Guideline Value for Kalaignar Street

Kalaignar Street guideline value

The current guideline value of Kalaignar Street in Kavulbazaar village, under the Pammal SRO, is Rs 825 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - I land classification.

How the guideline value of Kalaignar Street has changed

The guideline value for Kalaignar Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 825 per sq.ft, which is an increase from Rs 750 per sq.ft in the 2023 revision. This change represents a 10% rise. Prior to that, in 2017, the guideline value was Rs 502 per sq.ft, indicating a significant increase of 49% from 2017 to 2023. 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, indicating that the guideline values were not established in those years.

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. The median value for these streets is Rs 825 per sq.ft, which is equal to the guideline value of Kalaignar Street.

• Kalaignar Salai: 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 Street

For a 1,000 sq.ft plot at the current guideline value of Rs 825 per sq.ft, the total guideline value amounts to Rs 8,25,000. The stamp duty at 7% would be Rs 57,750, and the registration fee at 2% would be Rs 16,500, bringing the total fees to Rs 74,250. 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 details.

Which Sub Registrar Office covers Kalaignar Street?

The Sub Registrar Office that covers Kalaignar Street 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 within Kavulbazaar. It serves as a benchmark for determining the minimum price at which properties can be registered. Buyers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. These fees are essential for the legal transfer of property ownership, ensuring that all transactions are recorded accurately in the official registry.

Frequently asked questions

What is the current guideline value of Kalaignar Street?

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

How has the guideline value changed over the years?

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

Are there any years without a guideline value for Kalaignar Street?

Yes, there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for Kalaignar Street.

What is the stamp duty rate for properties in Kalaignar Street?

The stamp duty rate for properties in Kalaignar Street is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Kalaignar Street located?

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