Guideline Value for Kalaignar Street (1)

Kalaignar Street (1) guideline value

The current guideline value of Kalaignar Street (1) 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 Street (1) has changed

Over the years, the guideline value of Kalaignar Street (1) has seen significant changes. The 2017 revision recorded a value of Rs 1,005 per sq.ft, which increased to Rs 1,500 per sq.ft in the 2023 revision. The current 2024 revision has further increased the value to Rs 1,650 per sq.ft. The register has no figure for this street for the years 2002, 2003, 2007, and 2012.

From 2017 to 2023, the guideline value increased by 49%, and from 2023 to 2024, it rose by 10%. Overall, from 2017 to 2024, the guideline value has increased by 64%.

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, positioning Kalaignar Street (1) above this median.

• 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)
• Kalaignar 3rd Cross Street: Rs 1,650 per sq.ft (2024)
• Kalaignar 2nd Street: Rs 1,650 per sq.ft (2024)
• Kakkanji Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Kalaignar Street (1)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be 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, making the total fees Rs 1,48,500. 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 Street (1)?

Kalaignar Street (1) falls under 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 Pozhichalur

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

When buying or selling property, the guideline value helps both parties understand the expected valuation of the property. It is important to note that the registration fee and stamp duty are calculated based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Kalaignar Street (1)?

The current guideline value of Kalaignar Street (1) 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 increased from Rs 1,005 per sq.ft in 2017 to Rs 1,650 per sq.ft in 2024, marking an overall increase of 64% during this period.

What is the median guideline value in Pozhichalur?

The median guideline value for streets in Pozhichalur is Rs 1,320 per sq.ft, with Kalaignar Street (1) being above this median at Rs 1,650 per sq.ft.

What are the stamp duty and registration fees for property in Kalaignar Street (1)?

For a 1,000 sq.ft plot, the total guideline value is Rs 16,50,000, leading to a stamp duty of Rs 1,15,500 and a registration fee of Rs 33,000, totaling Rs 1,48,500.

Which office handles registrations for properties in Kalaignar Street (1)?

The Pammal Sub Registrar Office handles registrations for properties in Kalaignar Street (1), located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.