Guideline Value for Kalaivani 3nd Cross Street

Kalaivani 3nd Cross Street guideline value

The current guideline value of Kalaivani 3nd Cross Street is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Peerklankaranai village, under the Tambaram Joint 1 SRO, and is classified as Residential Class I Type - I.

How the guideline value of Kalaivani 3nd Cross Street has changed

Looking at the revisions over the years, the guideline value for Kalaivani 3nd Cross Street has seen significant changes. The 2012 revision set the value at Rs 1,800 per sq.ft, which then decreased to Rs 1,206 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased sharply by 49% to reach Rs 1,800 per sq.ft again. The most recent revision in 2024 has further increased the guideline value to Rs 1,980 per sq.ft, marking a 10% rise from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Peerklankaranai

In Peerklankaranai, there are 322 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 880 to Rs 4,400 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, placing the 2024 guideline value of Kalaivani 3nd Cross Street above this median.

• Kalaivani 2nd Cross Street: Rs 1,980 per sq.ft (2024)
• Kalaivani 1st Cross Street: Rs 1,980 per sq.ft (2024)
• Kalaivani Street: Rs 1,980 per sq.ft (2024)
• Kalaivani Street Extension: Rs 1,320 per sq.ft (2024)
• Kalainjar Nedunjalai 7th Cross Street: Rs 2,200 per sq.ft (2024)
• Kalainjar Nedunjalai 6th Cross Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Kalaivani 3nd 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, and the registration fee at 2% would be Rs 39,600, bringing the total cost for these fees to Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Kalaivani 3nd Cross Street?

The Sub Registrar Office that covers Kalaivani 3nd 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 minimum value on which stamp duty and registration fees are calculated. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value helps to establish a fair price for the transaction, ensuring that both parties are aware of the minimum value that will be accepted for registration purposes. This process is essential for maintaining transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value of Kalaivani 3nd Cross Street?

The current guideline value of Kalaivani 3nd Cross Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then back to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,980 per sq.ft in 2024.

What is the land classification for Kalaivani 3nd Cross Street?

Kalaivani 3nd Cross Street is classified as Residential Class I Type - I.

Which office handles the registration for properties in this area?

The Tambaram Joint 1 Sub Registrar Office handles the registration for properties in Kalaivani 3nd Cross Street, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total guideline value is Rs 19,80,000, resulting in a stamp duty of Rs 1,38,600.