Guideline Value for KALYANAPURAM A BLOCK

Kalyanapuram A Block guideline value

The current guideline value for Kalyanapuram A Block in Perambur village is Rs 1,600 per sq.ft, effective from 1 July 2024. This area falls under the Purasaivakkam SRO and is classified as Residential Class V Type - I.

How the guideline value of Kalyanapuram A Block has changed

Over the years, the guideline value for Kalyanapuram A Block has seen significant changes. The earliest recorded value in 2003 was Rs 369 per sq.ft, which increased to Rs 500 per sq.ft in 2007, marking a 36% rise. By 2012, the value remained at Rs 1,500 per sq.ft, showing no change from the previous figure. In 2023, the value was again Rs 1,500 per sq.ft, before rising to Rs 1,600 per sq.ft in 2024, which represents a 7% increase from the previous year.

From 2003 to 2024, the overall increase in the guideline value is 334%. Notably, there are no recorded figures for the years 2002 and 2017 for this street.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO, with guideline values ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median guideline value in this area is Rs 2,700 per sq.ft, indicating that Kalyanapuram A Block's 2024 figure is below the median.

• 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)
• Kalyanapuram A Block 5th Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Kalyanapuram A Block

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 cost for these 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.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kalyanapuram A Block?

The Kalyanapuram A Block is covered by 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 when registering property transactions in Perambur. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, it is essential to be aware of the guideline value, as it can influence the overall cost of the transaction. Buyers should consider this value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value for Kalyanapuram A Block?

The current guideline value for Kalyanapuram A Block is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 369 per sq.ft in 2003 to Rs 1,600 per sq.ft in 2024, reflecting an overall increase of 334% over this period.

What is the registration office for Kalyanapuram A Block?

The registration office for Kalyanapuram A Block is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is stamp duty calculated for properties in Kalyanapuram A Block?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 16,00,000, the stamp duty would be Rs 1,12,000.

What are the other streets in Perambur with the same guideline value?

Other streets in Perambur with the same guideline value of Rs 1,600 per sq.ft include Kalyanapuram A Block 1st Street, 2nd Cross Street, 2nd Street, 3rd Street, 4th Street, and 5th Street.