Guideline Value for Kalaignar 3rd Cross Street

Kalaignar 3rd Cross Street guideline value

The current guideline value of Kalaignar 3rd Cross Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Pozhichalur village, under the Pammal SRO, and is classified as Residential Class I Type - I.

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

The guideline value for Kalaignar 3rd Cross Street has undergone several revisions over the years. The 2017 revision set the value at Rs 1,005 per sq.ft, which increased to Rs 1,500 per sq.ft in 2023. The latest revision in 2024 saw a further increase to Rs 1,650 per sq.ft, marking a 10% rise from the previous year.

Between 2017 and 2023, the guideline value increased by 49%, and overall, from 2017 to 2024, it has risen by 64%. The revisions for the years 2002, 2003, 2007, and 2012 do not have any figures recorded for this street.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median value for these streets is Rs 1,320 per sq.ft, placing Kalaignar 3rd Cross Street's 2024 figure above that median.

• Kalaignar 2nd 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 3rd Cross 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, bringing the total cost for these fees to Rs 1,48,500. 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 information.

Which Sub Registrar Office covers Kalaignar 3rd Cross Street?

The Sub Registrar Office that covers Kalaignar 3rd Cross Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, within the Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process for property transactions in Pozhichalur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps both buyers and sellers understand the fair valuation of the property. It is essential to consider this value when negotiating the sale price, as the stamp duty is calculated based on the higher of the guideline value or the sale price.

Frequently asked questions

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

The current guideline value of Kalaignar 3rd Cross Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,005 per sq.ft in 2017 to Rs 1,500 per sq.ft in 2023, and now to Rs 1,650 per sq.ft in 2024. This reflects an increase of 64% from the 2017 figure.

What is the median guideline value in Pozhichalur?

The median guideline value for the streets in Pozhichalur is Rs 1,320 per sq.ft. Kalaignar 3rd Cross Street's 2024 figure is above this median.

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

The stamp duty is charged at 7% of the guideline value or sale price, while the registration fee is 2%. For a property valued at Rs 16,50,000, the total fees would amount to Rs 1,48,500.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Kalaignar 3rd Cross Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075. You can find more information by visiting the provided link.