Guideline Value for Kalaignar Salai

Kalaignar Salai guideline value

The current guideline value of Kalaignar Salai is Rs 825 per sq.ft, effective from 1 July 2024. This street is located in Kavulbazaar village under the Pammal Sub Registrar Office (SRO) and is classified as Residential Class II Type - I.

How the guideline value of Kalaignar Salai has changed

The guideline value for Kalaignar Salai has undergone several revisions over the years. The oldest available figure is from the 2017 revision, which was Rs 502 per sq.ft. This increased to Rs 750 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 shows a further increase to Rs 825 per sq.ft, which is a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kavulbazaar

In Kavulbazaar, there are 44 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 825 to Rs 4,500 per sq.ft, with the median value being Rs 825 per sq.ft. The guideline value for Kalaignar Salai is equal to this median.

• Kalaignar Street: Rs 825 per sq.ft (2024)
• Kamarajar Street: Rs 825 per sq.ft (2024)
• Kamatchi Nagar: Rs 825 per sq.ft (2024)
• Kowl Bazaar Main Road: Rs 2,200 per sq.ft (2024)
• Garugambakkam Salai: Rs 825 per sq.ft (2024)
• Gandhi Street: Rs 825 per sq.ft (2024)

Stamp duty and registration fee for property in Kalaignar Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 825 per sq.ft, the total guideline value would be Rs 8,25,000. The stamp duty at 7% would amount to Rs 57,750, and the registration fee at 2% would be Rs 16,500, bringing the total cost for these fees to Rs 74,250. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kalaignar Salai?

The Sub Registrar Office that covers Kalaignar Salai is 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 Kavulbazaar

The guideline value is a crucial factor in property transactions in Kavulbazaar, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value during negotiations to ensure compliance with local regulations.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the property transfer. This ensures that the transaction is officially recognized and legally binding.

Frequently asked questions

What is the current guideline value for Kalaignar Salai?

The current guideline value for Kalaignar Salai is Rs 825 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 502 per sq.ft to Rs 825 per sq.ft in 2024, representing a total increase of 64% over this period.

What is the classification of land in Kalaignar Salai?

Kalaignar Salai is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the Pammal Sub Registrar Office?

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

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2% of the same value. Additional calculations can be done using the stamp duty and registration fee calculator.