Guideline Value for KALAIVANAR NAGAR "SARASWATHY STREET"

Kalaivanar Nagar "saraswathy Street" guideline value

The current guideline value for Kalaivanar Nagar "saraswathy Street" is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Padi village and falls under the jurisdiction of the Villivakkam Sub Registrar Office. The land classification for this area is Residential Class V Type - II.

How the guideline value of Kalaivanar Nagar "saraswathy Street" has changed

The guideline value for Kalaivanar Nagar "saraswathy Street" has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, which is an increase of 10% from the 2023 figure of Rs 2,000 per sq.ft. Prior to that, in 2017, the guideline value was Rs 1,340 per sq.ft, marking a significant increase of 49% by 2023. The 2012 revision had set the value at Rs 2,000 per sq.ft, which was a decrease of 33% from the 2017 figure.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has seen a modest increase of 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 for Kalaivanar Nagar "saraswathy Street" is below this median.

• Kalaivanar Nagar "pooniamman Koil Street": Rs 2,200 per sq.ft (2024)
• Kalaivanar Nagar 'sithar Cross Street': Rs 2,200 per sq.ft (2024)
• Kalaivanar Nagar "n.S.K.Street": Rs 2,200 per sq.ft (2024)
• Kalaivanar Nagar 'sithar Street': Rs 2,200 per sq.ft (2024)
• Kalaivanar Nagar 'sivan Street': Rs 2,200 per sq.ft (2024)
• Kalaivanar Nagar 'muneswaran Kovil Street': Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Kalaivanar Nagar "saraswathy Street"

For a property measuring 1,000 sq.ft 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, charged at 7%, would amount to Rs 1,54,000, while the registration fee at 2% would be Rs 44,000. Therefore, the total cost for stamp duty and registration fees would be 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 also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Kalaivanar Nagar "saraswathy Street"?

The Sub Registrar Office that covers Kalaivanar Nagar "saraswathy Street" is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. To find your SRO, you can visit find your SRO.

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

The guideline value is an important factor when it comes to the registration of property transactions in Padi. It serves as a benchmark for determining the stamp duty and registration fees that buyers and sellers must pay during the registration process.

When buying or selling property, the guideline value will be used to calculate the applicable duties, which are based on either the guideline value or the sale price, whichever is higher. This ensures that the registration process is transparent and standardized.

Frequently asked questions

What is the current guideline value for Kalaivanar Nagar "saraswathy Street"?

The current guideline value for Kalaivanar Nagar "saraswathy 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 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, reflecting a significant increase over the years.

What is the land classification for this street?

The land classification for Kalaivanar Nagar "saraswathy Street" is Residential Class V Type - II.

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

The Sub Registrar Office covering Kalaivanar Nagar "saraswathy Street" is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 22,00,000 would incur a stamp duty of Rs 1,54,000 and a registration fee of Rs 44,000.