Guideline Value for Kalaignar Street (13)

Kalaignar Street (13) guideline value

The current guideline value of Kalaignar Street (13) is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Pozhichalur village, under the Pammal SRO, and falls under the Residential Class I Type - I land classification.

How the guideline value of Kalaignar Street (13) has changed

The guideline value for Kalaignar Street (13) has seen significant 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 the 2023 revision. The most recent revision in 2024 has raised the guideline value to Rs 1,650 per sq.ft, marking 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. The increase from 2017 to 2023 was 49%, demonstrating a substantial rise in the guideline value over that period.

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 guideline value for these streets is Rs 1,320 per sq.ft, placing Kalaignar Street (13) above this median with its current value of Rs 1,650 per sq.ft.

• Kalaignar Street (1): 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 (13)

For a 1,000 sq.ft plot at the current rate of Rs 1,650 per sq.ft, the guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, totaling 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 also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kalaignar Street (13)?

The Sub Registrar Office that covers Kalaignar Street (13) is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 critical factor during the registration of 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 stamp duty and registration fees based on this value.

When buying or selling property, it is essential to be aware of the current guideline value, as it directly influences the financial aspects of the transaction. Buyers should ensure that they are informed about the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kalaignar Street (13)?

The current guideline value of Kalaignar Street (13) 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 1,650 per sq.ft in 2024, reflecting a 64% increase over this period.

What is the median guideline value for streets in Pozhichalur?

The median guideline value for streets in Pozhichalur is Rs 1,320 per sq.ft, with Kalaignar Street (13) being above this median at Rs 1,650 per sq.ft.

What are the stamp duty and registration fees for a property in Kalaignar Street (13)?

For a 1,000 sq.ft plot at Rs 1,650 per sq.ft, the total guideline value is Rs 16,50,000. The stamp duty would be Rs 1,15,500, and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Which office handles the registration for properties in Kalaignar Street (13)?

The Pammal Sub Registrar Office handles the registration for properties in Kalaignar Street (13), located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.