Guideline Value for Kalaivanar Street

Kalaivanar Street guideline value

The current guideline value of Kalaivanar Street in Padiyanallur village is Rs 770 per sq.ft, effective from 1 July 2024. This street falls under the Redhills SRO and is classified as Residential Class I Type - I.

How the guideline value of Kalaivanar Street has changed

The guideline value for Kalaivanar Street has seen several revisions over the years. Starting from the 2003 revision, the value was Rs 171 per sq.ft, which increased significantly to Rs 400 per sq.ft in 2007. The 2012 revision saw a rise to Rs 700 per sq.ft, but this was followed by a decrease to Rs 469 per sq.ft in 2017. The value then increased to Rs 700 per sq.ft in the 2023 revision, and the latest revision in 2024 sets it at Rs 770 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 350%. The register has no figure for this street in the 2002 revision.

Guideline values in Padiyanallur

Padiyanallur village has a total of 132 streets under the Redhills SRO, with guideline values ranging from Rs 385 to Rs 2,750 per sq.ft. The median guideline value for these streets is Rs 770 per sq.ft, which is equal to the current value of Kalaivanar Street.

• Kalanchinathan Street: Rs 660 per sq.ft (2024)
• Kalpaga Nagar: Rs 1,320 per sq.ft (2024)
• Kakkanji Street: Rs 770 per sq.ft (2024)
• Kaavya Garden Annex: Rs 660 per sq.ft (2024)
• Kamarajar Nagar (Bhavani Nagar): Rs 660 per sq.ft (2024)
• Kamarajar Nagar Periya Road: Rs 385 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 770 per sq.ft, the total guideline value would be Rs 7,70,000. The stamp duty at 7% would amount to Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total charges to Rs 69,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our 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 Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Padiyanallur. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When a property is sold, the guideline value helps determine the minimum price at which the property can be registered. Buyers should be aware that the stamp duty is charged on the higher of the guideline value or the sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Kalaivanar Street?

The current guideline value of Kalaivanar Street is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 171 per sq.ft in 2003 to Rs 770 per sq.ft in 2024, reflecting an overall increase of 350% over this period.

What is the median guideline value in Padiyanallur?

The median guideline value for streets in Padiyanallur is Rs 770 per sq.ft, which is the same as the current value for Kalaivanar Street.

What are the stamp duty and registration fees for properties in Kalaivanar Street?

For a property valued at Rs 7,70,000, the stamp duty would be Rs 53,900, and the registration fee would be Rs 15,400, totaling Rs 69,300.

Which office should I visit for property registration in Kalaivanar Street?

The Redhills Sub Registrar Office is responsible for property registration in Kalaivanar Street, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.