Guideline Value for Kalidasar Street

Kalidasar Street guideline value

The current guideline value of Kalidasar Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Chitlapakkam village, under the Tambaram Joint 1 SRO, and is classified as Residential Class I Type - III.

How the guideline value of Kalidasar Street has changed

Looking at the historical revisions, the guideline value for Kalidasar Street was Rs 1,500 per sq.ft in 2023, which increased to Rs 1,650 per sq.ft in 2024, marking a change of +10%. Prior to that, in 2017, the value was Rs 1,005 per sq.ft, reflecting a significant increase of +49% over the following six years. The 2012 revision also recorded a value of Rs 1,500 per sq.ft, which indicates a decrease of -33% when compared to the 2017 figure.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has seen a slight increase of +10%.

Guideline values in Chitlapakkam

In Chitlapakkam, there are 548 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, which is the same as the current value for Kalidasar Street.

• Kalyanasundaram 1st Cross Street: Rs 1,650 per sq.ft (2024)
• Kalyanasundaram 2nd Cross Street: Rs 1,650 per sq.ft (2024)
• Kalyanasundaram 3rd Cross Street: Rs 1,650 per sq.ft (2024)
• Kalyanasundram Street: Rs 1,650 per sq.ft (2024)
• Kalaivani Street: Rs 1,650 per sq.ft (2024)
• Kalaivanar Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Kalidasar Street

For a 1,000 sq.ft plot at the current rate of Rs 1,650 per sq.ft, the guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kalidasar Street?

The Sub Registrar Office that covers Kalidasar Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Chitlapakkam, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration office will use the guideline value to calculate applicable duties and fees.

When a property is sold, the guideline value serves as a reference point for the registration process. It ensures that the transaction is recorded accurately and that the appropriate taxes are collected based on the established rates.

Frequently asked questions

What is the current guideline value of Kalidasar Street?

The current guideline value of Kalidasar Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2023 to Rs 1,650 per sq.ft in 2024. It was Rs 1,005 per sq.ft in 2017 and Rs 1,500 per sq.ft in 2012.

What is the land classification of Kalidasar Street?

Kalidasar Street is classified as Residential Class I Type - III, indicating its suitability for residential purposes.

What is the registration office for Kalidasar Street?

The registration office for Kalidasar Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, mes Road, East Tambaram, Chennai-600059.

How is stamp duty calculated for properties on Kalidasar 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 16,50,000, the stamp duty would be Rs 1,15,500 at 7%.