Guideline Value for KALAIVANAR STREET (WARD -5)

Kalaivanar Street (Ward -5) guideline value

The current guideline value of Kalaivanar Street (Ward -5) is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Panangottur village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Special Type - V.

How the guideline value of Kalaivanar Street (Ward -5) has changed

The guideline value for Kalaivanar Street has undergone several revisions over the years. In 2012, the value was set at Rs 1,200 per sq.ft, which then decreased to Rs 804 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,200 per sq.ft in 2023, and then rose again to Rs 1,320 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 regarding this street.

Guideline values in Panangottur

In Panangottur, there are 419 streets under the Chengleput Joint II SRO that have a guideline value for 2024, ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value in this village is Rs 990 per sq.ft, placing the 2024 guideline value of Kalaivanar Street above this median.

• Kalaimagal Nagar, Ninnakarai (Ward -19): Rs 660 per sq.ft (2024)
• Kalaignar Karunanithi Nagar (Ward -2): Rs 440 per sq.ft (2024)
• Kaithe Millath Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Kamarajar Salai (Ward -8): Rs 1,980 per sq.ft (2024)
• Kamarajar Steet (Ward -3): Rs 990 per sq.ft (2024)
• Kaaraikazhani (Ward -2): Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Kalaivanar Street (Ward -5)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, while the registration fee at 2% would be Rs 26,400, bringing the total fees together to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kalaivanar Street (Ward -5)?

Kalaivanar Street (Ward -5) falls under the Chengleput Joint II Sub Registrar Office located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering a property in Panangottur. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction. Buyers and sellers should be aware that the guideline value may differ from the actual sale price.

When a property is registered, the authorities will assess the guideline value to calculate the necessary fees. This ensures that the transaction is officially documented and complies with local regulations.

Frequently asked questions

What is the current guideline value of Kalaivanar Street (Ward -5)?

The current guideline value of Kalaivanar Street (Ward -5) is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the median guideline value in Panangottur?

The median guideline value in Panangottur is Rs 990 per sq.ft, with Kalaivanar Street's value being above this median at Rs 1,320 per sq.ft.

What are the registration fees for properties in Kalaivanar Street?

The registration fees for properties in Kalaivanar Street include a stamp duty of 7% and a registration fee of 2%, based on the guideline value or the sale price, whichever is higher.

Which office handles the registration for Kalaivanar Street?

The Chengleput Joint II Sub Registrar Office handles the registration for Kalaivanar Street (Ward -5), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.