Guideline Value for Kalaivanar Street

Kalaivanar Street guideline value

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

How the guideline value of Kalaivanar Street has changed

The guideline value for Kalaivanar Street has seen significant changes over the years. In the 2007 revision, the guideline value was Rs 300 per sq.ft, which increased to Rs 2,100 per sq.ft in 2012. However, it then decreased to Rs 1,407 per sq.ft in the 2017 revision. The 2023 revision saw a rise to Rs 2,100 per sq.ft, and the current 2024 revision has further increased it to Rs 2,310 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, the value rose by 49%, while the jump from 2012 to 2017 was a decrease of 33%. The remarkable increase from 2007 to 2012 was 600%. Overall, from 2007 to 2024, the guideline value has increased by 670%. 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, with the median being Rs 2,310 per sq.ft. The guideline value for Kalaivanar Street aligns with this median.

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

Stamp duty and registration fee for property in Kalaivanar 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 to Rs 2,07,900. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kalaivanar Street?

The Sub Registrar Office that covers Kalaivanar 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 during the registration of property transactions in Perungalathur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the transaction is recorded at a fair value.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these costs are based on the guideline value or the sale price, whichever is higher, affecting the overall expenses involved in the transaction.

Frequently asked questions

What is the current guideline value of Kalaivanar Street?

The current guideline value of Kalaivanar 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 300 per sq.ft in 2007 to Rs 2,310 per sq.ft in 2024, reflecting an overall increase of 670% over the years.

What is the land classification for Kalaivanar Street?

Kalaivanar Street falls under the Residential Class II Type - I land classification, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for Kalaivanar Street?

The Padappai Sub Registrar Office covers Kalaivanar Street and is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 23,10,000 would incur a stamp duty of Rs 1,61,700 at a rate of 7%.