Guideline Value for Kalivanar Street

Kalivanar Street guideline value

The current guideline value of Kalivanar Street in Anakaputhur village, under the Pammal SRO, is Rs 1,320 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - II land classification.

How the guideline value of Kalivanar Street has changed

The guideline value for Kalivanar Street has seen several revisions over the years. In the 2017 revision, the value was Rs 804 per sq.ft. This increased to Rs 1,200 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the value at Rs 1,320 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 4,640 per sq.ft, with a median value of Rs 1,980 per sq.ft. Kalivanar Street's 2024 guideline value is below this median.

• Kalaivanar Street (Kenndy Nagar): Rs 2,350 per sq.ft (2024)
• Kalaingar Karunanidhi Street (Anna Nagar): Rs 1,760 per sq.ft (2024)
• Kamarajapuram Gandhi Street: Rs 1,760 per sq.ft (2024)
• Kamarajapuram Gandhi Street Cross Street: Rs 1,760 per sq.ft (2024)
• Kamarajapuram Kutti Nadar Street: Rs 1,760 per sq.ft (2024)
• Kamarajapuram Mariyan Street: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Kalivanar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total fees together to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kalivanar Street?

The Sub Registrar Office that covers Kalivanar Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 Anakaputhur

The guideline value plays a crucial role in the registration process of property transactions in Anakaputhur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the property is not undervalued during the sale.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with property registration. This ensures transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Kalivanar Street?

The current guideline value of Kalivanar Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 804 per sq.ft to Rs 1,320 per sq.ft in 2024, marking a total increase of 64% over this period.

What are the stamp duty rates applicable in Kalivanar Street?

The stamp duty for property transactions in Kalivanar Street is charged at 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Kalivanar Street located?

The Sub Registrar Office for Kalivanar Street is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

What is the land classification for Kalivanar Street?

Kalivanar Street is classified as Residential Class II Type - II, which indicates its designated use for residential purposes.