Guideline Value for KALYANAPURAM C BLOCK

Kalyanapuram C Block guideline value

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

How the guideline value of Kalyanapuram C Block has changed

The guideline value for Kalyanapuram C Block has seen several revisions over the years. In 2002, the value was Rs 398 per sq.ft, which increased to Rs 437 per sq.ft in 2003, marking a 10% rise. By 2007, the value jumped significantly to Rs 500 per sq.ft, reflecting a 14% increase. The value then surged to Rs 1,500 per sq.ft in 2012, which was a substantial 200% increase from the previous revision. However, in 2017, the value decreased to Rs 1,005 per sq.ft, a decline of 33% from 2012. The value rose again to Rs 1,500 per sq.ft in 2023, and most recently, it has reached Rs 1,600 per sq.ft in 2024, representing a 7% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 302%. The register has no figures for the years not explicitly mentioned for this street.

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 C Block's 2024 guideline value is below this median.

• Kalyanapuram B Block 4th Street: Rs 1,600 per sq.ft (2024)
• Kalyanapuram C Block 10th Street: Rs 1,600 per sq.ft (2024)
• Kalyanapuram B Block 3rd Street: Rs 1,600 per sq.ft (2024)
• Kalyanapuram C Block 1&2 Cross Street: Rs 1,600 per sq.ft (2024)
• Kalyanapuram B Block 2nd Street: Rs 1,600 per sq.ft (2024)
• Kalyanapuram C Block 1 & Lane: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Kalyanapuram C Block

For a 1,000 sq.ft plot at the current guideline rate 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, while the registration fee at 2% would be Rs 32,000, bringing the total 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 the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kalyanapuram C Block?

The Purasaivakkam Sub Registrar Office covers Kalyanapuram C Block and is located at 93/1, Bricklin Road, Otteri, Chennai-600 012. You can find your SRO online for more information.

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

The guideline value is an essential reference point when registering property in Perambur. It helps determine the applicable stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

When buying or selling property, it is crucial to be aware of the current guideline value to ensure compliance with registration requirements and to understand the financial implications of the transaction.

Frequently asked questions

What is the current guideline value of Kalyanapuram C Block?

The current guideline value of Kalyanapuram C 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 several times, starting from Rs 398 per sq.ft in 2002 to Rs 1,600 per sq.ft in 2024, showing an overall increase of 302% over this period.

What is the land classification for Kalyanapuram C Block?

Kalyanapuram C Block is classified as Residential Class V Type - I, which indicates its intended use for residential purposes.

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 stamp duty calculated for properties in Kalyanapuram C Block?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate incurs a total stamp duty of Rs 1,12,000.