Guideline Value for Kalidaser Street

Kalidaser Street guideline value

The current guideline value of Kalidaser Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Selaiyur village, under the Selaiyur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Kalidaser Street has changed

The guideline value for Kalidaser Street has undergone several revisions over the years. The 2007 revision recorded a value of Rs 200 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in the 2012 revision, marking a rise of 900%. However, the value decreased to Rs 1,340 per sq.ft in the 2017 revision, reflecting a decline of 33%. The 2023 revision saw a substantial increase to Rs 2,000 per sq.ft, followed by a further rise to Rs 2,200 per sq.ft in the 2024 revision, representing a 10% increase.

There are no figures available for Kalidaser Street in the 2002 and 2003 revisions. Overall, from 2007 to 2024, the guideline value has increased by 1000%.

Guideline values in Selaiyur

In Selaiyur village, there are 478 streets under the Selaiyur SRO with a 2024 guideline value ranging from Rs 850 to Rs 6,500 per sq.ft. The median value is Rs 2,200 per sq.ft, which is the same as the current guideline value for Kalidaser Street.

• Kalpana Nagar: Rs 950 per sq.ft (2024)
• Kalamegam Street Extn: Rs 4,400 per sq.ft (2024)
• Kalamegam Street: Rs 4,400 per sq.ft (2024)
• Kalaivani Street: Rs 950 per sq.ft (2024)
• Kalainjar Street: Rs 950 per sq.ft (2024)
• Kamarajar Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Kalidaser Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees together to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kalidaser Street?

The Sub Registrar Office that covers Kalidaser Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Selaiyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the fair value of the property based on the current market conditions. It is essential for buyers and sellers to be aware of these values to facilitate a smooth transaction process.

Frequently asked questions

What is the current guideline value of Kalidaser Street?

The current guideline value of Kalidaser 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 increased from Rs 200 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 1000% over the years.

What are the stamp duty and registration fees for properties in Kalidaser Street?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which office handles property registrations for Kalidaser Street?

The Selaiyur Sub Registrar Office handles property registrations for Kalidaser Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the minimum price for property registration, ensuring that appropriate stamp duty and registration fees are collected. It helps both buyers and sellers understand the value of the property in the current market.