Guideline Value for Kalaignar Street

Kalaignar Street guideline value

The current guideline value of Kalaignar Street in Amarampedu village is Rs 150 per sq.ft, effective from the 2024 revision. This street falls under the Sriperumpudur SRO and is classified as Residential Class II Type - I.

How the guideline value of Kalaignar Street has changed

Looking at the revisions over the years, the guideline value for Kalaignar Street has seen several changes. In 2012, the value was Rs 150 per sq.ft. This remained unchanged until the 2017 revision, which saw a decrease to Rs 100 per sq.ft. Following this, the value increased by 50% to Rs 150 per sq.ft in the 2023 revision, and it has remained at Rs 150 per sq.ft in the 2024 revision. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a -33% change, but overall from 2012 to 2024, the guideline value has remained the same at Rs 150 per sq.ft. The most recent revision from 2023 to 2024 shows no change, with an increase of 50% noted from 2017 to 2023.

Guideline values in Amarampedu

Amarampedu village has 45 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 500 per sq.ft, with a median value of Rs 200 per sq.ft. The guideline value of Kalaignar Street is below this median.

• Kamarajar Street: Rs 200 per sq.ft (2024)
• Kanniamman Koil Street: Rs 150 per sq.ft (2024)
• Kannika Parameswari Nagar: Rs 200 per sq.ft (2024)
• Jai Nagar: Rs 350 per sq.ft (2024)
• Indira Gandhi Street: Rs 100 per sq.ft (2024)
• Kundrathur Main Road: Rs 500 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 150 per sq.ft, the total guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, bringing the total to Rs 13,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can also 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 Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Amarampedu. It is used to determine the stamp duty and registration fees applicable when buying or selling property. Buyers and sellers must refer to the guideline value to ensure compliance with legal requirements during registration.

When a property is registered, the guideline value is considered to establish the minimum value for taxation purposes. This means that the stamp duty is calculated based on the higher value between the guideline value and the sale price, ensuring that all transactions are fairly assessed.

Frequently asked questions

What is the current guideline value of Kalaignar Street?

The current guideline value of Kalaignar Street is Rs 150 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2012 to Rs 100 per sq.ft in 2017, then back to Rs 150 per sq.ft in 2023 and 2024, showing no overall change from 2012 to 2024.

What is the median guideline value for streets in Amarampedu?

The median guideline value for streets in Amarampedu is Rs 200 per sq.ft, with Kalaignar Street's 2024 value being below this median.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions is charged at 7% of the guideline value or sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.

Where can I find the Sub Registrar Office for Kalaignar Street?

The Sub Registrar Office for Kalaignar Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.