Guideline Value for Kalayanasundaram Street

Kalayanasundaram Street guideline value

The current guideline value of Kalayanasundaram Street is Rs 2,200 per sq.ft. This street is located in 5. Athipattu village under the Konnur SRO, classified as Residential Class I Type - II.

How the guideline value of Kalayanasundaram Street has changed

The guideline value for Kalayanasundaram Street has seen several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 2,200 per sq.ft, an increase of 10% from the 2023 revision of Rs 2,000 per sq.ft. Looking further back, the 2017 revision recorded a guideline value of Rs 1,340 per sq.ft, marking a significant increase of 49% to the 2023 figure. Notably, there are no figures available for the revisions in 2012, 2007, 2003, and 2002.

Overall, from the 2017 revision to the current 2024 revision, the guideline value has increased by 64%. This reflects the changes in the property landscape over the years, culminating in the current rate.

Guideline values in 5. Athipattu

In 5. Athipattu, there are 119 streets under the Konnur SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 7,650 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, which is equal to the current guideline value for Kalayanasundaram Street.

• Kalidasan Street(Chelliamman nagar): Rs 2,200 per sq.ft (2024)
• Kalaivanar Nagar: Rs 2,200 per sq.ft (2024)
• Kalyani Industrial Estate: Rs 3,601 per sq.ft (2024)
• J R Castle Town Phase -II: Rs 1,400 per sq.ft (2024)
• J R Castle Town: Rs 1,400 per sq.ft (2024)
• Jeswanth Nagar: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Kalayanasundaram Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. 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 Kalayanasundaram Street?

The Sub Registrar Office that covers Kalayanasundaram Street is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 5. Athipattu

The guideline value is a critical factor when registering property transactions in 5. Athipattu. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of properties in the area.

Frequently asked questions

What is the current guideline value of Kalayanasundaram Street?

The current guideline value of Kalayanasundaram Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 1,340 per sq.ft to Rs 2,200 per sq.ft in 2024, reflecting a total increase of 64% over the years.

What is the land classification for Kalayanasundaram Street?

Kalayanasundaram Street is classified as Residential Class I Type - II under the Konnur SRO.

Where can I find the registration office for Kalayanasundaram Street?

The registration office for Kalayanasundaram Street is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

How is stamp duty calculated for properties in Kalayanasundaram Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 22,00,000, the stamp duty at 7% would be Rs 1,54,000.