Guideline Value for Kalamegam Street (Senthil Nagar)

Kalamegam Street (Senthil Nagar) guideline value

The current guideline value of Kalamegam Street (Senthil Nagar) is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village under the Ambattur SRO, and it is classified as Residential Special Type - II.

How the guideline value of Kalamegam Street (Senthil Nagar) has changed

Over the years, the guideline value of Kalamegam Street (Senthil Nagar) has seen several revisions. The 2012 revision set the value at Rs 2,500 per sq.ft, which then decreased to Rs 1,675 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 2,500 per sq.ft, and the most recent 2024 revision raised it to Rs 2,700 per sq.ft. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, followed by a significant increase of 49% from 2017 to 2023. The value then increased by 8% from 2023 to 2024. Overall, from 2012 to 2024, there has been an increase of 8% in the guideline value.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO, with guideline values ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value in the area is Rs 2,400 per sq.ft, placing Kalamegam Street (Senthil Nagar) above this median at Rs 2,700 per sq.ft.

• Kalaizher Nagar 3rd Cross St.: Rs 2,200 per sq.ft (2024)
• Kalaizher Nagar 2nd Cross St.: Rs 2,200 per sq.ft (2024)
• Kalazagar Nagar Cholambedu: Rs 2,200 per sq.ft (2024)
• Kamalammal Avenue: Rs 1,900 per sq.ft (2024)
• Kamalammal Nagar: Rs 1,900 per sq.ft (2024)
• Kamalam Nagar: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Kalamegam Street (Senthil Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total to Rs 2,43,000. It is important to note that the 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 Kalamegam Street (Senthil Nagar)?

The Sub Registrar Office that covers Kalamegam Street (Senthil Nagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Thirumullaivoyal. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers should be aware that the guideline value may differ from the actual sale price of the property.

When a property transaction occurs, the stamp duty is calculated based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions, regardless of the negotiated sale price.

Frequently asked questions

What is the current guideline value of Kalamegam Street (Senthil Nagar)?

The current guideline value of Kalamegam Street (Senthil Nagar) is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,700 per sq.ft in 2024.

What is the land classification of Kalamegam Street (Senthil Nagar)?

Kalamegam Street (Senthil Nagar) is classified as Residential Special Type - II.

Where can I find the Sub Registrar Office for Kalamegam Street (Senthil Nagar)?

The Sub Registrar Office for Kalamegam Street (Senthil Nagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is stamp duty calculated for properties in Thirumullaivoyal?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 27,00,000, the stamp duty at 7% would be Rs 1,89,000.