Guideline Value for Kalimanpuram 1st Street

Kalimanpuram 1st Street guideline value

The current guideline value of Kalimanpuram 1st Street is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village, under the Triplicane SRO, and is classified as Residential Class II Type - I.

How the guideline value of Kalimanpuram 1st Street has changed

The guideline value for Kalimanpuram 1st Street has seen several revisions over the years. The 2007 revision set the value at Rs 945 per sq.ft, which significantly increased to Rs 5,000 per sq.ft in 2012, marking a remarkable rise of 429%. However, from 2012 to 2017, the value decreased to Rs 3,350 per sq.ft, a drop of 33%. The 2017 revision then raised the value to Rs 5,000 per sq.ft in 2023, reflecting a 49% increase. Most recently, the 2024 revision established the current value at Rs 5,500 per sq.ft, a 10% increase from the previous year.

The register does not have figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 482%.

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO with a 2024 guideline value ranging from Rs 2,700 to Rs 20,900 per sq.ft. The median guideline value is Rs 6,600 per sq.ft, indicating that Kalimanpuram 1st Street's 2024 figure is below this median.

• Kalimanpuram 2nd Street: Rs 5,500 per sq.ft (2024)
• Kalimanpuram Street: Rs 6,600 per sq.ft (2024)
• Kamarajar Salai (Beach Road): Rs 13,200 per sq.ft (2024)
• John Mohammed Street: Rs 5,500 per sq.ft (2024)
• Jessan Street: Rs 8,800 per sq.ft (2024)
• Kamman Dharwaja Street (Bharathi Salai / Pycrofts Road): Rs 8,800 per sq.ft (2024)

Stamp duty and registration fee for property in Kalimanpuram 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value would be Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, totaling Rs 4,95,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kalimanpuram 1st Street?

The Sub Registrar Office that covers Kalimanpuram 1st Street is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrofts Road), Royapettah, Chennai-600014. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions within Triplicane. It is used to determine the stamp duty and registration fees payable when a property is bought or sold. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When registering a property, the guideline value serves as a benchmark for calculating the necessary fees. It is essential for both parties to understand that the fees are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Kalimanpuram 1st Street?

The current guideline value of Kalimanpuram 1st Street is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 945 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, representing an overall increase of 482%.

What is the registration office for Kalimanpuram 1st Street?

The registration office for Kalimanpuram 1st Street is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrofts Road), Royapettah, Chennai-600014.

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

For a property valued at Rs 55,00,000, the stamp duty would be Rs 3,85,000 and the registration fee would be Rs 1,10,000, totaling Rs 4,95,000.

How is the guideline value determined?

The guideline value is determined by the Registration Department and is based on various factors including land classification and historical revisions.