Guideline Value for Kalasethra Avenue

Kalasethra Avenue guideline value

The current guideline value of Kalasethra Avenue is Rs 500 per sq.ft, effective from 1 July 2024. This street is located in Vadakal_C village, under the Sriperumpudur SRO, and is classified as Residential Special Type - II.

How the guideline value of Kalasethra Avenue has changed

The guideline value for Kalasethra Avenue has undergone several revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 400 per sq.ft. This figure increased by 25% to Rs 500 per sq.ft in the 2024 revision.

Comparing the 2023 and 2024 revisions, there was a notable increase, reflecting a change from Rs 400 to Rs 500 per sq.ft. The current value is higher than the previous revision, indicating a significant adjustment in the guideline value for this street.

Guideline values in Vadakal_C

In Vadakal_C, there are a total of 61 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 1,500 per sq.ft, with a median value of Rs 400 per sq.ft. Kalasethra Avenue's 2024 figure of Rs 500 per sq.ft is above this median.

• Kalaignar Nagar: Rs 200 per sq.ft (2024)
• Kaivalyam Nagar: Rs 550 per sq.ft (2024)
• Jeyandran Nagar: Rs 400 per sq.ft (2024)
• Jemi Gardens: Rs 550 per sq.ft (2024)
• Jemi Garden Phase III: Rs 400 per sq.ft (2024)
• Jemi Garden Extension: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Kalasethra Avenue

For a 1,000 sq.ft plot at the current rate of Rs 500 per sq.ft, the guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, totaling Rs 45,000. 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 Kalasethra Avenue?

The Sub Registrar Office that covers Kalasethra Avenue is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum price at which properties can be registered. When buying or selling property in Vadakal_C, the guideline value is used to calculate the stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the guideline value, as it directly impacts the overall cost of property transactions. Ensuring compliance with the guideline value helps in smooth registration processes at the Sub Registrar Office.

Frequently asked questions

What is the current guideline value of Kalasethra Avenue?

The current guideline value of Kalasethra Avenue is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Kalasethra Avenue was Rs 400 per sq.ft in 2023, which increased to Rs 500 per sq.ft in 2024. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification of Kalasethra Avenue?

Kalasethra Avenue is classified as Residential Special Type - II, which influences its guideline value and potential uses.

Where can I find the Sub Registrar Office for Kalasethra Avenue?

The Sub Registrar Office for Kalasethra Avenue is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated for properties in Kalasethra Avenue?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 5,00,000 would incur a stamp duty of Rs 35,000 at a rate of 7%.