Guideline Value for Kalaignar Street

Kalaignar Street guideline value

The current guideline value of Kalaignar Street is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Manimangalam A village under the Padappai SRO, classified as Residential Class I Type - I.

How the guideline value of Kalaignar Street has changed

The guideline value for Kalaignar Street has seen several revisions over the years. The 2017 revision set the value at Rs 536 per sq.ft, which increased significantly to Rs 800 per sq.ft in 2023. The latest revision in 2024 brought the guideline value to Rs 880 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has risen by 64%.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. However, the upward trend in the guideline value is evident from the changes recorded between the available revisions.

Guideline values in Manimangalam A

In Manimangalam A, there are 112 streets under the Padappai SRO with a 2024 guideline value ranging from Rs 550 to Rs 2,500 per sq.ft. The median guideline value is Rs 880 per sq.ft, which is equal to the 2024 figure for Kalaignar Street.

• Kalathu Mettu Street: Rs 880 per sq.ft (2024)
• JK Avenue: Rs 880 per sq.ft (2024)
• Kamarajar Street: Rs 880 per sq.ft (2024)
• Kani Nagar: Rs 880 per sq.ft (2024)
• Kani Nagar Extn: Rs 880 per sq.ft (2024)
• Kannaki Street: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Kalaignar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, while the registration fee at 2% would be Rs 17,600, bringing the total charges to Rs 79,200. It is important to 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 detailed calculations.

Which Sub Registrar Office covers Kalaignar Street?

Kalaignar Street falls under the jurisdiction of the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. To locate your specific SRO, you can find your SRO.

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

The guideline value is a crucial factor in property transactions in Manimangalam A, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees applicable during the sale or purchase of a property.

When you buy or sell property in this area, it is essential to be aware of the current guideline value, as it directly influences the cost of registration. Buyers should ensure that they are prepared for these additional costs based on the guideline value set for the property.

Frequently asked questions

What is the current guideline value of Kalaignar Street?

The current guideline value of Kalaignar Street is Rs 880 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 536 per sq.ft to Rs 880 per sq.ft in 2024, representing an overall increase of 64%.

What are the stamp duty and registration fees for properties on Kalaignar Street?

For a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600, and the registration fee would be Rs 17,600, totaling Rs 79,200.

Which office handles property registrations for Kalaignar Street?

The Padappai Sub Registrar Office is responsible for property registrations for Kalaignar Street, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is the guideline value determined for properties in Manimangalam A?

The guideline value for properties in Manimangalam A is determined by the Registration Department's guideline value register, which is revised periodically to reflect changes in land classification and market conditions.