Guideline Value for Kalyana Sundaram Street

Kalyana Sundaram Street guideline value

The current guideline value of Kalyana Sundaram Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Kadaperi village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Kalyana Sundaram Street has changed

The guideline value for Kalyana Sundaram Street has seen several revisions over the years. The earliest available figure is from 2007, where the value was Rs 600 per sq.ft. This increased to Rs 1,200 per sq.ft in 2012, marking a 100% rise. However, from 2012 to 2017, the value decreased by 33%, bringing it down to Rs 804 per sq.ft. The subsequent revision in 2023 saw a significant increase to Rs 1,200 per sq.ft, followed by another increase to Rs 1,320 per sq.ft in 2024, reflecting a 10% rise.

In summary, from 2007 to 2024, the overall increase in the guideline value is 120%. Notably, there are no figures available in the register for the years 2002 and 2003 for this street.

Guideline values in Kadaperi

Kadaperi village has a total of 142 streets under the Tambaram Joint 1 SRO, with guideline values for 2024 ranging from Rs 880 to Rs 7,700 per sq.ft. The median guideline value in this area is Rs 1,650 per sq.ft, placing Kalyana Sundaram Street's 2024 figure below that median.

• Kamachi Nagar 1-st St: Rs 2,750 per sq.ft (2024)
• Kamachi Nagar 2-nd St: Rs 2,750 per sq.ft (2024)
• Kamachi Nagar 3rd Cross St: Rs 2,750 per sq.ft (2024)
• kalangal Street: Rs 880 per sq.ft (2024)
• Kamarajar Nagar (North)Amarar Jeeva Street: Rs 1,650 per sq.ft (2024)
• Kalaingar street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Kalyana Sundaram Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, making the total cost for these charges 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 information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kalyana Sundaram Street?

Kalyana Sundaram Street is covered by the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Kadaperi. It serves as the basis for calculating stamp duty and registration fees, which are mandatory costs for buyers and sellers alike.

When a property is bought or sold, the guideline value ensures that the transaction is recorded at a fair price, reflecting the official value set by the government. This helps in maintaining transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value of Kalyana Sundaram Street?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 1,320 per sq.ft in 2024, showing an overall increase of 120% over the years.

What are the stamp duty and registration fees for property in Kalyana Sundaram Street?

For a 1,000 sq.ft plot, the stamp duty would be Rs 92,400 and the registration fee would be Rs 26,400, totaling Rs 1,18,800 based on the current guideline value.

Which office handles registrations for Kalyana Sundaram Street?

The Tambaram Joint 1 Sub Registrar Office handles registrations for Kalyana Sundaram Street, located at No.26, Mes Road, East Tambaram, Chennai-600059.

What is the land classification for Kalyana Sundaram Street?

The land classification for Kalyana Sundaram Street is Residential Class I Type - III.