Guideline Value for Kalaivanar Street (Kenndy Nagar)

Kalaivanar Street (Kenndy Nagar) guideline value

The current guideline value of Kalaivanar Street (Kenndy Nagar) is Rs 2,350 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village under the Pammal SRO, and it falls under the Residential Class III Type - I land classification.

How the guideline value of Kalaivanar Street (Kenndy Nagar) has changed

The guideline value of Kalaivanar Street (Kenndy Nagar) has seen significant changes over the years. In the 2003 revision, the guideline value was Rs 156 per sq.ft. This increased to Rs 210 per sq.ft in 2007, marking a change of 35%. The value saw a substantial rise to Rs 1,407 per sq.ft in 2017, reflecting a remarkable increase of 570%. The 2023 revision set the value at Rs 2,099 per sq.ft, which was a 49% increase from the previous figure. The most recent revision in 2024 raised the guideline value to Rs 2,350 per sq.ft, a change of 12% from 2023.

There are no figures available for the revisions in 2002 and 2012 for this street. Overall, from the 2003 revision to the 2024 revision, the guideline value has increased by 1,406%.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 4,640 per sq.ft, with a median value of Rs 1,980 per sq.ft. The guideline value of Kalaivanar Street (Kenndy Nagar) is above this median.

• Kalaingar Karunanidhi Street (Anna Nagar): Rs 1,760 per sq.ft (2024)
• Kalivanar Street: Rs 1,320 per sq.ft (2024)
• Kamarajapuram Gandhi Street: Rs 1,760 per sq.ft (2024)
• Kamarajapuram Gandhi Street Cross Street: Rs 1,760 per sq.ft (2024)
• Kamarajapuram Kutti Nadar Street: Rs 1,760 per sq.ft (2024)
• Kamarajapuram Mariyan Street: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Kalaivanar Street (Kenndy Nagar)

For a 1,000 sq.ft plot at the current rate of Rs 2,350 per sq.ft, the guideline value amounts to Rs 23,50,000. The stamp duty at 7% would be Rs 1,64,500, and the registration fee at 2% would be Rs 47,000. Together, the total cost for stamp duty and registration fee would be Rs 2,11,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Kalaivanar Street (Kenndy Nagar)?

The Sub Registrar Office that covers Kalaivanar Street (Kenndy Nagar) is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Anakaputhur. 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 registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. 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 Kalaivanar Street (Kenndy Nagar)?

The current guideline value of Kalaivanar Street (Kenndy Nagar) is Rs 2,350 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased significantly from Rs 156 per sq.ft in 2003 to Rs 2,350 per sq.ft in 2024, marking an overall increase of 1,406%.

What is the land classification for Kalaivanar Street (Kenndy Nagar)?

Kalaivanar Street (Kenndy Nagar) is classified as Residential Class III Type - I.

Where can I find the Sub Registrar Office for this street?

The Pammal Sub Registrar Office covers Kalaivanar Street (Kenndy Nagar) and is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is the stamp duty calculated for properties on this street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value would incur a total of Rs 2,11,500 in stamp duty and registration fees.