Guideline Value for Kalimanpuram Street

Kalimanpuram Street guideline value

The current guideline value of Kalimanpuram Street is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village and falls under the Triplicane SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Kalimanpuram Street has changed

Over the years, the guideline value of Kalimanpuram Street has seen significant changes. In the 2007 revision, the value was Rs 1,560 per sq.ft, which increased to Rs 6,000 per sq.ft in 2012, marking a substantial rise of 285%. However, in the 2017 revision, the value decreased to Rs 4,020 per sq.ft, a drop of 33%. The value then increased to Rs 6,000 per sq.ft in 2023, followed by a further increase to Rs 6,600 per sq.ft in the 2024 revision, reflecting a growth of 10% from the previous year. The register has no figure for this street in the years 2002 and 2003.

From the 2017 revision to the 2023 revision, the value increased by 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has risen by 323%, showcasing the fluctuations in property valuation over the years.

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO that carry 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, which is equal to the current value of Kalimanpuram Street.

• Kalimanpuram 2nd Street: Rs 5,500 per sq.ft (2024)
• Kalimanpuram 1st Street: Rs 5,500 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 Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value would be Rs 66,00,000. The stamp duty at 7% would amount to Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, making the total cost for these fees Rs 5,94,000. It is important to note that 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 information.

Which Sub Registrar Office covers Kalimanpuram Street?

The Sub Registrar Office that covers Kalimanpuram 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 details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Triplicane. It serves as a basis for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When a property is sold, the buyer must pay the stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately and legally within the framework set by the Registration Department.

Frequently asked questions

What is the current guideline value of Kalimanpuram Street?

The current guideline value of Kalimanpuram Street is Rs 6,600 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 1,560 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, reflecting a total increase of 323% over the years.

What are the other streets in Triplicane with their guideline values?

Other streets in Triplicane include Kalimanpuram 2nd Street and Kalimanpuram 1st Street, both valued at Rs 5,500 per sq.ft, and Kamarajar Salai (Beach Road) valued at Rs 13,200 per sq.ft.

What is the stamp duty rate for properties in Kalimanpuram Street?

The stamp duty rate for properties in Kalimanpuram Street is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Kalimanpuram Street located?

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