Guideline Value for Kalyanasundaram 3rd Cross Street

Kalyanasundaram 3rd Cross Street guideline value

The current guideline value of Kalyanasundaram 3rd 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. The land classification for this area is Residential Class I Type - III.

How the guideline value of Kalyanasundaram 3rd Cross Street has changed

The guideline value for Kalyanasundaram 3rd 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. Following this, the 2023 revision increased the value to Rs 1,500 per sq.ft, and the most recent 2024 revision raised it further to Rs 1,650 per sq.ft. The changes between these revisions include a 10% increase from 2023 to 2024 and a significant 49% increase from 2017 to 2023.

Overall, from the 2012 revision to the 2024 revision, there has been a 10% increase in the guideline value. It is important to note that there are no recorded figures for Kalyanasundaram 3rd Cross Street in the 2002, 2003, and 2007 revisions.

Guideline values in Chitlapakkam

In Chitlapakkam, there are a total of 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 is Rs 1,650 per sq.ft, which is equal to the current guideline value of Kalyanasundaram 3rd Cross Street.

• Kalyanasundaram 2nd Cross Street: Rs 1,650 per sq.ft (2024)
• Kalyanasundaram 1st 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 3rd 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 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 use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kalyanasundaram 3rd Cross Street?

The Kalyanasundaram 3rd 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 is a crucial factor when buying or selling property in Chitlapakkam. It serves as a reference for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with legal requirements during the registration process.

When a property is sold, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory for the transfer of ownership. It is essential for both parties to be aware of the guideline value to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value of Kalyanasundaram 3rd Cross Street?

The current guideline value of Kalyanasundaram 3rd 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 to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What is the land classification for Kalyanasundaram 3rd Cross Street?

The land classification for Kalyanasundaram 3rd Cross Street is Residential Class I Type - III.

What are the other streets in Chitlapakkam with the same guideline value?

Other streets in Chitlapakkam with the same guideline value of Rs 1,650 per sq.ft include Kalyanasundaram 2nd Cross Street, Kalyanasundaram 1st Cross Street, Kalyanasundram Street, and Kalidasar Street.

Where is the Tambaram Joint 1 Sub Registrar Office located?

The Tambaram Joint 1 Sub Registrar Office is located at No.26, MES Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone.