Guideline Value for Kalaivanar Street

Kalaivanar Street guideline value

The current guideline value of Kalaivanar Street in Periyakuppam village is Rs 1,100 per sq.ft, effective from 1 July 2024. This street falls under the Tiruvallur Joint 1 SRO and is classified as Residential Class I Type - III.

How the guideline value of Kalaivanar Street has changed

The guideline value for Kalaivanar Street has seen several revisions over the years. The earliest recorded figure is from 2007, when it was Rs 200 per sq.ft. This increased significantly to Rs 1,000 per sq.ft in 2012, marking a 400% rise. However, it then decreased to Rs 670 per sq.ft in 2017, reflecting a 33% drop. The value rose again to Rs 1,000 per sq.ft in 2023, and the latest revision for 2024 has set the value at Rs 1,100 per sq.ft, a 10% increase from the previous year.

Notably, there are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 450%.

Guideline values in Periyakuppam

In Periyakuppam, there are 105 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 3,300 per sq.ft. The median value is Rs 1,100 per sq.ft, which is equal to the guideline value of Kalaivanar Street.

• Kalamegam Street: Rs 550 per sq.ft (2024)
• Kamaraja Puram: Rs 1,320 per sq.ft (2024)
• Kabilar Street: Rs 550 per sq.ft (2024)
• Kamarajar Salai Main Road: Rs 1,650 per sq.ft (2024)
• Kamarajar Street: Rs 1,650 per sq.ft (2024)
• Jothi Ramalingam Street: Rs 1,100 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 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kalaivanar Street?

The Sub Registrar Office covering Kalaivanar Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.N. Road, Taluk Office Compound, Thiruvallur-602001. For more information, you can find your SRO.

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

The guideline value is a crucial factor in the registration process of property transactions in Periyakuppam. It serves as the minimum value on which stamp duty and registration fees are calculated, ensuring that property transactions are recorded at a fair value as per government standards.

Frequently asked questions

What is the current guideline value of Kalaivanar Street?

The current guideline value of Kalaivanar Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, increasing from Rs 200 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, with notable changes in between, including a drop in 2017.

What is the land classification for Kalaivanar Street?

Kalaivanar Street is classified as Residential Class I Type - III, which indicates its designation for residential purposes.

Where can I find the registration office for properties in Kalaivanar Street?

The registration office for properties in Kalaivanar Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.N. Road, Taluk Office Compound, Thiruvallur-602001.

How is stamp duty calculated for properties in Kalaivanar Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 11,00,000 would incur a stamp duty of Rs 77,000 at 7%.