Guideline Value for Kakelanjchavadi 3rd Cross Street

Kakelanjchavadi 3rd Cross Street guideline value

The current guideline value of Kakelanjchavadi 3rd Cross Street is Rs 2,420 per sq.ft, effective from 1 July 2024. This street is located in Thiruneermalai village, under the Pammal SRO, and is classified as Residential Class I Type - I.

How the guideline value of Kakelanjchavadi 3rd Cross Street has changed

The guideline value for Kakelanjchavadi 3rd Cross Street has seen significant changes over the years. Starting from the 2003 revision, the value was Rs 301 per sq.ft, which increased to Rs 350 per sq.ft in 2007. The 2017 revision marked a substantial rise to Rs 1,474 per sq.ft, followed by an increase to Rs 2,200 per sq.ft in 2023. The latest revision in 2024 has set the value at Rs 2,420 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 704%. Notably, there are no figures available for the years 2002 and 2012 for this street.

Guideline values in Thiruneermalai

In Thiruneermalai, there are 316 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 6,240 per sq.ft, with the median value being Rs 2,420 per sq.ft. Kakelanjchavadi 3rd Cross Street's 2024 guideline value aligns with this median.

• Kakelanjchavadi 2nd Cross Street: Rs 2,420 per sq.ft (2024)
• Kakelanjchavadi 1st Cross Street: Rs 2,420 per sq.ft (2024)
• Kaklenjchavadi/Yadhaval Street: Rs 2,200 per sq.ft (2024)
• Kabilar Street: Rs 2,200 per sq.ft (2024)
• J.R.Nagar: Rs 1,320 per sq.ft (2024)
• Kamaraj Street: Rs 2,420 per sq.ft (2024)

Stamp duty and registration fee for property in Kakelanjchavadi 3rd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,420 per sq.ft, the total guideline value amounts to Rs 24,20,000. The stamp duty at 7% would be Rs 1,69,400, and the registration fee at 2% would be Rs 48,400, bringing the total to Rs 2,17,800. It is important to note that the 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 Kakelanjchavadi 3rd Cross Street?

The Kakelanjchavadi 3rd Cross Street falls under the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thiruneermalai. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that the transaction is in compliance with local regulations.

When a property is registered, the guideline value is used to calculate the applicable fees, which can impact the overall cost of the transaction. Buyers and sellers should be aware of the current guideline value to make informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Kakelanjchavadi 3rd Cross Street?

The current guideline value of Kakelanjchavadi 3rd Cross Street is Rs 2,420 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 301 per sq.ft in 2003 to Rs 2,420 per sq.ft in 2024, reflecting an overall increase of 704% over this period.

What is the stamp duty rate for properties in Kakelanjchavadi 3rd Cross Street?

The stamp duty for properties in Kakelanjchavadi 3rd Cross Street is charged at a rate of 7% on the guideline value or the sale price, whichever is higher.

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

What is the land classification of Kakelanjchavadi 3rd Cross Street?

Kakelanjchavadi 3rd Cross Street is classified as Residential Class I Type - I, indicating its suitability for residential development.