Guideline Value for Kalki Street

Kalki Street guideline value

The current guideline value of Kalki Street in Perungalathur village is Rs 2,310 per sq.ft, effective from 1 July 2024. This street falls under the Padappai SRO and is classified as Residential Class II Type - I.

How the guideline value of Kalki Street has changed

The guideline value of Kalki Street has seen several revisions over the years. In 2007, the value was set at Rs 250 per sq.ft, which significantly increased to Rs 2,100 per sq.ft in 2012. However, this figure dropped to Rs 1,407 per sq.ft in 2017. The next revision in 2023 raised the value to Rs 2,100 per sq.ft, and the most recent revision in 2024 has further increased it to Rs 2,310 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 824%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,310 per sq.ft, which is equal to the current guideline value of Kalki Street.

• Kamadenu Nagar: Rs 1,980 per sq.ft (2024)
• Kalaivanar Street: Rs 2,310 per sq.ft (2024)
• Kalaingar Karunanthi Street: Rs 2,310 per sq.ft (2024)
• Kalaimagal Street: Rs 2,310 per sq.ft (2024)
• Kamala Nagar: Rs 1,980 per sq.ft (2024)
• Kalaignar Salai: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Kalki Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,310 per sq.ft, the total guideline value would be Rs 23,10,000. The stamp duty at 7% would amount to Rs 1,61,700, and the registration fee at 2% would be Rs 46,200, bringing the total to Rs 2,07,900. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kalki Street?

The Sub Registrar Office that covers Kalki Street is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Perungalathur. It is used to determine the stamp duty and registration fees applicable when buying or selling property. The guideline value is set by the government and is periodically revised based on various factors.

When a property is sold, the buyer must pay the stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives appropriate revenue from property transactions, reflecting the current market conditions.

Frequently asked questions

What is the current guideline value of Kalki Street?

The current guideline value of Kalki Street is Rs 2,310 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 250 per sq.ft to Rs 2,310 per sq.ft in 2024, representing an overall increase of 824%.

What is the land classification for Kalki Street?

Kalki Street is classified as Residential Class II Type - I under the Padappai SRO.

What are the stamp duty and registration fees for a property in Kalki Street?

For a property valued at Rs 23,10,000, the stamp duty would be Rs 1,61,700 and the registration fee would be Rs 46,200, totaling Rs 2,07,900.

Where is the Sub Registrar Office for Kalki Street located?

The Padappai Sub Registrar Office is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.