Guideline Value for KALAIVANAR COLONY 4th STREET

KALAIVANAR COLONY 4th STREET guideline value

The current guideline value of KALAIVANAR COLONY 4th 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 4th STREET has changed

The guideline value for KALAIVANAR COLONY 4th STREET has seen several revisions over the years. In 2007, the value was Rs 850 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012. However, there was a decrease to Rs 1,340 per sq.ft in 2017. The value then rose to Rs 2,000 per sq.ft in 2023, and currently stands at Rs 2,200 per sq.ft from the 2024 revision. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Between these revisions, the changes are as follows: from 2007 to 2012, there was an increase of 135%; from 2012 to 2017, a decrease of 33%; from 2017 to 2023, an increase of 49%; and from 2023 to 2024, an increase of 10%. Overall, from 2007 to 2024, the guideline value has increased by 159%.

Guideline values in Padi

Padi village has a total of 354 streets under the Villivakkam SRO, with guideline values ranging from Rs 2,200 to Rs 13,200 per sq.ft as of 2024. The median value for these streets is Rs 3,800 per sq.ft, placing KALAIVANAR COLONY 4th STREET below that 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 3rd 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 7th STREET: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in KALAIVANAR COLONY 4th 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 be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, making the total cost for stamp duty and registration fees Rs 1,98,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers KALAIVANAR COLONY 4th STREET?

The KALAIVANAR COLONY 4th STREET is covered by the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. For more information, you can find your SRO.

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, which are calculated based on this value or the sale price, whichever is higher.

When engaging in property transactions, it is essential to be aware of the guideline value as it directly impacts the overall costs associated with the registration of the property. Buyers and sellers should ensure they are informed about the current guideline value to avoid any unexpected expenses during the transaction process.

Frequently asked questions

What is the current guideline value of KALAIVANAR COLONY 4th STREET?

The current guideline value of KALAIVANAR COLONY 4th 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, showing an overall increase of 159% over the years.

What is the registration office for KALAIVANAR COLONY 4th STREET?

The registration office for KALAIVANAR COLONY 4th STREET is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for properties in KALAIVANAR COLONY 4th STREET?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 1,54,000 based on the current guideline value.

What is the land classification for KALAIVANAR COLONY 4th STREET?

KALAIVANAR COLONY 4th STREET is classified as Residential Class V Type - II, indicating its designation for residential use within the area.