Guideline Value for KALAIVANI 1ST TO 3RDCROSS STREET

Kalaivani 1st To 3rdcross Street guideline value

The current guideline value of Kalaivani 1st To 3rdcross Street is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Kilkattalai village under the Pallavaram SRO and falls under the Residential Class II Type - I land classification.

How the guideline value of Kalaivani 1st To 3rdcross Street has changed

The guideline value for Kalaivani 1st To 3rdcross Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,800 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 1,206 per sq.ft. Following this, the 2023 revision increased the value to Rs 1,800 per sq.ft, and the most recent 2024 revision raised it further to Rs 1,980 per sq.ft, marking a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kilkattalai

Kilkattalai village has a total of 194 streets under the Pallavaram SRO, with guideline values ranging from Rs 1,080 to Rs 5,500 per sq.ft. The median guideline value in the village is Rs 2,530 per sq.ft, placing the 2024 guideline value of Kalaivani 1st To 3rdcross Street below this median.

• Kalaivani Street: Rs 2,200 per sq.ft (2024)
• Kamaraj Nagar: Rs 3,080 per sq.ft (2024)
• Kamaraj Nagar,Rajiv Gandhi Street: Rs 3,080 per sq.ft (2024)
• Kambar Street: Rs 1,980 per sq.ft (2024)
• Jeya Nagar: Rs 2,200 per sq.ft (2024)
• Jayalakshmi Nagar: Rs 2,160 per sq.ft (2024)

Stamp duty and registration fee for property in Kalaivani 1st To 3rdcross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total fees to Rs 1,78,200. It is important to note that the 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 Kalaivani 1st To 3rdcross Street?

The Sub Registrar Office that covers Kalaivani 1st To 3rdcross Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. To find your SRO, you can find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Kilkattalai, as it determines the minimum value at which a property can be registered. It serves as a reference for calculating stamp duty and registration fees, which are mandatory during the property transaction process.

When a property is sold, the guideline value ensures that the transaction is recorded accurately, reflecting the true value of the property. This helps maintain transparency in real estate transactions and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value of Kalaivani 1st To 3rdcross Street?

The current guideline value of Kalaivani 1st To 3rdcross Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then back to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,980 per sq.ft in 2024.

What is the land classification for Kalaivani 1st To 3rdcross Street?

Kalaivani 1st To 3rdcross Street is classified as Residential Class II Type - I.

Where can I find the registration office for this street?

The registration office for Kalaivani 1st To 3rdcross Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600 at a rate of 7%.