Guideline Value for KALYANASUNDHARAM STREET

Kalyanasundharam Street guideline value

The current guideline value of Kalyanasundharam Street is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Minjur village under the Ponneri SRO and is classified as Residential Class II Type - I.

How the guideline value of Kalyanasundharam Street has changed

The guideline value for Kalyanasundharam Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 550 per sq.ft, an increase from Rs 500 per sq.ft in 2023, which reflects a change of +10%. Prior to that, in 2017, the guideline value was Rs 335 per sq.ft, marking a significant increase of +49% when compared to the 2023 figure.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by +64%. It is important to note that there are no figures available for Kalyanasundharam Street in the revisions for the years 2002, 2003, 2007, and 2012.

Guideline values in Minjur

In Minjur, there are 179 streets under the Ponneri SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 1,320 per sq.ft. The median value is Rs 550 per sq.ft, which is equal to the current guideline value of Kalyanasundharam Street.

• Kamadhenu Nagar: Rs 550 per sq.ft (2024)
• Kamala Nagar: Rs 1,320 per sq.ft (2024)
• Kalancheri Salai: Rs 880 per sq.ft (2024)
• Kalaignar Nagar: Rs 550 per sq.ft (2024)
• Kakkanji Colony: Rs 550 per sq.ft (2024)
• Kanagadurgambal Nagar: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Kalyanasundharam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty, charged at 7%, amounts to Rs 38,500, while the registration fee at 2% is Rs 11,000. Together, these fees total Rs 49,500. It is important to note that duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kalyanasundharam Street?

Kalyanasundharam Street falls under the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Minjur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Kalyanasundharam Street?

The current guideline value of Kalyanasundharam Street is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 335 per sq.ft to Rs 550 per sq.ft in 2024, marking an overall increase of +64% over this period.

What is the stamp duty rate for properties in Kalyanasundharam Street?

The stamp duty for properties in Kalyanasundharam Street is charged at a rate of 7% on the guideline value or the sale price, whichever is higher.

Where can I find the Ponneri Sub Registrar Office?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

What is the land classification for Kalyanasundharam Street?

Kalyanasundharam Street is classified as Residential Class II Type - I, indicating its suitability for residential development.