Guideline Value for KALATHUMETTU STREET

Kalathumettu Street guideline value

The current guideline value of Kalathumettu Street in Chengalpattu Natham village is Rs 1,100 per sq.ft, effective from 1 July 2024. This street falls under the Chengleput Joint II SRO and is classified as Residential Class I Type - III.

How the guideline value of Kalathumettu Street has changed

The guideline value for Kalathumettu Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which was then reduced to Rs 670 per sq.ft in the 2017 revision. Following this, the value increased to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,100 per sq.ft as of the 2024 revision. There are no figures available for the revisions in 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. The overall change from 2012 to 2024 shows a modest increase of 10% in the guideline value.

Guideline values in Chengalpattu Natham

In Chengalpattu Natham, there are 88 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Kalathumettu Street's value below this median.

• Kalaivanar N.S.K(Kavarai Street): Rs 2,200 per sq.ft (2024)
• Kalainagar Karunathi Street: Rs 1,100 per sq.ft (2024)
• Kamarajar Street Ward-2: Rs 1,650 per sq.ft (2024)
• Kailasanathar Kovil Street: Rs 2,200 per sq.ft (2024)
• Kancheepuram High Road: Rs 2,750 per sq.ft (2024)
• Jeevanatham Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Kalathumettu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total charges to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your own fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kalathumettu Street?

The Sub Registrar Office that covers Kalathumettu Street is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Chengalpattu Natham. It serves as a reference point for determining the stamp duty and registration fees that must be paid during the registration process.

When buying or selling property, the guideline value ensures that both parties are aware of the minimum value set by the government, which helps in maintaining transparency in real estate transactions.

Frequently asked questions

What is the current guideline value of Kalathumettu Street?

The current guideline value of Kalathumettu Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023, and is currently Rs 1,100 per sq.ft in 2024.

What is the median guideline value for streets in Chengalpattu Natham?

The median guideline value for streets in Chengalpattu Natham is Rs 2,200 per sq.ft, with Kalathumettu Street's value being below this median.

What are the stamp duty and registration fees for a property in Kalathumettu Street?

For a 1,000 sq.ft property at the guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000, resulting in a stamp duty of Rs 77,000 and a registration fee of Rs 22,000.

Which office handles the registration for Kalathumettu Street?

The registration for Kalathumettu Street is handled by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.