Guideline Value for Kalaigar Street

Kalaigar Street guideline value

The current guideline value of Kalaigar Street in Kerugambakkam village under the Pammal SRO is Rs 1,980 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - II land classification.

How the guideline value of Kalaigar Street has changed

The guideline value for Kalaigar Street has seen several revisions over the years. The oldest recorded figure is from the 2017 revision, which was Rs 1,206 per sq.ft. This was followed by a significant increase to Rs 1,800 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 has set the guideline value at Rs 1,980 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for Kalaigar Street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

Guideline values in Kerugambakkam

In Kerugambakkam, there are 144 streets under the Pammal SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 4,800 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Kalaigar Street's 2024 figure below this median.

• Kakkanji Street: Rs 1,100 per sq.ft (2024)
• Kalaivanar Street: Rs 1,980 per sq.ft (2024)
• Kadumpadi Amman Koil Street: Rs 1,760 per sq.ft (2024)
• Kamarajar Street: Rs 1,980 per sq.ft (2024)
• Jayaram Nagar Extn: Rs 2,750 per sq.ft (2024)
• Jayaram Nagar: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Kalaigar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value is Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total fees to Rs 1,78,200. Please note that 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 Kalaigar Street?

Kalaigar Street is covered by the Pammal Sub Registrar Office located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Kerugambakkam. It determines the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from transactions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for legal registration. This ensures transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Kalaigar Street?

The current guideline value of Kalaigar Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,206 per sq.ft in 2017 to Rs 1,980 per sq.ft in 2024, marking a 64% increase over this period.

What are the other streets in Kerugambakkam and their guideline values?

Other streets in Kerugambakkam include Kakkanji Street at Rs 1,100 per sq.ft, Kalaivanar Street at Rs 1,980 per sq.ft, Kadumpadi Amman Koil Street at Rs 1,760 per sq.ft, Kamarajar Street at Rs 1,980 per sq.ft, and Jayaram Nagar Extn and Jayaram Nagar both at Rs 2,750 per sq.ft.

What is the stamp duty for properties in Kalaigar Street?

The stamp duty for properties in Kalaigar Street is calculated at 7% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, it would amount to Rs 1,38,600.

Which office handles property registrations for Kalaigar Street?

The Pammal Sub Registrar Office handles property registrations for Kalaigar Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.