Guideline Value for Kalappan Nayakkar Street 2nd Lane

Kalappan Nayakkar Street 2nd Lane guideline value

The current guideline value of Kalappan Nayakkar Street 2nd 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 2nd Lane has changed

Looking at the historical revisions, the guideline value for Kalappan Nayakkar Street 2nd Lane was Rs 2,144 per sq.ft in 2017. It increased to Rs 3,200 per sq.ft in 2012, but this was a decrease of 33% from the previous revision. The 2023 revision set the value at Rs 3,200 per sq.ft, and the latest 2024 revision shows an increase of 10%, bringing it to Rs 3,520 per sq.ft.

Between 2017 and 2023, there was a significant increase of 49%. 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 have a 2024 guideline value ranging from Rs 2,860 to Rs 6,380 per sq.ft. The median value for these streets is Rs 3,960 per sq.ft, indicating that the guideline value of Kalappan Nayakkar Street 2nd Lane is below this median.

• Kalappan Nayakkar Street 1st Lane: Rs 3,520 per sq.ft (2024)
• Kalappan Nayakkar Street: 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 2nd Lane

For a 1,000 sq.ft plot at the current rate of Rs 3,520 per sq.ft, the 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 to Rs 3,16,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kalappan Nayakkar Street 2nd Lane?

The Sub Registrar Office that covers Kalappan Nayakkar Street 2nd Lane is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Porur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the government.

When you buy or sell property, the guideline value is used to determine the minimum value on which the stamp duty is calculated. This means that even if the sale price is lower than the guideline value, the stamp duty will still be calculated based on the guideline value.

Frequently asked questions

What is the current guideline value of Kalappan Nayakkar Street 2nd Lane?

The current guideline value of Kalappan Nayakkar Street 2nd 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 seen several changes, from Rs 2,144 per sq.ft in 2017 to Rs 3,520 per sq.ft in 2024, with significant increases in 2023 and 2024.

What is the land classification for Kalappan Nayakkar Street 2nd Lane?

Kalappan Nayakkar Street 2nd Lane is classified as Residential Special Type - II.

Where can I find the registration office for this area?

The registration office for Kalappan Nayakkar Street 2nd Lane is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a plot valued at Rs 35,20,000, the stamp duty would be calculated accordingly.