Guideline Value for Kalaivani Street

Kalaivani Street guideline value

The current guideline value of Kalaivani Street in Maathoor village is Rs 500 per sq.ft, effective from 1 July 2024. This street falls under the Sunguvarchattram SRO and is classified as Residential Special 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 2012, the value was Rs 500 per sq.ft, which remained unchanged until the next revision in 2017, where it decreased to Rs 335 per sq.ft. This was followed by a significant increase in 2023, bringing the value back to Rs 500 per sq.ft. The latest revision in 2024 also maintains this value at Rs 500 per sq.ft, indicating no change from the previous year.

Notably, 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 remained at Rs 500 per sq.ft, despite fluctuations in earlier years.

Guideline values in Maathoor

In Maathoor, there are 47 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 250 to Rs 2,687 per sq.ft. The median value is Rs 500 per sq.ft, which aligns with the guideline value of Kalaivani Street.

• Kabilar Street: Rs 500 per sq.ft (2024)
• Kambar Nagar: Rs 400 per sq.ft (2024)
• Kambar Street: Rs 500 per sq.ft (2024)
• Kattabomman street: Rs 500 per sq.ft (2024)
• K.G.V Nagar: Rs 250 per sq.ft (2024)
• Indhira Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Kalaivani Street

For a 1,000 sq.ft plot at the current rate of Rs 500 per sq.ft, the guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, totaling Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, 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 Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Maathoor. It determines the amount of stamp duty and registration fees that must be paid, ensuring that the transaction is legally recorded and compliant with local regulations.

When a property is sold, the guideline value serves as a reference point for calculating the applicable fees. Buyers should be aware that the duty is charged based on the higher of the guideline value or the sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Kalaivani Street?

The current guideline value of Kalaivani Street is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then back to Rs 500 per sq.ft in 2023 and 2024. There are no figures available for the years 2002, 2003, and 2007.

What is the land classification of Kalaivani Street?

Kalaivani Street is classified as Residential Special Type - III under the Sunguvarchattram SRO.

What are the stamp duty and registration fees for property in Kalaivani Street?

For a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000 and the registration fee would be Rs 10,000, totaling Rs 45,000.

Which office handles registrations for Kalaivani Street?

The Sunguvarchattram Sub Registrar Office is responsible for registrations in Kalaivani Street, located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.