Guideline Value for Kalyanasundaram 1st Cross Street

Kalyanasundaram 1st Cross Street guideline value

The current guideline value of Kalyanasundaram 1st Cross Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Chitlapakkam village, under the Tambaram Joint 1 SRO, and is classified as Residential Class I Type - III.

How the guideline value of Kalyanasundaram 1st Cross Street has changed

The guideline value for Kalyanasundaram 1st Cross Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which was then reduced to Rs 1,005 per sq.ft in the 2017 revision, marking a decrease of 33%. However, the value saw a significant increase to Rs 1,500 per sq.ft in the 2023 revision, followed by another rise to Rs 1,650 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. It should be noted that the register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Chitlapakkam

In Chitlapakkam, there are 548 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, which is equal to the current value of Kalyanasundaram 1st Cross Street.

• Kalyanasundaram 2nd Cross Street: Rs 1,650 per sq.ft (2024)
• Kalyanasundaram 3rd Cross Street: Rs 1,650 per sq.ft (2024)
• Kalyanasundram Street: Rs 1,650 per sq.ft (2024)
• Kalidasar Street: Rs 1,650 per sq.ft (2024)
• Kamakotti Nagar: Rs 3,300 per sq.ft (2024)
• Kamakotti Nagar Cross Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kalyanasundaram 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total cost to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your costs using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kalyanasundaram 1st Cross Street?

The Kalyanasundaram 1st Cross Street falls under the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Chitlapakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is utilized to assess the transaction's value, and it is essential for both buyers and sellers to be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kalyanasundaram 1st Cross Street?

The current guideline value of Kalyanasundaram 1st Cross Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What is the median guideline value in Chitlapakkam?

The median guideline value for the 548 streets in Chitlapakkam is Rs 1,650 per sq.ft, which is the same as the current value for Kalyanasundaram 1st Cross Street.

What are the stamp duty and registration fees for property in Kalyanasundaram 1st Cross Street?

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500, and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Which Sub Registrar Office covers Kalyanasundaram 1st Cross Street?

The Tambaram Joint 1 Sub Registrar Office covers Kalyanasundaram 1st Cross Street, located at No.26, Mes Road, East Tambaram, Chennai-600059.