Guideline Value for Kalidasan Street

Kalidasan Street guideline value

The current guideline value of Kalidasan Street in Ramapuram village is Rs 3,100 per sq.ft, effective from 1 July 2024. This street falls under the Chennai South Joint II SRO and is classified as Residential Class II Type - I.

How the guideline value of Kalidasan Street has changed

Over the years, the guideline value for Kalidasan Street has seen several revisions. The 2007 revision recorded a value of Rs 1,100 per sq.ft, which increased significantly to Rs 2,800 per sq.ft in 2012, marking a rise of 155%. However, from 2012 to 2017, the value decreased to Rs 1,876 per sq.ft, a drop of 33%. The next revision in 2023 set the value at Rs 2,800 per sq.ft, followed by the latest revision in 2024, which raised it to Rs 3,100 per sq.ft, an increase of 11%.

In summary, the guideline value has changed from Rs 1,100 per sq.ft in 2007 to Rs 3,100 per sq.ft in 2024, representing an overall increase of 182%. The register does not contain figures for the years 2002 and 2003 for this street.

Guideline values in Ramapuram

In Ramapuram, there are 394 streets under the Chennai South Joint II SRO that have a guideline value for 2024, ranging from Rs 1,950 to Rs 6,600 per sq.ft. The median guideline value is Rs 3,100 per sq.ft, which is equal to the 2024 figure for Kalidasan Street.

• Kaliappa Udayar Street: Rs 2,750 per sq.ft (2024)
• Kaliyappa Naicker Street: Rs 4,400 per sq.ft (2024)
• Kalsathamman Koil Street: Rs 2,750 per sq.ft (2024)
• Kalaiselvam Street: Rs 2,750 per sq.ft (2024)
• Kalaingar Street: Rs 3,100 per sq.ft (2024)
• Kalyani Ponnappan Avenue: Rs 3,550 per sq.ft (2024)

Stamp duty and registration fee for property in Kalidasan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,100 per sq.ft, the total guideline value amounts to Rs 31,00,000. The stamp duty at 7% would be Rs 2,17,000, and the registration fee at 2% would be Rs 62,000, totaling Rs 2,79,000. 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 Kalidasan Street?

The Sub Registrar Office that covers Kalidasan Street is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for further assistance.

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

The guideline value is a critical factor in the registration process when buying or selling property in Ramapuram. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the higher of the guideline value or the sale price of the property.

When a property is registered, the guideline value ensures that the transaction is recorded at a fair value, helping to maintain transparency in real estate transactions. Buyers and sellers should be aware of the current guideline value to accurately estimate costs associated with property transactions.

Frequently asked questions

What is the current guideline value of Kalidasan Street?

The current guideline value of Kalidasan Street is Rs 3,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 1,100 per sq.ft to Rs 3,100 per sq.ft in 2024, reflecting an overall increase of 182% over the years.

What is the land classification for Kalidasan Street?

Kalidasan Street is classified as Residential Class II Type - I, which is important for determining its usage and development potential.

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

The Sub Registrar Office for Kalidasan Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

How is stamp duty calculated for properties in Ramapuram?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 31,00,000, the stamp duty would be calculated at 7% of this amount.