Guideline Value for KALYANAPURAM C BLOCK 2ND STREET

Kalyanapuram C Block 2nd Street guideline value

The current guideline value for Kalyanapuram C Block 2nd Street is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO, classified as Residential Class V Type - I.

How the guideline value of Kalyanapuram C Block 2nd Street has changed

In the 2012 revision, the guideline value was set at Rs 1,500 per sq.ft. This figure decreased to Rs 1,005 per sq.ft in the 2017 revision, marking a decline of 33%. However, the value rose significantly to Rs 1,500 per sq.ft in the 2023 revision, and further increased by 7% to Rs 1,600 per sq.ft in the 2024 revision.

Overall, from 2012 to 2024, the guideline value has increased by 7%. The register has no figures for the years 2002, 2003, and 2007 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 is Rs 2,700 per sq.ft, indicating that Kalyanapuram C Block 2nd Street's 2024 figure is below this median.

• Kalyanapuram C Block 1st Street: Rs 1,600 per sq.ft (2024)
• Kalyanapuram C Block 3rd Street: Rs 1,600 per sq.ft (2024)
• Kalyanapuram C Block 1 & Lane: Rs 1,600 per sq.ft (2024)
• Kalyanapuram C Block 4th Street: Rs 1,600 per sq.ft (2024)
• Kalyanapuram C Block 1&2 Cross Street: Rs 1,600 per sq.ft (2024)
• Kalyanapuram C Block 5th Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Kalyanapuram C Block 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total 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, bringing the total to Rs 1,44,000. Duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Kalyanapuram C Block 2nd Street?

The Kalyanapuram C Block 2nd Street 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 details.

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, as it determines the minimum value at which a property can be registered. When buying or selling, the guideline value is used to calculate the stamp duty and registration fees applicable to the transaction.

It is important for buyers and sellers to be aware of the guideline value when engaging in property transactions, as it ensures compliance with legal requirements and helps in determining the financial implications of the sale.

Frequently asked questions

What is the current guideline value for Kalyanapuram C Block 2nd Street?

The current guideline value for Kalyanapuram C Block 2nd Street 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 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,600 per sq.ft in 2024.

What is the land classification for Kalyanapuram C Block 2nd Street?

Kalyanapuram C Block 2nd Street is classified as Residential Class V Type - I.

Where is the Purasaivakkam Sub Registrar Office located?

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

How is the stamp duty calculated for properties in Kalyanapuram C Block 2nd Street?

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