Guideline Value for KALYANAPURAM MAIN ROAD AB BLOCK

Kalyanapuram Main Road Ab Block guideline value

The current guideline value of Kalyanapuram Main Road Ab Block is Rs 1,600 per sq.ft, effective from 1 July 2024. This area is located in Perambur village and falls under the Purasaivakkam SRO. The land classification for this block is Residential Class V Type - I.

How the guideline value of Kalyanapuram Main Road Ab Block has changed

The guideline value for Kalyanapuram Main Road Ab Block has seen several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 1,005 per sq.ft. The value then rose to Rs 1,500 per sq.ft in 2023, marking a significant increase of 49%. The current guideline value is Rs 1,600 per sq.ft as of the 2024 revision, reflecting a 7% increase from the previous year.

There are no figures available for the years 2002, 2003, and 2007 in the register 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, placing the 2024 figure for Kalyanapuram Main Road Ab Block below this median.

• Kalyanapuram C Block 9th Street: Rs 1,600 per sq.ft (2024)
• Kalyanapuram C Block 8th Street: Rs 1,600 per sq.ft (2024)
• Kalyanapuram New Market Street: Rs 1,600 per sq.ft (2024)
• Kalyanapuram C Block 7th Street: Rs 1,600 per sq.ft (2024)
• Kalyanapuram C Block 6th 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 Main Road Ab 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, while the registration fee at 2% would be Rs 32,000. Together, the total cost for stamp duty and registration fee would be Rs 1,44,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kalyanapuram Main Road Ab Block?

The Kalyanapuram Main Road Ab 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 in the registration process when buying or selling property in Perambur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kalyanapuram Main Road Ab Block?

The current guideline value of Kalyanapuram Main Road Ab 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 1,500 per sq.ft in 2023 to Rs 1,600 per sq.ft in 2024, marking a 7% increase. It was Rs 1,005 per sq.ft in 2017 and Rs 1,500 per sq.ft in 2012, showing a significant rise over the years.

What is the land classification for Kalyanapuram Main Road Ab Block?

The land classification for Kalyanapuram Main Road Ab Block is Residential Class V Type - I, which indicates its suitability for residential development.

Where can I find the Sub Registrar Office for Kalyanapuram Main Road Ab Block?

The Sub Registrar Office covering Kalyanapuram Main Road Ab Block is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is the stamp duty calculated for properties in Kalyanapuram Main Road Ab Block?

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