Guideline Value for Kalidas Street

Kalidas Street guideline value

The current guideline value of Kalidas Street in Ullagaram village, under the Alandur SRO, is Rs 2,200 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - II land classification.

How the guideline value of Kalidas Street has changed

The guideline value of Kalidas Street has seen several revisions over the years. In 2002, the value was Rs 215 per sq.ft, which increased to Rs 241 per sq.ft in 2003. Following this, the value rose significantly to Rs 1,000 per sq.ft in 2007, marking a 315% increase from the previous revision. The value then reached Rs 2,000 per sq.ft in 2012, reflecting a 100% increase from 2007. However, it decreased by 33% to Rs 1,340 per sq.ft in 2017. The value continued to rise, reaching Rs 2,000 per sq.ft in 2023, and finally increasing to Rs 2,200 per sq.ft in the 2024 revision, which is a 10% increase from the previous year.

There are no figures available for the revisions in years other than those listed. The overall change from 2002 to 2024 is an increase of 923%.

Guideline values in Ullagaram

In Ullagaram, there are 298 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 1,700 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,800 per sq.ft, placing Kalidas Street's 2024 figure below that median.

• Kamarajar Street: Rs 2,800 per sq.ft (2024)
• Jothi Ramalingam Street: Rs 2,800 per sq.ft (2024)
• John Kennadi Street: Rs 2,200 per sq.ft (2024)
• Kambar Street: Rs 2,200 per sq.ft (2024)
• Kannagi Street: Rs 2,800 per sq.ft (2024)
• Jayaraman Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Kalidas 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 amount to Rs 1,54,000, while the registration fee at 2% would be Rs 44,000. Together, these fees total Rs 1,98,000. 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 our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Kalidas Street?

The Sub Registrar Office that covers Kalidas Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value is a crucial aspect when registering property transactions in Ullagaram. It serves as a benchmark for determining the minimum value at which a property can be registered. This ensures that the government receives the appropriate stamp duty and registration fees based on the guideline value or the sale price, whichever is higher.

When buying or selling property, it is essential to be aware of the current guideline value, as it impacts the overall cost of the transaction. Buyers should consider this value to understand the financial implications of their purchase, including the stamp duty and registration fees that will be applicable.

Frequently asked questions

What is the current guideline value of Kalidas Street?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 215 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 923%.

What is the stamp duty rate for properties in Kalidas Street?

The stamp duty rate for properties in Kalidas Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office located for Kalidas Street?

The Alandur Sub Registrar Office is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the median guideline value for streets in Ullagaram?

The median guideline value for streets in Ullagaram is Rs 2,800 per sq.ft, with Kalidas Street's value being below this median.