Guideline Value for KALAIVANAR COLONY 3rd STREET

KALAIVANAR COLONY 3rd STREET guideline value

The current guideline value of KALAIVANAR COLONY 3rd STREET is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Padi village, under the Villivakkam SRO, with a land classification of Residential Class V Type - II.

How the guideline value of KALAIVANAR COLONY 3rd STREET has changed

The guideline value for KALAIVANAR COLONY 3rd STREET has undergone several revisions over the years. The 2007 revision recorded a value of Rs 850 per sq.ft, which increased to Rs 2,000 per sq.ft in 2012, marking a significant rise of 135%. However, from 2012 to 2017, the value decreased to Rs 1,340 per sq.ft, reflecting a drop of 33%. The value then saw a substantial increase to Rs 2,000 per sq.ft in the 2023 revision, followed by a further increase to Rs 2,200 per sq.ft in 2024, which is a rise of 10%.

Notably, there are no recorded figures for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 159%, highlighting the fluctuations in property values over the years.

Guideline values in Padi

Within Padi village, there are 354 streets under the Villivakkam SRO that carry a guideline value for 2024, 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 3rd STREET is below this median.

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

Stamp duty and registration fee for property in KALAIVANAR COLONY 3rd STREET

For a 1,000 sq.ft plot at the current rate, the 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 duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers KALAIVANAR COLONY 3rd STREET?

The KALAIVANAR COLONY 3rd 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 details.

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

The guideline value is a crucial factor when buying or selling property in Padi. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process.

When a property is registered, the guideline value is considered to ensure that the transaction is recorded accurately. This value helps in maintaining transparency in property transactions and ensures compliance with government regulations.

Frequently asked questions

What is the current guideline value of KALAIVANAR COLONY 3rd STREET?

The current guideline value of KALAIVANAR COLONY 3rd 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, marking 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 registrations for KALAIVANAR COLONY 3rd STREET?

The Villivakkam Sub Registrar Office handles registrations for KALAIVANAR COLONY 3rd STREET, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for KALAIVANAR COLONY 3rd STREET?

The land classification for KALAIVANAR COLONY 3rd STREET is Residential Class V Type - II.