Guideline Value for Kalimanpuram 2nd Street

Kalimanpuram 2nd Street guideline value

The current guideline value of Kalimanpuram 2nd Street is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village and falls under the Triplicane SRO, classified as Residential Class II Type - I.

How the guideline value of Kalimanpuram 2nd Street has changed

The guideline value for Kalimanpuram 2nd Street has undergone several revisions over the years. The earliest recorded figure is from 2007, which was Rs 945 per sq.ft. This value saw a significant increase to Rs 5,000 per sq.ft in 2012, marking a rise of 429%. However, it then decreased to Rs 3,350 per sq.ft in 2017, a decline of 33%. The value rose again to Rs 5,000 per sq.ft in 2023, and currently stands at Rs 5,500 per sq.ft as of the 2024 revision, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002 and 2003 for this street. The overall change from the 2007 revision to the current 2024 guideline value is an increase of 482%.

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO, with guideline values ranging from Rs 2,700 to Rs 20,900 per sq.ft as of 2024. The median guideline value is Rs 6,600 per sq.ft, placing Kalimanpuram 2nd Street's current value below this median.

• Kalimanpuram 1st 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 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value amounts to 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, making the total cost for these fees 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.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kalimanpuram 2nd Street?

The Sub Registrar Office that covers Kalimanpuram 2nd 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 in Triplicane. It serves as a benchmark for determining the minimum value at which a property can be registered. When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Kalimanpuram 2nd Street?

The current guideline value of Kalimanpuram 2nd 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 from Rs 945 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, with various increases and a decrease in between. The most significant increase occurred from 2012 to 2017, where it fell from Rs 5,000 to Rs 3,350 per sq.ft.

What is the median guideline value in Triplicane?

The median guideline value in Triplicane is Rs 6,600 per sq.ft as of 2024. Kalimanpuram 2nd Street's current value is below this median.

What are the stamp duty and registration fees for properties in Kalimanpuram 2nd Street?

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. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Kalimanpuram 2nd Street located?

The Sub Registrar Office for Kalimanpuram 2nd Street is located at No.182 Bharati Salai (Pycrofts Road), Royapettah, Chennai-600014.