Guideline Value for KALEESWARAR KOIL STREET

Kaleeswarar Koil Street guideline value

The current guideline value of Kaleeswarar Koil Street is Rs 4,950 per sq.ft, effective from 1 July 2024. This street is located in Saidapet village and falls under the Chennai South Joint II SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Kaleeswarar Koil Street has changed

The guideline value of Kaleeswarar Koil Street has seen significant changes over the years. In the 2002 revision, the guideline value was Rs 637 per sq.ft. This increased to Rs 798 per sq.ft in 2003, marking a 25% rise. The value then rose by 38% to Rs 1,100 per sq.ft in 2007. Following this, the 2012 revision saw a notable increase of 309%, bringing the value to Rs 4,500 per sq.ft. However, in the 2017 revision, the value dropped by 33% to Rs 3,015 per sq.ft. The 2023 revision saw a significant increase of 49%, raising the value to Rs 4,500 per sq.ft, and the most recent 2024 revision has set the value at Rs 4,950 per sq.ft, reflecting a 10% increase.

Guideline values in Saidapet

In Saidapet, there are 106 streets under the Chennai South Joint II SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 13,200 per sq.ft, with a median value of Rs 4,400 per sq.ft. Kaleeswarar Koil Street's 2024 figure of Rs 4,950 per sq.ft is above this median.

• Kamarajar Street: Rs 4,400 per sq.ft (2024)
• Jones Road: Rs 8,250 per sq.ft (2024)
• Jeeva Street: Rs 4,400 per sq.ft (2024)
• Kambar Street: Rs 5,500 per sq.ft (2024)
• Jayaram Chetty Street: Rs 5,500 per sq.ft (2024)
• Kannagi Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Kaleeswarar Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,950 per sq.ft, the total guideline value amounts to Rs 49,50,000. The stamp duty at 7% would be Rs 3,46,500, and the registration fee at 2% would be Rs 99,000, bringing the total cost for these fees to Rs 4,45,500. It is important to note that 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 detailed calculations.

Which Sub Registrar Office covers Kaleeswarar Koil Street?

The Sub Registrar Office that covers Kaleeswarar Koil Street is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Saidapet. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

Frequently asked questions

What is the current guideline value of Kaleeswarar Koil Street?

The current guideline value of Kaleeswarar Koil Street is Rs 4,950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 637 per sq.ft in 2002 to Rs 4,950 per sq.ft in 2024, reflecting an overall increase of 677%.

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 49,50,000, the stamp duty at 7% is Rs 3,46,500, and the registration fee at 2% is Rs 99,000, totaling Rs 4,45,500.

Which office handles registrations for Kaleeswarar Koil Street?

The Chennai South Joint II Sub Registrar Office handles registrations for Kaleeswarar Koil Street, located at Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is the guideline value determined for properties in Saidapet?

The guideline value is determined based on various factors and is revised periodically by the Registration Department. It serves as the minimum value for property registration, impacting the stamp duty and registration fees applicable to property transactions.