Guideline Value

Corporate

Guideline Value for KALANZHI STREET

₹104/sq.ft.

The guideline value for Kalanzhi Street in Kolathur village (Pallipattu SRO, Chennai zone) is Rs 104 per sq.ft, effective 1 July 2024. It was Rs 100 per sq.ft from 1 April 2023, a 4% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kolathur

Village

Pallipattu

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹104 /sq.ft.
From 1-4-2023 ₹100 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹60 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹90 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹35 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207
044-27843480
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Kalanzhi Street

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Kalanzhi Street guideline value

The current guideline value of Kalanzhi Street is Rs 104 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village, under the Pallipattu SRO, and is classified as Residential Class I Type - I.

How the guideline value of Kalanzhi Street has changed

Over the years, the guideline value for Kalanzhi Street has seen several revisions. The earliest recorded figure is from 2007, when the guideline value was Rs 35 per sq.ft. This increased significantly to Rs 90 per sq.ft in 2012, followed by a decrease to Rs 60 per sq.ft in 2017. The value then rose to Rs 100 per sq.ft in 2023, and as of the 2024 revision, it stands at Rs 104 per sq.ft. The register has no figure for this street for the years 2002 and 2003.

Analyzing the changes between the revisions, from 2007 to 2012, there was a substantial increase of 157%. However, between 2012 and 2017, the value decreased by 33%. The period from 2017 to 2023 saw a significant increase of 67%, and the latest revision from 2023 to 2024 reflects a growth of 4%. Overall, from 2007 to 2024, the guideline value has increased by 197%.

Guideline values in Kolathur

In Kolathur, there are 18 streets under the Pallipattu SRO that carry a 2024 guideline value ranging from Rs 104 to Rs 150 per sq.ft. The median guideline value for these streets is Rs 104 per sq.ft, which is also the current rate for Kalanzhi Street.

Stamp duty and registration fee for property in Kalanzhi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 104 per sq.ft, the total guideline value would be Rs 1,04,000. The stamp duty at 7% would amount to Rs 7,280, and the registration fee at 2% would be Rs 2,080, making the total fees together Rs 9,360. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

To calculate your fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kalanzhi Street?

The Sub Registrar Office that covers Kalanzhi Street is the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kolathur. It is the minimum value set by the government for property transactions, ensuring that the property is registered at a fair value.

When registering a property, the buyer must pay the stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kalanzhi Street?

The current guideline value of Kalanzhi Street is Rs 104 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 35 per sq.ft in 2007 to Rs 104 per sq.ft in 2024, marking an overall increase of 197% over this period.

What is the registration office for Kalanzhi Street?

The registration office for Kalanzhi Street is the Pallipattu Sub Registrar Office, located on Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207.

How is stamp duty calculated for property in Kalanzhi Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 1,04,000, the stamp duty would be Rs 7,280.

Are there other streets in Kolathur with the same guideline value?

Yes, there are several other streets in Kolathur under the Pallipattu SRO that also have a guideline value of Rs 104 per sq.ft, including Kadastreet, Jonugunta Street, and Methu Street.