Guideline Value for KALIVANTHAPATTU MAIN ROAD (WARD -9)

Kalivanthapattu Main Road (Ward -9) guideline value

The current guideline value of Kalivanthapattu Main Road (Ward -9) is Rs 550 per sq.ft, effective from 1 July 2024. This road is located in Goodaloor village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Kalivanthapattu Main Road (Ward -9) has changed

The guideline value for Kalivanthapattu Main Road has seen several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which then decreased to Rs 335 per sq.ft in 2017. Following this, the value increased significantly to Rs 500 per sq.ft in 2023, and further rose to Rs 550 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a substantial increase of 49%. Overall, comparing the 2012 and 2024 revisions, the guideline value reflects a modest increase of 10%. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Goodaloor

In Goodaloor, there are 53 streets under the Chengleput Joint II SRO that have a 2024 guideline value ranging from Rs 385 to Rs 2,510 per sq.ft. The median guideline value in this area is Rs 660 per sq.ft, indicating that Kalivanthapattu Main Road's current value is below this median.

• Kalivanthapattu Kadambur Main Road (Ward -9): Rs 550 per sq.ft (2024)
• Kamarajar Street (Ward -9): Rs 550 per sq.ft (2024)
• Kadambur Main (Ward -9): Rs 550 per sq.ft (2024)
• Ind. Area Coodalur Village (Ward -9): Rs 1,100 per sq.ft (2024)
• Hallmark Apts Coodalur Village (Ward -9): Rs 2,200 per sq.ft (2024)
• Green Town: Rs 737 per sq.ft (2024)

Stamp duty and registration fee for property in Kalivanthapattu Main Road (Ward -9)

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total cost for these fees to Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kalivanthapattu Main Road (Ward -9)?

The Sub Registrar Office that covers Kalivanthapattu Main Road (Ward -9) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Goodaloor. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is considered to ensure that the transaction is in compliance with legal requirements. This value helps to maintain transparency and fairness in property dealings within the area.

Frequently asked questions

What is the current guideline value of Kalivanthapattu Main Road (Ward -9)?

The current guideline value of Kalivanthapattu Main Road (Ward -9) is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then increased to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

What is the land classification for Kalivanthapattu Main Road?

The land classification for Kalivanthapattu Main Road (Ward -9) is Residential Class I Type - III.

Where can I find the registration office for this area?

The registration office for Kalivanthapattu Main Road (Ward -9) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For example, a 1,000 sq.ft plot at Rs 550 per sq.ft would incur a total fee of Rs 49,500.