Guideline Value for Kalyanasundram Street

Kalyanasundram Street guideline value

The current guideline value of Kalyanasundram 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, classified as Residential Class I Type - III.

How the guideline value of Kalyanasundram Street has changed

The guideline value for Kalyanasundram Street has undergone several revisions over the years. In 2012, the value was set at Rs 1,500 per sq.ft, which decreased to Rs 1,005 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value to Rs 1,500 per sq.ft. The latest revision in 2024 raised the guideline value to Rs 1,650 per sq.ft, marking a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for Kalyanasundram Street. Overall, the guideline value has increased by 10% from 2012 to 2024.

Guideline values in Chitlapakkam

In Chitlapakkam, there are 548 streets under the Tambaram Joint 1 SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median value is Rs 1,650 per sq.ft, which is equal to the 2024 guideline value of Kalyanasundram Street.

• Kalyanasundaram 3rd Cross Street: Rs 1,650 per sq.ft (2024)
• Kalyanasundaram 2nd Cross Street: Rs 1,650 per sq.ft (2024)
• Kalyanasundaram 1st Cross 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 Kalyanasundram 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 Kalyanasundram Street?

Kalyanasundram 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 information.

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

The guideline value is a crucial aspect when buying or selling property in Chitlapakkam. It serves as the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue through stamp duty and registration fees.

When a property is sold, the sale price must be at least equal to the guideline value to avoid any legal issues during registration. Buyers and sellers should always refer to the latest guideline values to understand their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Kalyanasundram Street?

The current guideline value of Kalyanasundram 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 Kalyanasundram Street?

Kalyanasundram Street is classified as Residential Class I Type - III.

What is the stamp duty rate applicable to properties in Kalyanasundram Street?

The stamp duty rate applicable to properties in Kalyanasundram Street is 7% of the guideline value or the sale price, whichever is higher.

Which office handles registrations for Kalyanasundram Street?

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