Guideline Value for Kalaignar Street

Kalaignar Street guideline value

The current guideline value of Kalaignar Street is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Puthuper village under the Sriperumpudur SRO, and it 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 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 200 per sq.ft. The 2017 revision recorded a lower value of Rs 134 per sq.ft, marking a decrease of 33% from the 2012 figure. From 2017 to 2023, there was a significant increase of 49%, bringing it back to Rs 200 per sq.ft.

As of the 2024 revision, the guideline value remains at Rs 200 per sq.ft, indicating no change from the previous year. The register has no figures for the years 2002, 2003, and 2007 regarding this street.

Guideline values in Puthuper

Puthuper village has a total of 39 streets under the Sriperumpudur SRO with a 2024 guideline value range from Rs 100 to Rs 1,350 per sq.ft. The median value for these streets is Rs 400 per sq.ft, which means that Kalaignar Street's current guideline value is below that median.

• Kamatchi Amman Nagar: Rs 400 per sq.ft (2024)
• Kamatchi Nagar Annex: Rs 400 per sq.ft (2024)
• Kanniamman Koil Street: Rs 400 per sq.ft (2024)
• Jai Krishna Nagar Annexe: Rs 400 per sq.ft (2024)
• Jai Krishna Nagar: Rs 400 per sq.ft (2024)
• Indira Gandhi Street: Rs 200 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 200 per sq.ft, the total guideline value is Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, making the total charges Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our 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 Puthuper

The guideline value plays a crucial role in the registration process when buying or selling property in Puthuper. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the buyer and seller must ensure that the sale price is at least equal to the guideline value. If the sale price is lower than the guideline value, the higher amount will be used to calculate the necessary fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Kalaignar Street?

The current guideline value of Kalaignar Street is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft since the 2012 revision, with a decrease to Rs 134 per sq.ft in 2017 before returning to Rs 200 per sq.ft in 2023 and 2024.

What is the land classification of Kalaignar Street?

Kalaignar Street is classified under Residential Class II Type - I land classification.

What are the other streets in Puthuper with their guideline values?

Other streets in Puthuper include Kamatchi Amman Nagar, Kamatchi Nagar Annex, Kanniamman Koil Street, Jai Krishna Nagar Annexe, Jai Krishna Nagar, and Indira Gandhi Street, with values ranging from Rs 200 to Rs 400 per sq.ft in 2024.

Where is the Sub Registrar Office for Kalaignar Street located?

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