Guideline Value for KALYANAPURAM B BLOCK

Kalyanapuram B Block guideline value

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

How the guideline value of Kalyanapuram B Block has changed

Over the years, the guideline value of Kalyanapuram B Block has seen several revisions. The 2003 revision recorded a guideline value of Rs 369 per sq.ft, which increased to Rs 500 per sq.ft in 2007. Following this, the value surged to Rs 1,500 per sq.ft in 2012, before dropping to Rs 1,005 per sq.ft in 2017. The 2023 revision marked an increase to Rs 1,500 per sq.ft, and the most recent 2024 revision has set the value at Rs 1,600 per sq.ft. The register has no figure for this street for the year 2002.

From 2017 to 2023, the guideline value increased by 49%, while the jump from 2023 to 2024 was 7%. The significant change from 2012 to 2017 saw a decrease of 33%, while the increase from 2007 to 2012 was a notable 200%. Overall, from 2003 to 2024, the guideline value has increased by 334%.

Guideline values in Perambur

In Perambur, 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, with a median value of Rs 2,700 per sq.ft. Kalyanapuram B Block's 2024 figure is below that median.

• Kalyanapuram A Block 6th Street: Rs 1,600 per sq.ft (2024)
• Kalyanapuram B Block 1st Street: Rs 1,600 per sq.ft (2024)
• Kalyanapuram A Block 5th Street: Rs 1,600 per sq.ft (2024)
• Kalyanapuram B Block 2nd Street: Rs 1,600 per sq.ft (2024)
• Kalyanapuram A Block 4th Street: Rs 1,600 per sq.ft (2024)
• Kalyanapuram B Block 3rd Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Kalyanapuram B Block

For a 1,000 sq.ft plot at the current rate of Rs 1,600 per sq.ft, the guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, totaling 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 the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kalyanapuram B Block?

Kalyanapuram B Block falls under the jurisdiction of 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

When buying or selling property in Perambur, the guideline value plays a crucial role in determining the stamp duty and registration fees. The guideline value is set by the government and is used as a basis for calculating these fees, ensuring a standardized approach across various properties.

It is essential for buyers and sellers to be aware of the current guideline value, as it can affect the overall cost of the transaction. The guideline value is updated periodically, reflecting changes in the real estate market and local development.

Frequently asked questions

What is the current guideline value of Kalyanapuram B Block?

The current guideline value of Kalyanapuram B 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 changed from Rs 369 per sq.ft in 2003 to Rs 1,600 per sq.ft in 2024, reflecting an overall increase of 334% over the years.

What is the registration office for Kalyanapuram B Block?

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

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, and the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 1,44,000.

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

You can visit the stamp duty and registration fee calculator for more detailed information and calculations.