Guideline Value for Kalangal Street

Kalangal Street guideline value

The current guideline value of Kalangal Street in Pulikoradu village is Rs 880 per sq.ft, effective from 1 July 2024. This street falls under the Tambaram Joint 1 SRO and is classified as Residential Class II Type - III.

How the guideline value of Kalangal Street has changed

The guideline value for Kalangal Street has seen significant changes over the years. In 2007, the value was Rs 200 per sq.ft, which increased to Rs 600 per sq.ft in 2012, marking a substantial rise of 200%. By 2023, the value further increased to Rs 800 per sq.ft, reflecting a 33% increase from the previous revision. The most recent revision in 2024 set the value at Rs 880 per sq.ft, which is a 10% increase from 2023.

There are no figures available for the revisions in 2002, 2003, and 2017 for Kalangal Street. Overall, the guideline value has increased by 340% from Rs 200 per sq.ft in 2007 to Rs 880 per sq.ft in 2024.

Guideline values in Pulikoradu

In Pulikoradu village, there are 62 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 6,600 per sq.ft. The median value for these streets is Rs 880 per sq.ft, making Kalangal Street's 2024 figure equal to this median.

• Kamban Street: Rs 880 per sq.ft (2024)
• Jayalalitha Street: Rs 1,100 per sq.ft (2024)
• Jain Avenue: Rs 2,200 per sq.ft (2024)
• Karunanidhi Nagar: Rs 880 per sq.ft (2024)
• Kasthuribai Nagar: Rs 1,100 per sq.ft (2024)
• Hill Grove Town: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Kalangal Street

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total fees to Rs 79,200. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kalangal Street?

The Sub Registrar Office that covers Kalangal Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Pulikoradu. It is used to determine the stamp duty and registration fees applicable when buying or selling property, ensuring that the transaction is recorded accurately and legally.

When a buyer or seller approaches the registration office, the guideline value will be referenced to calculate the necessary fees. This ensures that all property transactions are conducted transparently and in accordance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Kalangal Street?

The current guideline value of Kalangal Street is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 200 per sq.ft to Rs 880 per sq.ft in 2024, marking an overall increase of 340%.

What is the land classification for Kalangal Street?

Kalangal Street is classified as Residential Class II Type - III under the Tambaram Joint 1 SRO.

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

For a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 79,200, which includes stamp duty and registration fees.

Where is the Sub Registrar Office for Kalangal Street located?

The Tambaram Joint 1 Sub Registrar Office is located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone.