Guideline Value for KALSATHAMMAN KOIL STREET

Kalsathamman Koil Street guideline value

The current guideline value of Kalsathamman Koil Street is Rs 2,750 per sq.ft. This street is located in Ramapuram village, under the Chennai South Joint II SRO, and is classified as Residential Class II Type - II.

How the guideline value of Kalsathamman Koil Street has changed

The guideline value for Kalsathamman Koil Street has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 249 per sq.ft. This increased to Rs 308 per sq.ft in 2003, marking a 24% rise. The value then surged significantly to Rs 1,100 per sq.ft in 2007, reflecting a 257% increase. In 2012, the guideline value was Rs 2,500 per sq.ft, which was a 127% increase from 2007. However, it then decreased to Rs 1,675 per sq.ft in 2017, showing a decline of 33%.

From 2017 to 2023, the value rose sharply to Rs 2,500 per sq.ft, indicating a 49% increase. The most recent revision in 2024 set the guideline value at Rs 2,750 per sq.ft, which is a 10% increase from the previous year. The register has no figure for Kalsathamman Koil Street for the years not listed.

Guideline values in Ramapuram

In Ramapuram, there are 394 streets under the Chennai South Joint II SRO that carry a 2024 guideline value ranging from Rs 1,950 to Rs 6,600 per sq.ft, with a median value of Rs 3,100 per sq.ft. Kalsathamman Koil Street's 2024 figure is below this median.

• Kaliyappa Naicker Street: Rs 4,400 per sq.ft (2024)
• Kalyani Ponnappan Avenue: Rs 3,550 per sq.ft (2024)
• Kalyani Ponnappan Avenue Annex: Rs 3,550 per sq.ft (2024)
• Kalidasan Street: Rs 3,100 per sq.ft (2024)
• Kaliappa Udayar Street: Rs 2,750 per sq.ft (2024)
• Kamaraj 1st Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Kalsathamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total fees to Rs 2,47,500. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kalsathamman Koil Street?

The Sub Registrar Office covering Kalsathamman Koil Street is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial 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 Ramapuram

The guideline value is an important factor in the registration process when buying or selling property in Ramapuram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately according to government regulations.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the state collects appropriate revenue from property transactions, reflecting the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Kalsathamman Koil Street?

The current guideline value of Kalsathamman Koil Street is Rs 2,750 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 249 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, showing an overall increase of 1004% over the years.

What is the land classification for Kalsathamman Koil Street?

Kalsathamman Koil Street is classified as Residential Class II Type - II.

Where can I find more information about stamp duty and registration fees?

You can find more information about stamp duty and registration fees using our stamp duty and registration fee calculator.

Which office handles registrations for Kalsathamman Koil Street?

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