Guideline Value for Kalaignar Street

Kalaignar Street guideline value

The current guideline value of Kalaignar Street is Rs 250 per sq.ft. This street is located in Irunkattukottai_B village, under the Sriperumpudur SRO, and is classified as Residential Class IV 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 167 per sq.ft, which was then increased to Rs 250 per sq.ft in both the 2023 and 2024 revisions, reflecting a 50% increase from 2017 to 2023 and maintaining the same value from 2023 to 2024.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The most recent figure, effective from 1 July 2024, is Rs 250 per sq.ft.

Guideline values in Irunkattukottai_B

In Irunkattukottai_B, there are 54 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 250 to Rs 1,200 per sq.ft, with a median value of Rs 400 per sq.ft. The guideline value for Kalaignar Street 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 guideline value of Rs 250 per sq.ft, the total guideline value would be Rs 2,50,000. The stamp duty at 7% would amount to Rs 17,500, and the registration fee at 2% would be Rs 5,000, leading to a total cost of Rs 22,500. It is important to note that the stamp 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?

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 further assistance.

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

The guideline value is a crucial factor when registering property in Irunkattukottai_B. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the fair value of the property transaction, which is essential for both buyers and sellers to be aware of during the registration process.

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 increased from Rs 167 per sq.ft in 2017 to Rs 250 per sq.ft in both 2023 and 2024, marking a 50% increase overall from 2017 to 2024.

What is the classification of land on Kalaignar Street?

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

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.

How is stamp duty calculated for properties in Kalaignar Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500 at 7%.