Guideline Value for Kalidasan Cross Street

Kalidasan Cross Street guideline value

The current guideline value of Kalidasan Cross Street is Rs 3,600 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village, under the Ambattur SRO, and falls under the Residential Class I Type - I land classification.

How the guideline value of Kalidasan Cross Street has changed

Over the years, the guideline value of Kalidasan Cross Street has seen several revisions. The earliest recorded revision was in 2012, where the value was Rs 3,300 per sq.ft. This figure was then revised to Rs 2,211 per sq.ft in 2017, marking a decrease of 33%. Following this, the value increased significantly to Rs 3,300 per sq.ft in 2023, and then further rose to Rs 3,600 per sq.ft in 2024, representing a 9% increase from the previous year. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2024, the overall change in the guideline value is an increase of 9%. The transition from 2017 to 2023 saw a substantial increase of 49%, indicating a significant upward movement in the valuation of this street in recent years.

Guideline values in Ambattur

Ambattur village has a total of 448 streets under the Ambattur SRO, with guideline values ranging from Rs 1,400 to Rs 8,209 per sq.ft as of 2024. The median guideline value for these streets is Rs 3,600 per sq.ft, which is equal to the current guideline value of Kalidasan Cross Street.

• Kalithasar Street (Ramapuram): Rs 3,600 per sq.ft (2024)
• Kalli Kupam 13 th Street (lane): Rs 3,600 per sq.ft (2024)
• Kalli Kupam 14th Street (lane): Rs 3,600 per sq.ft (2024)
• Kalli Kupam Road: Rs 3,600 per sq.ft (2024)
• Kalli Kupam Road 10th Street (Lane): Rs 3,600 per sq.ft (2024)
• Kalli Kupam Road 11th Street (Lane): Rs 3,600 per sq.ft (2024)

Stamp duty and registration fee for property in Kalidasan Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,600 per sq.ft, the total guideline value amounts to Rs 36,00,000. The stamp duty at 7% would be Rs 2,52,000, and the registration fee at 2% would be Rs 72,000, bringing the total cost to Rs 3,24,000. It is important to note that 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 precise calculations.

Which Sub Registrar Office covers Kalidasan Cross Street?

The Sub Registrar Office that covers Kalidasan Cross Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process of property transactions in Ambattur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps in establishing a fair transaction price. Buyers and sellers must consider this value to avoid disputes during the registration process, as it is the basis for calculating the applicable fees and taxes.

Frequently asked questions

What is the current guideline value of Kalidasan Cross Street?

The current guideline value of Kalidasan Cross Street is Rs 3,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,300 per sq.ft in 2023 to Rs 3,600 per sq.ft in 2024, marking a 9% increase. It was Rs 2,211 per sq.ft in 2017 and Rs 3,300 per sq.ft in 2012.

What is the land classification for Kalidasan Cross Street?

Kalidasan Cross Street falls under the Residential Class I Type - I land classification.

Where can I find the Sub Registrar Office for Kalidasan Cross Street?

The Sub Registrar Office for Kalidasan Cross Street is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is stamp duty calculated for properties in Kalidasan Cross 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 36,00,000, the stamp duty would be Rs 2,52,000 at a rate of 7%.