Guideline Value for KALYANAPURAM C BLOCK 8TH STREET

Kalyanapuram C Block 8th Street guideline value

The current guideline value of Kalyanapuram C Block 8th 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 it falls under the Residential Class V Type - I land classification.

How the guideline value of Kalyanapuram C Block 8th Street has changed

The guideline value for Kalyanapuram C Block 8th Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which was followed by a decrease to Rs 1,005 per sq.ft in 2017. This was a significant drop of 33%. However, from 2017 to 2023, the value increased to Rs 1,500 per sq.ft, marking a rise of 49%. The most recent revision in 2024 brought the guideline value to Rs 1,600 per sq.ft, which is a 7% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 7%.

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 for these streets is Rs 2,700 per sq.ft, indicating that Kalyanapuram C Block 8th Street's 2024 figure is below that median.

• Kalyanapuram C Block 7th Street: Rs 1,600 per sq.ft (2024)
• Kalyanapuram C Block 9th Street: Rs 1,600 per sq.ft (2024)
• Kalyanapuram C Block 6th Street: Rs 1,600 per sq.ft (2024)
• Kalyanapuram Main Road Ab Block: Rs 1,600 per sq.ft (2024)
• Kalyanapuram C Block 5th Street: Rs 1,600 per sq.ft (2024)
• Kalyanapuram C Block 4th Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Kalyanapuram C Block 8th 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, making the total fees Rs 1,44,000. It is important to note that 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 detailed calculations.

Which Sub Registrar Office covers Kalyanapuram C Block 8th Street?

The Kalyanapuram C Block 8th Street 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

The guideline value is a crucial factor during the registration of property transactions in Perambur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the authorities use the guideline value to ensure that the transaction reflects a fair value for taxation purposes. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kalyanapuram C Block 8th Street?

The current guideline value of Kalyanapuram C Block 8th 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, and then increased to Rs 1,500 per sq.ft in 2023, before reaching Rs 1,600 per sq.ft in 2024.

What is the land classification of Kalyanapuram C Block 8th Street?

Kalyanapuram C Block 8th 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 do I calculate stamp duty and registration fees?

Stamp duty and registration fees can be calculated based on the guideline value. For example, for a property valued at 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.