Guideline Value for Kalaivanar Street

Kalaivanar Street guideline value

The current guideline value of Kalaivanar Street is Rs 1,200 per sq.ft, as per the 2023 revision. This street is located in Vandalur village under the Gooduvancheri SRO, and it falls under the Residential Class I Type - I land classification.

How the guideline value of Kalaivanar Street has changed

The guideline value for Kalaivanar Street has undergone several revisions over the years. The earliest recorded value was Rs 550 per sq.ft in 2007, which increased significantly to Rs 1,200 per sq.ft in 2012. However, this value remained unchanged until the next revision in 2017, where it dropped to Rs 804 per sq.ft. The latest revision in 2023 saw the guideline value rise to Rs 1,200 per sq.ft again.

From 2007 to 2012, the value increased by 118%, but then it decreased by 33% from 2012 to 2017. The most notable change was from 2017 to 2023, where the value rose by 49%. Overall, from 2007 to 2023, the guideline value has increased by 118%. The register does not provide figures for the years 2002, 2003, and 2024 for this street.

Guideline values in Vandalur

Currently, there are no specific village figures provided for Vandalur. However, the guideline value of Kalaivanar Street is Rs 1,200 per sq.ft. Unfortunately, there are no other streets in Vandalur listed under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Kalaivanar Street

For a 1,000 sq.ft plot at the current rate of Rs 1,200 per sq.ft, the guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, totaling Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Kalaivanar Street?

The Sub Registrar Office that covers Kalaivanar Street is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for additional details.

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

The guideline value plays a crucial role during the registration process of property transactions in Vandalur. It is used to determine the stamp duty and registration fees that buyers and sellers must pay when transferring property ownership.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two amounts 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?

The current guideline value of Kalaivanar Street is Rs 1,200 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 550 per sq.ft in 2007 to Rs 1,200 per sq.ft in 2012, then decreased to Rs 804 per sq.ft in 2017, and finally returned to Rs 1,200 per sq.ft in 2023.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot at the current rate, the total fees would amount to Rs 1,08,000.

Which office handles property registrations for Kalaivanar Street?

The Gooduvancheri Sub Registrar Office handles property registrations for Kalaivanar Street, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

Is there a guideline value for other streets in Vandalur?

Currently, there are no other streets in Vandalur listed under the Gooduvancheri SRO, so no guideline values are available for them.