Guideline Value for Kalaizhnar Street

Kalaizhnar Street guideline value

The current guideline value of Kalaizhnar Street is Rs 150 per sq.ft, effective from 1 July 2024. This street is located in Malaipattu village, under the Sunguvarchattram SRO, classified as Residential Class IV Type - I.

How the guideline value of Kalaizhnar Street has changed

Looking at the revisions, the guideline value for Kalaizhnar Street was Rs 150 per sq.ft in both the 2023 and 2024 revisions, showing no change between these years. The 2017 revision recorded a value of Rs 100 per sq.ft, indicating a 50% increase to reach the 2023 figure. The 2012 revision also had a guideline value of Rs 150 per sq.ft, which represents a decrease of 33% from the previous revision in 2017.

Overall, comparing the 2012 and 2024 revisions, the guideline value remains unchanged at Rs 150 per sq.ft. For the years 2002, 2003, and 2007, the register has no figure for this street in it.

Guideline values in Malaipattu

In Malaipattu, there are 36 streets under the Sunguvarchattram SRO that have a 2024 guideline value ranging from Rs 150 to Rs 1,181 per sq.ft. The median value for these streets is Rs 200 per sq.ft, placing Kalaizhnar Street's 2024 figure below that median.

• Kamarajar Salai: Rs 150 per sq.ft (2024)
• Kanniamman street: Rs 181 per sq.ft (2024)
• Krishnamoorthy Salai: Rs 200 per sq.ft (2024)
• Kullakarai Street: Rs 150 per sq.ft (2024)
• Lakshmi Land: Rs 150 per sq.ft (2024)
• Golden City: Rs 441 per sq.ft (2024)

Stamp duty and registration fee for property in Kalaizhnar Street

For a 1,000 sq.ft plot at the current rate of Rs 150 per sq.ft, the guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, totaling Rs 13,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kalaizhnar Street?

The Sub Registrar Office that covers Kalaizhnar 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 Malaipattu

The guideline value is a crucial factor during the registration of property transactions in Malaipattu. It serves as a benchmark for determining the minimum value of the property, ensuring that the stamp duty and registration fees are calculated accurately.

When buying or selling property, the guideline value helps in establishing a fair transaction price, as it reflects the official valuation set by the Registration Department. Buyers and sellers should be aware of the current guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kalaizhnar Street?

The current guideline value of Kalaizhnar Street is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 150 per sq.ft in both the 2023 and 2024 revisions. The value was Rs 100 per sq.ft in 2017, which shows a 50% increase to reach the 2023 figure.

What is the land classification of Kalaizhnar Street?

Kalaizhnar Street is classified as Residential Class IV Type - I, indicating its suitability for residential development.

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

The Sub Registrar Office for Kalaizhnar Street is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is stamp duty calculated for property in Kalaizhnar Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 150 per sq.ft would incur a stamp duty of Rs 10,500.