Guideline Value for Kalidasan Street (Thiruvalluvar Nagar)

Kalidasan Street (Thiruvalluvar Nagar) guideline value

The current guideline value of Kalidasan Street (Thiruvalluvar Nagar) is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village and falls under the Madhavaram SRO, classified as Residential Class I Type - I.

How the guideline value of Kalidasan Street (Thiruvalluvar Nagar) has changed

Over the years, the guideline value of Kalidasan Street (Thiruvalluvar Nagar) has seen several revisions. The 2012 revision set the value at Rs 2,500 per sq.ft, which then decreased to Rs 1,675 per sq.ft in the 2017 revision, marking a drop of 33%. However, from 2017 to 2023, the value increased significantly to Rs 2,500 per sq.ft, an increase of 49%. The most recent revision in 2024 has set the guideline value at Rs 2,700 per sq.ft, reflecting an 8% increase from the previous year.

It is important to note that there are no figures available for this street in the register for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has seen a modest increase of 8%.

Guideline values in Kodungaiyur

Kodungaiyur village has a total of 1,318 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median guideline value for these streets is Rs 2,700 per sq.ft, which is equal to the current value of Kalidasan Street (Thiruvalluvar Nagar).

• Kalidasan Street (Vivekananda Nagar): Rs 2,700 per sq.ft (2024)
• Kalidasan Street: Rs 2,700 per sq.ft (2024)
• Kalasathamman Street: Rs 2,700 per sq.ft (2024)
• Kalamegam Street (Vivekananda Nagar): Rs 2,700 per sq.ft (2024)
• Kalamegam Street: Rs 2,700 per sq.ft (2024)
• Kalaimagal Street (Teacher's colony): Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Kalidasan Street (Thiruvalluvar Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000. Together, the total cost for stamp duty and registration fees would be Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kalidasan Street (Thiruvalluvar Nagar)?

The Sub Registrar Office that covers Kalidasan Street (Thiruvalluvar Nagar) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kodungaiyur. It serves as the baseline for calculating stamp duty and registration fees, ensuring that the transaction is recorded at a value determined by the government.

When a property is registered, the guideline value helps to standardize the pricing and taxation of properties in the area. This ensures transparency and fairness in property transactions, as it reflects the official valuation set by the authorities.

Frequently asked questions

What is the current guideline value of Kalidasan Street (Thiruvalluvar Nagar)?

The current guideline value of Kalidasan Street (Thiruvalluvar Nagar) is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,700 per sq.ft in 2024.

What is the land classification for Kalidasan Street (Thiruvalluvar Nagar)?

Kalidasan Street (Thiruvalluvar Nagar) is classified as Residential Class I Type - I.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000, and the registration fee would be Rs 54,000, totaling Rs 2,43,000.

Which office handles registrations for Kalidasan Street (Thiruvalluvar Nagar)?

The Madhavaram Sub Registrar Office handles registrations for Kalidasan Street (Thiruvalluvar Nagar), located at No.7, Roja Nagar, Madhavaram, Chennai-600060.