Guideline Value for Kale Layout

Kale Layout guideline value

The current guideline value of Kale Layout in Pazhanthandalam village is Rs 770 per sq.ft, effective from 1 July 2024. This area falls under the Padappai Sub Registrar Office (SRO) and is classified as Residential Special Type - II.

How the guideline value of Kale Layout has changed

The guideline value for Kale Layout has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 700 per sq.ft. This was followed by a decrease to Rs 469 per sq.ft in the 2017 revision. The subsequent revision in 2023 saw an increase to Rs 700 per sq.ft, and the most recent revision in 2024 has raised the value to Rs 770 per sq.ft, marking a 10% increase from the previous year.

In summary, the changes between the revisions show an increase of 49% from 2017 to 2023 and a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Pazhanthandalam

Pazhanthandalam village has 57 streets under the Padappai SRO, with guideline values ranging from Rs 440 to Rs 1,980 per sq.ft as of 2024. The median value is Rs 1,100 per sq.ft, placing Kale Layout's 2024 figure below that median.

• Kale II Presently as known as Dhara Avenue: Rs 1,210 per sq.ft (2024)
• Kalaimagal Nagar Part-II: Rs 440 per sq.ft (2024)
• Kalaimagal Nagar Part - I: Rs 440 per sq.ft (2024)
• Kalaimagal Nagar and Extn 1 to 6: Rs 770 per sq.ft (2024)
• Kalaimagal Nagar: Rs 770 per sq.ft (2024)
• Kanniyammal Nagar Extn: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Kale Layout

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total to Rs 69,300. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kale Layout?

The Kale Layout is covered by the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Pazhanthandalam. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two values is used to calculate the applicable fees. This ensures that the registration process reflects the current market conditions and values.

Frequently asked questions

What is the current guideline value of Kale Layout?

The current guideline value of Kale Layout in Pazhanthandalam village is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then back to Rs 700 per sq.ft in 2023, and finally to Rs 770 per sq.ft in 2024.

What is the land classification of Kale Layout?

Kale Layout is classified as Residential Special Type - II under the Padappai Sub Registrar Office.

Where can I find the registration office for Kale Layout?

The registration office for Kale Layout is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is stamp duty calculated for properties in Kale Layout?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the guideline value of Rs 770 per sq.ft, the total guideline value would be Rs 7,70,000.