Guideline Value for Kalaignar Street (7)

Kalaignar Street (7) guideline value

The current guideline value of Kalaignar Street (7) is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Pozhichalur village and falls under the Pammal Sub Registrar Office (SRO). The land classification for this street is Residential Class I Type - I.

How the guideline value of Kalaignar Street (7) has changed

The guideline value for Kalaignar Street (7) has seen significant changes over the years. In the 2017 revision, the value was Rs 1,005 per sq.ft. This increased to Rs 1,500 per sq.ft in the 2023 revision, marking a 49% increase. The most recent revision in 2024 has set the guideline value at Rs 1,650 per sq.ft, which is a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. 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 guideline values ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median guideline value in the village is Rs 1,320 per sq.ft, placing Kalaignar Street (7) above this median.

• Kalaignar Street (13): Rs 1,650 per sq.ft (2024)
• Kalaignar Street Vinayaga Nagar: Rs 1,650 per sq.ft (2024)
• Kalaignar Street (1): 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 (7)

For a 1,000 sq.ft plot at the current rate of Rs 1,650 per sq.ft, the guideline value is 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 to Rs 1,48,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kalaignar Street (7)?

The Sub Registrar Office that covers Kalaignar Street (7) is 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 a crucial factor in the registration process when buying or selling property in Pozhichalur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that all transactions are recorded at a fair value.

When a property is sold, the guideline value helps in calculating the stamp duty and registration fees, which are essential for the legal transfer of ownership. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kalaignar Street (7)?

The current guideline value of Kalaignar Street (7) is Rs 1,650 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 1,005 per sq.ft to Rs 1,650 per sq.ft in 2024, which is a total increase of 64% over this period.

What are the registration fees for properties in Kalaignar Street (7)?

The registration fees for properties are calculated based on the guideline value. For example, for a property valued at Rs 16,50,000, the registration fee at 2% would be Rs 33,000.

Which Sub Registrar Office covers this street?

The Pammal Sub Registrar Office covers Kalaignar Street (7), located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How does the guideline value affect property transactions?

The guideline value is used to determine the minimum value for property registration, impacting the calculation of stamp duty and registration fees during transactions. It ensures that properties are registered at a fair value, reflecting the market standards.