Guideline Value for Kaklenjchavadi/Yadhaval Street

Kaklenjchavadi/Yadhaval Street guideline value

The current guideline value of Kaklenjchavadi/Yadhaval Street is Rs 2,200 per sq.ft. This street is located in Thiruneermalai village under the Pammal SRO, classified as Residential Class I Type - II.

How the guideline value of Kaklenjchavadi/Yadhaval Street has changed

The guideline value for Kaklenjchavadi/Yadhaval Street has undergone several revisions over the years. The 2017 revision set the value at Rs 1,340 per sq.ft. This increased to Rs 2,000 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent 2024 revision has established the guideline value at Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

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 the revisions in 2002, 2003, 2007, 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. The median guideline value for these streets is Rs 2,420 per sq.ft, placing Kaklenjchavadi/Yadhaval Street's 2024 figure below this median.

• Kakelanjchavadi 3rd Cross Street: Rs 2,420 per sq.ft (2024)
• Kakelanjchavadi 2nd Cross Street: Rs 2,420 per sq.ft (2024)
• Kakelanjchavadi 1st Cross Street: Rs 2,420 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 Kaklenjchavadi/Yadhaval Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total cost for these fees to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kaklenjchavadi/Yadhaval Street?

The Kaklenjchavadi/Yadhaval Street falls under the jurisdiction of 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 that need to be paid at the time of the transaction.

When a property is registered, the guideline value is considered to ensure that the appropriate fees are collected. Buyers and sellers should be aware that the fees are calculated based on the higher of the guideline value or the sale price of the property.

Frequently asked questions

What is the current guideline value of Kaklenjchavadi/Yadhaval Street?

The current guideline value of Kaklenjchavadi/Yadhaval Street is Rs 2,200 per sq.ft as per the 2024 revision.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 64% from Rs 1,340 per sq.ft to Rs 2,200 per sq.ft in 2024. The 2023 revision saw a 10% increase from Rs 2,000 per sq.ft.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which office handles the registration for Kaklenjchavadi/Yadhaval Street?

The Pammal Sub Registrar Office handles the registration for Kaklenjchavadi/Yadhaval Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It ensures that these fees are calculated based on the higher of the guideline value or the sale price of the property.