Guideline Value for Kalvai Street

Kalvai Street guideline value

The current guideline value of Kalvai Street is Rs 600 per sq.ft, effective from 1 July 2024. This street is located in Thirukalukundrem A village, under the Thirukazhukundram SRO, and is classified as Residential Class I Type - III.

How the guideline value of Kalvai Street has changed

According to the guideline value register, the 2017 revision set the value at Rs 402 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 600 per sq.ft. With the 2024 revision, the guideline value again stands at Rs 600 per sq.ft, indicating no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From the 2017 revision to the 2023 revision, there was a 49% increase in the guideline value. Overall, from 2017 to 2024, the guideline value has increased by 49% as well, maintaining the same rate of Rs 600 per sq.ft since 2023.

Guideline values in Thirukalukundrem A

In Thirukalukundrem A, there are 149 streets under the Thirukazhukundram SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 1,344 per sq.ft. The median value is Rs 600 per sq.ft, which is equal to the guideline value of Kalvai Street.

• Kadai Street Bazaar Veethi: Rs 1,250 per sq.ft (2024)
• Kammalar Street: Rs 1,005 per sq.ft (2024)
• Jokkiyar Natham: Rs 300 per sq.ft (2024)
• Jeeva Nagar: Rs 600 per sq.ft (2024)
• Karunkuzhi Salai: Rs 400 per sq.ft (2024)
• Jaheer Hussain Street: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Kalvai Street

For a 1,000 sq.ft plot at the current rate of Rs 600 per sq.ft, the guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, totaling Rs 54,000. It is important to note that the 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 Kalvai Street?

The Sub Registrar Office that covers Kalvai Street is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Thirukalukundrem A. It determines the minimum value on which stamp duty and registration fees are calculated during the sale or purchase of property.

When a property is registered, the guideline value serves as a benchmark for the transaction. Buyers and sellers must be aware of this value to ensure compliance with legal requirements and to understand the financial implications of the transaction.

Frequently asked questions

What is the current guideline value of Kalvai Street?

The current guideline value of Kalvai Street is Rs 600 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 by 49%. It remained at Rs 600 per sq.ft from 2023 to 2024, with no changes noted in the previous revisions.

What is the land classification for Kalvai Street?

Kalvai Street is classified as Residential Class I Type - III, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for Kalvai Street?

The Sub Registrar Office for Kalvai Street is located at Thiruchengode - 637 211, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Kalvai Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For instance, for a property valued at Rs 6,00,000, the stamp duty would be Rs 42,000 at 7%.