Guideline Value for Kallangi Street

Kallangi Street guideline value

The current guideline value of Kallangi Street is Rs 400 per sq.ft, effective from the 2024 revision. This street is located in Arani village under the Arani_Tiruvallur SRO, classified as Residential Class II Type - I.

How the guideline value of Kallangi Street has changed

The guideline value for Kallangi Street has undergone several revisions over the years. In 2002, the value was Rs 59 per sq.ft, which increased to Rs 66 per sq.ft in 2003, marking a change of +12%. The value saw a significant rise to Rs 150 per sq.ft in 2007, an increase of +127%. In 2012, it remained at Rs 400 per sq.ft, reflecting a decrease of -33% from the previous revision. The value was again Rs 268 per sq.ft in 2017, which represented a +49% increase from 2012. The last two revisions in 2023 and 2024 both recorded the value at Rs 400 per sq.ft, showing no change between these years.

Overall, from 2002 to 2024, the guideline value has increased by +578%. There are no figures available for Kallangi Street in revisions prior to 2002 or between 2012 and 2017.

Guideline values in Arani

In Arani, there are 51 streets under the Arani_Tiruvallur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 600 per sq.ft, with a median value of Rs 300 per sq.ft. Kallangi Street's 2024 guideline value of Rs 400 per sq.ft is above this median.

• Kammalar Street: Rs 400 per sq.ft (2024)
• Karnam Street: Rs 400 per sq.ft (2024)
• Irukkam Veethi: Rs 400 per sq.ft (2024)
• Kavarai Street: Rs 350 per sq.ft (2024)
• High Road towards Puduvoyal { Upto Ananda Theatre }: Rs 400 per sq.ft (2024)
• Hariprasad Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Kallangi Street

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the guideline value would be Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kallangi Street?

Kallangi Street falls under the jurisdiction of the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during property registration in Arani. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. The guideline value reflects the official valuation set by the government for various streets and areas.

When selling property, the guideline value serves as a benchmark for calculating the registration costs. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations during the transaction process.

Frequently asked questions

What is the current guideline value of Kallangi Street?

The current guideline value of Kallangi Street is Rs 400 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 59 per sq.ft in 2002 to Rs 400 per sq.ft in 2024, showing an overall increase of +578% across various revisions.

What are the stamp duty rates for property in Kallangi Street?

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

Which office handles the registration for Kallangi Street?

The Arani_Tiruvallur Sub Registrar Office handles the registration for Kallangi Street, located on S.p Kovil Street in Arani.

What is the land classification for Kallangi Street?

Kallangi Street is classified as Residential Class II Type - I, indicating its designation for residential purposes within the local planning framework.