Guideline Value for Kalaivani Street

Kalaivani Street guideline value

The current guideline value of Kalaivani Street in Kilkattalai village is Rs 2,200 per sq.ft, effective from 1 July 2024. This street falls under the Pallavaram SRO and is classified as Residential Class I Type - III.

How the guideline value of Kalaivani Street has changed

The guideline value for Kalaivani Street has seen several revisions over the years. In 2003, the guideline value was Rs 198 per sq.ft. This increased significantly to Rs 694 per sq.ft in 2007, marking a change of +251%. The value then rose to Rs 2,000 per sq.ft in 2012, reflecting an increase of +188%. However, in 2017, the value dropped to Rs 1,340 per sq.ft, a decrease of -33%. The 2023 revision saw the guideline value rise to Rs 2,000 per sq.ft, which was then increased to Rs 2,200 per sq.ft in 2024, showing a change of +10%. The register has no figure for this street in 2002.

Overall, from 2003 to 2024, the guideline value has increased by +1011%, demonstrating significant growth over the years. The latest figure of Rs 2,200 per sq.ft is below the median guideline value of Rs 2,530 per sq.ft for other streets in Kilkattalai.

Guideline values in Kilkattalai

Kilkattalai village has a total of 194 streets under the Pallavaram SRO, with guideline values ranging from Rs 1,080 to Rs 5,500 per sq.ft. The median value is Rs 2,530 per sq.ft, and Kalaivani Street's 2024 figure is below this median.

• Kalaivani 1st To 3rdcross Street: Rs 1,980 per sq.ft (2024)
• Kamaraj Nagar: Rs 3,080 per sq.ft (2024)
• Kamaraj Nagar, Rajiv Gandhi Street: Rs 3,080 per sq.ft (2024)
• Kambar Street: Rs 1,980 per sq.ft (2024)
• Jeya Nagar: Rs 2,200 per sq.ft (2024)
• Jayalakshmi Nagar: Rs 2,160 per sq.ft (2024)

Stamp duty and registration fee for property in Kalaivani Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, while the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kalaivani Street?

The Sub Registrar Office that covers Kalaivani Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when buying or selling property in Kilkattalai. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must be aware of the guideline value to ensure compliance with registration requirements.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kalaivani Street?

The current guideline value of Kalaivani Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 198 per sq.ft in 2003 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of +1011% over this period.

What is the land classification for Kalaivani Street?

Kalaivani Street is classified as Residential Class I Type - III.

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

The Sub Registrar Office for Kalaivani Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate has a total guideline value of Rs 22,00,000, leading to specific fees based on that value.