Guideline Value for Kalainjar Street

Kalainjar Street guideline value

The current guideline value of Kalainjar Street is Rs 950 per sq.ft, effective from 1 July 2024. This street is located in Selaiyur village and falls under the Selaiyur SRO, classified as Residential Class IV Type - II.

How the guideline value of Kalainjar Street has changed

Over the years, the guideline value of Kalainjar Street has seen several revisions. The 2007 revision set the value at Rs 300 per sq.ft, which increased significantly to Rs 900 per sq.ft in the 2012 revision. However, this value dropped to Rs 603 per sq.ft in the 2017 revision, representing a decrease of 33%. The value then rose to Rs 900 per sq.ft in the 2023 revision, before reaching the current value of Rs 950 per sq.ft in the 2024 revision, marking a 6% increase.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 217%.

Guideline values in Selaiyur

In Selaiyur, there are 478 streets under the Selaiyur SRO, with guideline values ranging from Rs 850 to Rs 6,500 per sq.ft. The median guideline value in the village is Rs 2,200 per sq.ft, indicating that Kalainjar Street's 2024 figure is below this median.

• Kalaivani Street: Rs 950 per sq.ft (2024)
• Kalamegam Street: Rs 4,400 per sq.ft (2024)
• Kalamegam Street Extn: Rs 4,400 per sq.ft (2024)
• Kalidaser Street: Rs 2,200 per sq.ft (2024)
• Kalpana Nagar: Rs 950 per sq.ft (2024)
• Kaide Millath Street: Rs 950 per sq.ft (2024)

Stamp duty and registration fee for property in Kalainjar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 950 per sq.ft, the total guideline value amounts to Rs 9,50,000. The stamp duty at 7% would be Rs 66,500, and the registration fee at 2% would be Rs 19,000, bringing the total cost for these fees to Rs 85,500. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kalainjar Street?

The Sub Registrar Office that covers Kalainjar Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is an essential factor when buying or selling property in Selaiyur, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, helping to maintain transparency in property dealings. Buyers and sellers should be aware of these values to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Kalainjar Street?

The current guideline value of Kalainjar Street is Rs 950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 950 per sq.ft in 2024, reflecting an overall increase of 217% over this period.

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

Other streets in Selaiyur with similar guideline values include Kalaivani Street and Kaide Millath Street, both at Rs 950 per sq.ft in 2024.

What is the stamp duty and registration fee for a property in Kalainjar Street?

The stamp duty for a property valued at Rs 9,50,000 would be Rs 66,500, and the registration fee would be Rs 19,000, totaling Rs 85,500 for a 1,000 sq.ft plot.

Which Sub Registrar Office should I visit for properties in Kalainjar Street?

You should visit the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073, for all property transactions related to Kalainjar Street.