Guideline Value for Kalappan Nayakkar Street 1st Lane

Kalappan Nayakkar Street 1st Lane guideline value

The current guideline value for Kalappan Nayakkar Street 1st Lane is Rs 3,520 per sq.ft, effective from 1 July 2024. This street is located in Porur village, under the Kunrathur SRO, and is classified as Residential Special Type - II.

How the guideline value of Kalappan Nayakkar Street 1st Lane has changed

The guideline value for this street has seen several revisions over the years. The 2012 revision set the value at Rs 3,200 per sq.ft, which then decreased to Rs 2,144 per sq.ft in 2017. Following this, the value increased significantly to Rs 3,200 per sq.ft in 2023, and then to Rs 3,520 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. However, the period from 2012 to 2017 saw 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 Porur

In Porur, there are 530 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 2,860 to Rs 6,380 per sq.ft, with a median value of Rs 3,960 per sq.ft. The guideline value for Kalappan Nayakkar Street 1st Lane is below this median.

• Kalappan Nayakkar Street: Rs 3,520 per sq.ft (2024)
• Kalappan Nayakkar Street 2nd Lane: Rs 3,520 per sq.ft (2024)
• Kaliamman koil II nd Street (East): Rs 3,960 per sq.ft (2024)
• Kaliamman koil II nd Street (West): Rs 3,960 per sq.ft (2024)
• Kaliamman koil Ist Street (East): Rs 3,960 per sq.ft (2024)
• Kaliamman koil Ist Street (West): Rs 3,960 per sq.ft (2024)

Stamp duty and registration fee for property in Kalappan Nayakkar Street 1st Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value amounts to Rs 35,20,000. The stamp duty at 7% would be Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, bringing the total costs together to Rs 3,16,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kalappan Nayakkar Street 1st Lane?

The Sub Registrar Office that covers Kalappan Nayakkar Street 1st Lane is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process for property transactions in Porur. It serves as the basis for calculating stamp duty and registration fees, which are mandatory when transferring property ownership.

When you buy or sell property, the guideline value ensures that the transaction is recorded at a fair value, helping to maintain transparency in property dealings. It is essential for buyers and sellers to be aware of these values to understand the costs involved in their transactions.

Frequently asked questions

What is the current guideline value of Kalappan Nayakkar Street 1st Lane?

The current guideline value of Kalappan Nayakkar Street 1st Lane is Rs 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,200 per sq.ft in 2023 to Rs 3,520 per sq.ft in 2024, marking a 10% increase. It was Rs 2,144 per sq.ft in 2017 and Rs 3,200 per sq.ft in 2012.

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 35,20,000, the stamp duty would be Rs 2,46,400 and the registration fee would be Rs 70,400, totaling Rs 3,16,800.

Which registration office covers Kalappan Nayakkar Street 1st Lane?

The Kunrathur Sub Registrar Office covers Kalappan Nayakkar Street 1st Lane, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification for Kalappan Nayakkar Street 1st Lane?

The land classification for Kalappan Nayakkar Street 1st Lane is Residential Special Type - II.