Guideline Value for Kalaimagal Street

Kalaimagal Street guideline value

The current guideline value of Kalaimagal Street is Rs 2,310 per sq.ft, effective from 1 July 2024. This street is located in Perungalathur village, under the Padappai SRO, classified as Residential Class II Type - I.

How the guideline value of Kalaimagal Street has changed

The guideline value for Kalaimagal Street has undergone several revisions over the years. In 2007, the value was Rs 250 per sq.ft, which increased significantly to Rs 2,100 per sq.ft in 2012. However, it dropped to Rs 1,407 per sq.ft in 2017 before rising to Rs 2,100 per sq.ft again in 2023. The latest revision in 2024 set the value at Rs 2,310 per sq.ft, reflecting a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. The drastic change from 2007 to 2012 saw a decrease of 33%, while the jump from 2007 to 2012 was a remarkable 740%. Overall, from 2007 to 2024, the guideline value has increased by 824%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median value is Rs 2,310 per sq.ft, which is also the 2024 figure for Kalaimagal Street.

• Kalaingar Karunanthi Street: Rs 2,310 per sq.ft (2024)
• Kalaignar Salai: Rs 1,320 per sq.ft (2024)
• Kalaivanar Street: Rs 2,310 per sq.ft (2024)
• Kakkanji Street: Rs 1,980 per sq.ft (2024)
• Kaja Hayath Nagar: Rs 2,970 per sq.ft (2024)
• Kalki Street: Rs 2,310 per sq.ft (2024)

Stamp duty and registration fee for property in Kalaimagal Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,310 per sq.ft, the total guideline value would be Rs 23,10,000. The stamp duty at 7% would be Rs 1,61,700, and the registration fee at 2% would be Rs 46,200, bringing the total to Rs 2,07,900. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kalaimagal Street?

The Sub Registrar Office that covers Kalaimagal Street is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Perungalathur. It serves as the basis for calculating stamp duty and registration fees, which are mandatory for property transactions.

When a property is sold, the buyer must pay the stamp duty 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 Street?

The current guideline value of Kalaimagal Street is Rs 2,310 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 250 per sq.ft in 2007 to Rs 2,310 per sq.ft in 2024, reflecting an overall increase of 824% over this period.

What is the registration office for Kalaimagal Street?

The registration office for Kalaimagal Street is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

What are the stamp duty and registration fees for property in Kalaimagal Street?

For a 1,000 sq.ft property, the total guideline value is Rs 23,10,000. The stamp duty at 7% would be Rs 1,61,700, and the registration fee at 2% would be Rs 46,200, totaling Rs 2,07,900.

What other streets in Perungalathur have similar guideline values?

Other streets in Perungalathur with similar guideline values include Kalaingar Karunanthi Street and Kalaivanar Street, both at Rs 2,310 per sq.ft in 2024.