Guideline Value for KALVAIKARAI STREET

Kalvaikarai Street guideline value

The current guideline value of Kalvaikarai Street is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Perambur village, under the Purasaivakkam SRO, and is classified as Residential Class V Type - I.

How the guideline value of Kalvaikarai Street has changed

The guideline value for Kalvaikarai Street has undergone several revisions over the years. Starting from the 2002 revision, the value was Rs 336 per sq.ft. This increased to Rs 369 per sq.ft in 2003, marking a 10% rise. In 2007, the value saw a significant jump to Rs 500 per sq.ft, which was a 36% increase from the previous revision. The 2012 revision maintained the value at Rs 1,500 per sq.ft, showing no change from the earlier figure. The 2023 revision also kept the value at Rs 1,500 per sq.ft.

In 2024, the guideline value was revised to Rs 1,600 per sq.ft, reflecting a 7% increase from the 2023 revision. Overall, from 2002 to 2024, the guideline value has increased by 376%. Notably, there is no figure available for the 2017 revision for Kalvaikarai Street in the register.

Guideline values in Perambur

In Perambur village, there are 1,114 streets under the Purasaivakkam SRO that carry a 2024 guideline value, ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value for these streets is Rs 2,700 per sq.ft, indicating that Kalvaikarai Street's 2024 figure is below this median.

• Kalyanapuram A Block: Rs 1,600 per sq.ft (2024)
• Kalyanapuram A Block 1st Street: Rs 1,600 per sq.ft (2024)
• Kalyanapuram A Block 2nd Cross Street: Rs 1,600 per sq.ft (2024)
• Kalyanapuram A Block 2nd Street: Rs 1,600 per sq.ft (2024)
• Kalyanapuram A Block 3rd Street: Rs 1,600 per sq.ft (2024)
• Kalyanapuram A Block 4th Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Kalvaikarai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total fees to Rs 1,44,000. It is important to 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 accurate calculations.

Which Sub Registrar Office covers Kalvaikarai Street?

The Sub Registrar Office that covers Kalvaikarai Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Perambur. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. This ensures that the transaction is recorded accurately and that the appropriate taxes are collected by the government.

When registering a property, buyers should be aware that the guideline value will be used to calculate the fees, and it is essential to ensure that the sale price is in line with the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kalvaikarai Street?

The current guideline value of Kalvaikarai Street is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2002, the guideline value has increased from Rs 336 per sq.ft to the current Rs 1,600 per sq.ft in 2024, reflecting a total increase of 376% over the years.

What is the land classification of Kalvaikarai Street?

Kalvaikarai Street is classified as Residential Class V Type - I, indicating its designation for residential purposes.

Where can I find the Sub Registrar Office for Kalvaikarai Street?

The Sub Registrar Office for Kalvaikarai Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is the stamp duty calculated for properties in Kalvaikarai Street?

Stamp duty for properties in Kalvaikarai Street is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total guideline value would be Rs 16,00,000, leading to a stamp duty of Rs 1,12,000 at 7%.