Guideline Value for Kalathumedu Street

Kalathumedu Street guideline value

The current guideline value of Kalathumedu Street is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Chembakkam village under the Selaiyur SRO and is classified as Residential Class II Type - I.

How the guideline value of Kalathumedu Street has changed

The guideline value for Kalathumedu Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which was a decrease of 33% from the previous revision in 2017, where the value was Rs 1,005 per sq.ft. The 2023 revision saw an increase to Rs 1,500 per sq.ft, followed by a further increase to Rs 1,600 per sq.ft in 2024, reflecting a 7% rise.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 7%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Chembakkam

In Chembakkam, there are 472 streets under the Selaiyur SRO, with guideline values ranging from Rs 850 to Rs 6,700 per sq.ft. The median guideline value in this village is Rs 2,200 per sq.ft, indicating that Kalathumedu Street's 2024 figure is below this median.

• Kalidasar Street: Rs 950 per sq.ft (2024)
• Kalamegam Street: Rs 950 per sq.ft (2024)
• Kamarajapuram Main Road: Rs 3,800 per sq.ft (2024)
• Kanagaraja Street: Rs 950 per sq.ft (2024)
• Jegajeevanram Street: Rs 1,600 per sq.ft (2024)
• K.A.P. Viswanathan Street: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Kalathumedu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, totaling Rs 1,44,000. 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 specific calculations.

Which Sub Registrar Office covers Kalathumedu Street?

The Sub Registrar Office that covers Kalathumedu Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Chembakkam, as it determines the minimum value at which property can be registered. Buyers and sellers must consider this value to ensure compliance with registration requirements and to calculate applicable fees.

When registering a property, the guideline value is used to assess the stamp duty and registration fees. It is essential for both parties to understand that these fees are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Kalathumedu Street?

The current guideline value of Kalathumedu Street is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,600 per sq.ft in 2024, with various revisions in between, including a decrease in 2017 and a subsequent increase in 2023.

What is the median guideline value in Chembakkam?

The median guideline value in Chembakkam is Rs 2,200 per sq.ft, which is higher than the current value of Kalathumedu Street.

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

For a property valued at Rs 16,00,000, the stamp duty would be Rs 1,12,000 and the registration fee would be Rs 32,000, totaling Rs 1,44,000.

Which office handles property registrations for Kalathumedu Street?

The Selaiyur Sub Registrar Office handles property registrations for Kalathumedu Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.