Guideline Value for KALAIVANAR NAGAR 'SITHAR CROSS STREET'

Kalaivanar Nagar 'sithar Cross Street' guideline value

The current guideline value of Kalaivanar Nagar 'sithar Cross 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 Nagar 'sithar Cross Street' has changed

The guideline value for Kalaivanar Nagar 'sithar Cross Street' has undergone several revisions over the years. The earliest recorded revision is from 2012, where the value was Rs 2,000 per sq.ft. This figure was then revised to Rs 1,340 per sq.ft in 2017, marking a decrease of 33%. The value increased significantly to Rs 2,000 per sq.ft in 2023, and further rose to Rs 2,200 per sq.ft in 2024, reflecting a 10% increase from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 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 of Kalaivanar Nagar 'sithar Cross Street' is below this median.

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

Stamp duty and registration fee for property in Kalaivanar Nagar 'sithar Cross 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, while the registration fee at 2% would be Rs 44,000. Together, the total fees would be 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.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kalaivanar Nagar 'sithar Cross Street'?

The Sub Registrar Office that covers Kalaivanar Nagar 'sithar Cross Street' is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for further assistance.

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, as it determines the stamp duty and registration fees payable at the time of registration. Buyers must be aware that the stamp duty is calculated based on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

When a property is registered, the guideline value serves as a benchmark for the transaction, helping to maintain transparency in property dealings. It is essential for buyers and sellers to understand these values to ensure compliance with local regulations and avoid any legal issues during the registration process.

Frequently asked questions

What is the current guideline value of Kalaivanar Nagar 'sithar Cross Street'?

The current guideline value of Kalaivanar Nagar 'sithar Cross 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 land classification for this street?

Kalaivanar Nagar 'sithar Cross Street' is classified as Residential Class V Type - II.

What are the stamp duty rates for properties in this area?

The stamp duty for properties in this area is charged at 7% of the guideline value or the sale price, whichever is higher.

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

The Sub Registrar Office covering Kalaivanar Nagar 'sithar Cross Street' is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.