Guideline Value for Kaji Saheb Street

Kaji Saheb Street guideline value

The current guideline value of Kaji Saheb Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Issa Pallavaram village, under the Pallavaram SRO, and falls under the Residential Class I Type - II land classification.

How the guideline value of Kaji Saheb Street has changed

The guideline value for Kaji Saheb Street has undergone several revisions over the years. Starting from the 2003 revision, the value was Rs 841 per sq.ft. This increased to Rs 900 per sq.ft in 2007, marking a rise of 7%. The 2012 revision saw a significant jump to Rs 3,000 per sq.ft, reflecting a 233% increase. However, in 2017, the value decreased to Rs 2,010 per sq.ft, a decline of 33%. The value then rose to Rs 3,000 per sq.ft in 2023, before reaching the current figure of Rs 3,300 per sq.ft in the 2024 revision, which is a 10% increase from the previous year.

Overall, from the 2003 revision to the 2024 revision, the guideline value has increased by 292%. It is important to note that there is no figure available for Kaji Saheb Street in the 2002 revision.

Guideline values in Issa Pallavaram

In Issa Pallavaram, there are 110 streets under the Pallavaram SRO that carry a guideline value for 2024, ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, which is equal to the current guideline value of Kaji Saheb Street.

• Kamaraj Nagar: Rs 2,200 per sq.ft (2024)
• Kamaraj Nagar ( 1 To 4 Streets): Rs 2,200 per sq.ft (2024)
• Kamaraj Street: Rs 2,200 per sq.ft (2024)
• Kambar Street: Rs 2,200 per sq.ft (2024)
• Kannabiran Koil Street (PART): Rs 2,200 per sq.ft (2024)
• Jagajeevanram Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Kaji Saheb Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, while the registration fee at 2% would be Rs 66,000, bringing the total fees to Rs 2,97,000. 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 to estimate your fees.

Which Sub Registrar Office covers Kaji Saheb Street?

The Sub Registrar Office that covers Kaji Saheb Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Issa Pallavaram. 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 guideline value is used to calculate the applicable duties and fees, ensuring that the transaction is recorded accurately in accordance with the prevailing regulations.

Frequently asked questions

What is the current guideline value of Kaji Saheb Street?

The current guideline value of Kaji Saheb Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 841 per sq.ft in 2003 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 292% over this period.

What is the land classification for Kaji Saheb Street?

Kaji Saheb Street falls under the Residential Class I Type - II land classification.

Where can I find the Sub Registrar Office for Kaji Saheb Street?

The Sub Registrar Office for Kaji Saheb Street is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Kaji Saheb Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 at a rate of 7%.