Guideline Value for Kalaignar 2nd Street

Kalaignar 2nd Street guideline value

The current guideline value of Kalaignar 2nd Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Pozhichalur village under the Pammal SRO, classified as Residential Class I Type - I.

How the guideline value of Kalaignar 2nd Street has changed

The guideline value for Kalaignar 2nd Street has seen significant changes over the years. The 2017 revision set the value at Rs 1,005 per sq.ft. This was followed by a substantial increase to Rs 1,500 per sq.ft in the 2023 revision, marking a 49% rise. The most recent 2024 revision further increased the guideline value to Rs 1,650 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 the register has no figures for Kalaignar 2nd Street for the years 2002, 2003, 2007, and 2012.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median guideline value in this area is Rs 1,320 per sq.ft, placing Kalaignar 2nd Street's 2024 figure above this median.

• Kalaignar 3rd Cross Street: Rs 1,650 per sq.ft (2024)
• Kakkanji Street: Rs 1,100 per sq.ft (2024)
• Kalaignar Street (1): Rs 1,650 per sq.ft (2024)
• Kalaignar Street (13): Rs 1,650 per sq.ft (2024)
• Kalaignar Street (7): Rs 1,650 per sq.ft (2024)
• Kalaignar Street Vinayaga Nagar: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Kalaignar 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000. Together, the total cost for stamp duty and registration fees would be Rs 1,48,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kalaignar 2nd Street?

Kalaignar 2nd Street falls under 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 additional information.

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

The guideline value plays a crucial role when buying or selling property in Pozhichalur. It is used to determine the stamp duty and registration fees that need to be paid at the time of property registration. This ensures that the transaction is officially recorded and that the necessary taxes are collected by the government.

When a property is sold, the guideline value is often compared with the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kalaignar 2nd Street?

The current guideline value of Kalaignar 2nd Street is Rs 1,650 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 1,005 per sq.ft to Rs 1,650 per sq.ft in 2024, marking a total increase of 64% over this period.

What is the guideline value range in Pozhichalur?

The guideline values in Pozhichalur range from Rs 1,100 to Rs 4,500 per sq.ft, with a median value of Rs 1,320 per sq.ft.

What are the stamp duty rates for properties in this area?

The stamp duty for properties in Kalaignar 2nd Street is charged at 7% of the guideline value or the sale price, whichever is higher.

Where is the Pammal Sub Registrar Office located?

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