Guideline Value for Kalaimagal Saba St

Kalaimagal Saba St guideline value

The current guideline value of Kalaimagal Saba St is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Peerklankaranai village under the Tambaram Joint 1 SRO, classified as Residential Class I Type - III.

How the guideline value of Kalaimagal Saba St has changed

The guideline value for Kalaimagal Saba St has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,320 per sq.ft, a 10% increase from Rs 1,200 per sq.ft in 2023. Prior to that, in 2017, the value was Rs 804 per sq.ft, indicating a significant increase of 49% to the 2023 figure. The 2012 revision also recorded a value of Rs 1,200 per sq.ft, which was a decrease of 33% from the 2017 figure.

There are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Peerklankaranai

In Peerklankaranai, there are 322 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value range from Rs 880 to Rs 4,400 per sq.ft, with a median value of Rs 1,650 per sq.ft. The guideline value of Kalaimagal Saba St is below this median.

• Kalaimagal St: Rs 1,320 per sq.ft (2024)
• Kalaijar Nedunchalai Street: Rs 3,300 per sq.ft (2024)
• Kalaijar Nedunchalai Extn: Rs 2,200 per sq.ft (2024)
• Kalainjar Nedunjalai 1st Cross Street: Rs 2,200 per sq.ft (2024)
• Kalainjar Nedunjalai 2nd Cross Street: Rs 2,200 per sq.ft (2024)
• Kalainjar Nedunjalai 3rd Cross Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Kalaimagal Saba St

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, making the total fees Rs 1,18,800. It is important to note that 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 accurate calculations.

Which Sub Registrar Office covers Kalaimagal Saba St?

The Sub Registrar Office that covers Kalaimagal Saba St is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, 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 Peerklankaranai

The guideline value is a critical factor when buying or selling property in Peerklankaranai. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the transaction is recorded accurately in the public registry.

When a property is sold, the buyer is required to pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Kalaimagal Saba St?

The current guideline value of Kalaimagal Saba St is Rs 1,320 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2023 to Rs 1,320 per sq.ft in 2024, a 10% increase. From 2017 to 2023, it increased by 49%, while from 2012 to 2017, it decreased by 33%.

What is the median guideline value in Peerklankaranai?

The median guideline value in Peerklankaranai is Rs 1,650 per sq.ft, with the values for various streets ranging from Rs 880 to Rs 4,400 per sq.ft.

What are the stamp duty and registration fees for properties in this area?

Stamp duty is charged at 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher. For example, on a 1,000 sq.ft plot at Rs 1,320 per sq.ft, the total fees would be Rs 1,18,800.

Where is the Sub Registrar Office for Kalaimagal Saba St located?

The Sub Registrar Office covering Kalaimagal Saba St is located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone.