.ft. This was followed by a decrease to Rs 1,340 per sq.ft in 2017. In 2023, the value increased to Rs 2,000 per sq.ft, and the latest revision in 2024 has set the value at Rs 2,200 per sq.ft. There are no figures available for the years 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. The value then rose by 10% from 2023 to 2024, resulting in an overall increase of 10% from 2012 to 2024.

Guideline values in Padi

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

• Kalaivanar Colony 'rajaji Street': Rs 2,200 per sq.ft (2024)
• Kalaivanar Colony 'anna 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 Nagar: Rs 2,200 per sq.ft (2024)
• KALAIVANAR COLONY 6th STREET: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Kalaivanar Colony 'sithar 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, bringing the total fees to Rs 1,98,000. Duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kalaivanar Colony 'sithar Street'?

Kalaivanar Colony 'sithar Street' is covered by the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near 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 crucial factor in the registration process when buying or selling property in Padi. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property transaction.

Frequently asked questions

What is the current guideline value for Kalaivanar Colony 'sithar Street'?

The current guideline value for Kalaivanar Colony 'sithar 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 from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the stamp duty for property in Kalaivanar Colony 'sithar Street'?

The stamp duty for property in Kalaivanar Colony 'sithar Street' is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for this area?

The Villivakkam Sub Registrar Office covers Kalaivanar Colony 'sithar Street' and is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

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

Kalaivanar Colony 'sithar Street' falls under the Residential Class V Type - II land classification.