Guideline Value for KALAIVANAR COLONY 2nd STREET

KALAIVANAR COLONY 2nd STREET guideline value

The current guideline value for KALAIVANAR COLONY 2nd 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 is classified as Residential Class V Type - II.

How the guideline value of KALAIVANAR COLONY 2nd STREET has changed

The guideline value for KALAIVANAR COLONY 2nd STREET has undergone several revisions over the years. The earliest recorded value is from 2007, which was Rs 850 per sq.ft. This increased significantly to Rs 2,000 per sq.ft in 2012, marking a 135% rise. However, the value then decreased to Rs 1,340 per sq.ft in 2017, a drop of 33%. The guideline value saw a substantial increase to Rs 2,000 per sq.ft in 2023, followed by a further increase to Rs 2,200 per sq.ft in 2024, reflecting a 10% rise.

From 2017 to 2023, the increase was 49%, leading to the current value. Overall, from 2007 to 2024, the guideline value has increased by 159%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Padi

In Padi, 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. KALAIVANAR COLONY 2nd STREET's current value is below this median.

• KALAIVANAR COLONY 1st STREET: Rs 2,200 per sq.ft (2024)
• KALAIVANAR COLONY 3rd STREET: Rs 2,200 per sq.ft (2024)
• Kalaivanar Colony: Rs 2,200 per sq.ft (2024)
• KALAIVANAR COLONY 4th STREET: Rs 2,200 per sq.ft (2024)
• KALAIVANAR COLONY 5th STREET: 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 2nd STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be 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 accurate calculations based on your property details.

Which Sub Registrar Office covers KALAIVANAR COLONY 2nd STREET?

KALAIVANAR COLONY 2nd STREET falls under the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By 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 in the registration process when buying or selling property in Padi. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

Buyers and sellers should be aware that the guideline value can influence the overall cost of the transaction, as it serves as a benchmark for property valuation in the area.

Frequently asked questions

What is the current guideline value for KALAIVANAR COLONY 2nd STREET?

The current guideline value for KALAIVANAR COLONY 2nd 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 850 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 159% over the years.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which office handles property registrations for KALAIVANAR COLONY 2nd STREET?

The Villivakkam Sub Registrar Office handles property registrations for KALAIVANAR COLONY 2nd STREET, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

Where can I find more information about other streets in Padi?

Information about other streets in Padi can be found in the guideline value register, which includes various streets with their respective guideline values.