Guideline Value for Kalaignar Street

Kalaignar Street guideline value

The current guideline value of Kalaignar Street in Irunkattukottai village is Rs 250 per sq.ft, effective from 1 July 2024. This street falls under the Sriperumpudur SRO and is classified as Residential Class IV Type - I.

How the guideline value of Kalaignar Street has changed

Looking at the revisions, the guideline value for Kalaignar Street has seen several changes over the years. The 2012 revision set the value at Rs 250 per sq.ft, which remained unchanged until the 2023 revision, where it was still Rs 250 per sq.ft. The next revision in 2024 also maintained the value at Rs 250 per sq.ft, resulting in no change from the previous year. The register has no figure for this street in the years 2002, 2003, and 2007.

Prior to the 2012 revision, the guideline value was Rs 167 per sq.ft in 2017, reflecting a 50% increase from that year to 2023. However, from 2012 to 2017, there was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has remained unchanged.

Guideline values in Irunkattukottai

In Irunkattukottai, there are 56 streets under the Sriperumpudur SRO that have a 2024 guideline value ranging from Rs 250 to Rs 1,250 per sq.ft, with a median value of Rs 400 per sq.ft. Kalaignar Street's 2024 figure is below this median.

• Kajalakshmi Nagar: Rs 400 per sq.ft (2024)
• Kamachi Amman Nagar - I: Rs 600 per sq.ft (2024)
• Kamachi Amman Nagar - II: Rs 600 per sq.ft (2024)
• Kamachi Amman Nagar - III: Rs 600 per sq.ft (2024)
• Kamachi Amman Nagar - IV: Rs 600 per sq.ft (2024)
• J.S.R. Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Kalaignar Street

For a 1,000 sq.ft plot at the current rate of Rs 250 per sq.ft, the guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total to Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value and 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 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 Irunkattukottai

The guideline value is a crucial factor in the registration process of property transactions in Irunkattukottai. When a property is bought or sold, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership.

It is essential for buyers and sellers to be aware of the guideline value as it directly impacts the overall cost of the transaction. Proper understanding of this value can help in budgeting for additional costs associated with property registration.

Frequently asked questions

What is the current guideline value of Kalaignar Street?

The current guideline value of Kalaignar Street is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 167 per sq.ft in 2017 to Rs 250 per sq.ft in 2012, and it has remained at Rs 250 per sq.ft from 2012 to 2024.

What is the land classification for Kalaignar Street?

Kalaignar Street is classified as Residential Class IV Type - I under the guideline value register.

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500 and the registration fee would be Rs 5,000, totaling Rs 22,500.

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

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