Guideline Value for Kalaivani Street

Kalaivani Street guideline value

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

How the guideline value of Kalaivani Street has changed

The guideline value for Kalaivani Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,800 per sq.ft, which was later reduced to Rs 1,206 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,800 per sq.ft in 2023, and then to Rs 1,980 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%, while the change from 2012 to 2017 was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no 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 have a 2024 guideline value ranging from Rs 880 to Rs 4,400 per sq.ft. The median value among these streets is Rs 1,650 per sq.ft, making the guideline value of Kalaivani Street above this median.

• Kalaivani Street Extension: Rs 1,320 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)
• Kalaivani 1st Cross Street: Rs 1,980 per sq.ft (2024)
• Kalanjar nedunsalai extn: Rs 2,200 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

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 duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kalaivani Street?

The Sub Registrar Office that covers Kalaivani Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, 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 critical factor in the registration process when buying or selling property in Peerklankaranai. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on the official valuation of the property.

When a property transaction occurs, the guideline value helps determine the minimum price at which the property can be registered. This ensures transparency and fairness in property dealings, as both buyers and sellers must adhere to the established guideline values.

Frequently asked questions

What is the current guideline value of Kalaivani Street?

The current guideline value of Kalaivani 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 from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then 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 Street?

Kalaivani Street is classified as Residential Class I Type - I according to the local land classification regulations.

Where can I find the registration office for properties in Kalaivani Street?

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

How is stamp duty calculated for properties in Kalaivani Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 19,80,000 would incur a stamp duty of Rs 1,38,600 at 7%.