Guideline Value for Kalaivanar Street

Kalaivanar Street guideline value

The current guideline value of Kalaivanar Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Chitlapakkam village under the Tambaram Joint 1 SRO, classified as Residential Class I Type - III.

How the guideline value of Kalaivanar Street has changed

In the 2012 revision, the guideline value was set at Rs 1,500 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 1,005 per sq.ft, marking a drop of 33%. However, from 2017 to 2023, the guideline value increased significantly to Rs 1,500 per sq.ft, a rise of 49%. The most recent revision in 2024 saw the guideline value increase to Rs 1,650 per sq.ft, reflecting a 10% increase from the previous year.

The revisions for the years 2002, 2003, and 2007 have no figure recorded for this street in the register.

Guideline values in Chitlapakkam

In Chitlapakkam, there are 548 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median guideline value is Rs 1,650 per sq.ft, which is the same as the 2024 figure for Kalaivanar Street.

• Kalaivani Street: Rs 1,650 per sq.ft (2024)
• Kalaimagal Street: Rs 1,650 per sq.ft (2024)
• Kalidasar Street: Rs 1,650 per sq.ft (2024)
• Kalyanasundaram 1st Cross Street: Rs 1,650 per sq.ft (2024)
• Kalyanasundaram 2nd Cross Street: Rs 1,650 per sq.ft (2024)
• Kalyanasundaram 3rd Cross Street: Rs 1,650 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 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, making the total cost for these fees Rs 1,48,500. 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 accurate calculations.

Which Sub Registrar Office covers Kalaivanar Street?

Kalaivanar Street falls under the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Chitlapakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of Kalaivanar Street?

The current guideline value of Kalaivanar Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally rose to Rs 1,650 per sq.ft in 2024.

What is the land classification of Kalaivanar Street?

Kalaivanar Street is classified as Residential Class I Type - III, indicating its suitability for residential development.

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

The Sub Registrar Office covering Kalaivanar Street is the Tambaram Joint 1 SRO, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is stamp duty calculated for properties in Chitlapakkam?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 at a rate of 7%.