Guideline Value for KALANCHERI SALAI

Kalancheri Salai guideline value

The current guideline value of Kalancheri Salai is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Minjur village under the Ponneri SRO and is classified as Residential Class I Type - I.

How the guideline value of Kalancheri Salai has changed

Looking at the revisions, the guideline value for Kalancheri Salai has seen significant changes over the years. The 2017 revision set the value at Rs 536 per sq.ft, which then increased to Rs 800 per sq.ft in the 2023 revision, marking a 49% rise. The most recent 2024 revision has further increased the value to Rs 880 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Minjur

In Minjur, there are 179 streets under the Ponneri SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 1,320 per sq.ft, with a median value of Rs 550 per sq.ft. The guideline value of Kalancheri Salai is above this median.

• Kalaignar Nagar: Rs 550 per sq.ft (2024)
• Kalyanasundharam Street: Rs 550 per sq.ft (2024)
• Kamadhenu Nagar: Rs 550 per sq.ft (2024)
• Kakkanji Colony: Rs 550 per sq.ft (2024)
• Kamala Nagar: Rs 1,320 per sq.ft (2024)
• Jeevanandam Street: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Kalancheri Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, and the registration fee at 2% would be Rs 17,600, making the total fees together Rs 79,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kalancheri Salai?

The Sub Registrar Office that covers Kalancheri Salai is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Minjur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is considered to ensure that the appropriate taxes are collected based on either the guideline value or the sale price, whichever is higher. This helps maintain transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Kalancheri Salai?

The current guideline value of Kalancheri Salai is Rs 880 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 536 per sq.ft in 2017 to Rs 880 per sq.ft in 2024, marking an overall increase of 64% over this period.

What is the land classification for Kalancheri Salai?

Kalancheri Salai is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where is the Ponneri Sub Registrar Office located?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is the stamp duty calculated for properties in Kalancheri Salai?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600 at a rate of 7%.