Guideline Value for Kalaivani Street Extension

Kalaivani Street Extension guideline value

The current guideline value of Kalaivani Street Extension is Rs 1,320 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 - III.

How the guideline value of Kalaivani Street Extension has changed

The guideline value for Kalaivani Street Extension has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which was then reduced to Rs 804 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 1,200 per sq.ft. The most recent 2024 revision increased the value to Rs 1,320 per sq.ft, a rise of 10% 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 the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

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 for these streets is Rs 1,650 per sq.ft, which means that the 2024 value of Kalaivani Street Extension is below this median.

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

Stamp duty and registration fee for property in Kalaivani Street Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total fees together to Rs 1,18,800. Please 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 accurate calculations.

Which Sub Registrar Office covers Kalaivani Street Extension?

The Sub Registrar Office that covers Kalaivani Street Extension 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 is a crucial component in the property registration process in Peerklankaranai. It serves as a benchmark for determining the stamp duty and registration fees payable during the sale or purchase of property. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements.

When registering a property, the guideline value will be used to calculate the applicable fees, which are charged based on the higher of the guideline value or the sale price. This ensures that the registration process is transparent and standardized across different properties.

Frequently asked questions

What is the current guideline value of Kalaivani Street Extension?

The current guideline value of Kalaivani Street Extension is Rs 1,320 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 in 2024 showing an increase to Rs 1,320 per sq.ft from Rs 1,200 per sq.ft in 2023, marking a 10% rise.

What is the land classification for Kalaivani Street Extension?

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

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7%, and the registration fee is 2%. For example, a 1,000 sq.ft plot would incur total fees of Rs 1,18,800 based on the current guideline value.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Kalaivani Street Extension is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.