Guideline Value for Kalaingar Karunanthi Street

Kalaingar Karunanthi Street guideline value

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

How the guideline value of Kalaingar Karunanthi Street has changed

The guideline value for Kalaingar Karunanthi Street has seen several revisions over the years. The earliest recorded figure is from 2007, where the guideline value was Rs 250 per sq.ft. This increased significantly to Rs 2,100 per sq.ft in 2012, marking a substantial rise of 740%. However, the value then decreased to Rs 1,407 per sq.ft in 2017, reflecting a drop of 33%. The value rose again to Rs 2,100 per sq.ft in 2023, and most recently, it has been set at Rs 2,310 per sq.ft in the 2024 revision, which is a 10% increase from the previous year.

There are no recorded figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 824%.

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 for these streets is Rs 2,310 per sq.ft, which is equal to the current guideline value of Kalaingar Karunanthi Street.

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

Stamp duty and registration fee for property in Kalaingar Karunanthi 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 amount to Rs 1,61,700, and the registration fee at 2% would be Rs 46,200, bringing the total fees to Rs 2,07,900. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kalaingar Karunanthi Street?

The Sub Registrar Office that covers Kalaingar Karunanthi 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 when registering property transactions in Perungalathur. It serves as a benchmark for calculating the stamp duty and registration fees that need to be paid during the transaction process.

Frequently asked questions

What is the current guideline value of Kalaingar Karunanthi Street?

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

How has the guideline value changed over the years?

Since 2007, the guideline value has increased significantly from Rs 250 per sq.ft to Rs 2,310 per sq.ft in 2024, marking an overall increase of 824%.

What is the stamp duty for properties on Kalaingar Karunanthi Street?

The stamp duty for properties on Kalaingar Karunanthi Street is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Kalaingar Karunanthi Street?

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

What are the other streets with similar guideline values in Perungalathur?

Other streets in Perungalathur with similar guideline values include Kalaimagal Street, Kalaivanar Street, and Kalki Street, all at Rs 2,310 per sq.ft in 2024.