Guideline Value for Kalaivani 1st Cross Street

Kalaivani 1st Cross Street guideline value

The current guideline value of Kalaivani 1st Cross Street is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Peerklankaranai village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Kalaivani 1st Cross Street has changed

The guideline value for Kalaivani 1st Cross Street has seen several revisions over the years. The earliest recorded revision is from 2012, where the value was Rs 1,800 per sq.ft. This remained unchanged until the 2017 revision, which saw a significant decrease to Rs 1,206 per sq.ft, marking a drop of 33%. The value then increased to Rs 1,800 per sq.ft in the 2023 revision, followed by the current figure of Rs 1,980 per sq.ft in the 2024 revision, representing a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Peerklankaranai

In Peerklankaranai, there are 322 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 4,400 per sq.ft. The median guideline value in the village is Rs 1,650 per sq.ft, and the current value for Kalaivani 1st Cross Street is above this median.

• Kalaivani 2nd Cross Street: Rs 1,980 per sq.ft (2024)
• Kalaivani 3nd Cross Street: Rs 1,980 per sq.ft (2024)
• Kalainjar Nedunjalai 7 th Cross Street: Rs 2,200 per sq.ft (2024)
• Kalainjar Nedunjalai 6 th Cross Street: Rs 2,200 per sq.ft (2024)
• Kalainjar Nedunjalai 5 th Cross Street: Rs 2,200 per sq.ft (2024)
• Kalaivani Street: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Kalaivani 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, while the registration fee at 2% would be Rs 39,600, bringing the total charges to Rs 1,78,200. It is important to note that 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 Kalaivani 1st Cross Street?

The Sub Registrar Office that covers Kalaivani 1st Cross Street is 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 Peerklankaranai

The guideline value plays a crucial role during the registration of property transactions in Peerklankaranai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. 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 Kalaivani 1st Cross Street?

The current guideline value of Kalaivani 1st Cross Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has changed significantly, with the most recent revision being Rs 1,980 per sq.ft in 2024, an increase from Rs 1,800 per sq.ft in 2023. The value saw a drop to Rs 1,206 per sq.ft in 2017 from Rs 1,800 per sq.ft in 2012.

What are the other streets with similar guideline values in Peerklankaranai?

Other streets in Peerklankaranai with similar guideline values include Kalaivani 2nd Cross Street and Kalaivani 3nd Cross Street, both at Rs 1,980 per sq.ft in 2024.

What is the registration fee for property in Kalaivani 1st Cross Street?

The registration fee for property in Kalaivani 1st Cross Street is calculated at 2% of the guideline value. For example, for a property valued at Rs 19,80,000, the registration fee would be Rs 39,600.

Where can I find the Sub Registrar Office for Kalaivani 1st Cross Street?

The Sub Registrar Office for Kalaivani 1st Cross Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, mes Road, East Tambaram, Chennai-600059. You can find more information by visiting the relevant link.