Guideline Value for Kalyani Street

Kalyani Street guideline value

The current guideline value of Kalyani Street in Porunthavakkam village is Rs 2,420 per sq.ft, effective from 1 July 2024. This street falls under the Pallavaram SRO and is classified as Residential Class I Type - III.

How the guideline value of Kalyani Street has changed

The guideline value for Kalyani Street has undergone several revisions over the years. In 2003, the value was Rs 332 per sq.ft, which increased significantly to Rs 700 per sq.ft in 2007. Following this, the value saw a substantial rise to Rs 2,200 per sq.ft in 2012, but then decreased to Rs 1,474 per sq.ft in 2017. The value then increased to Rs 2,200 per sq.ft in 2023 and has now reached Rs 2,420 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 629%. It is important to note that the register has no figure for Kalyani Street in 2002.

Guideline values in Porunthavakkam

In Porunthavakkam, there are 23 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 1,760 to Rs 4,950 per sq.ft. The median value is Rs 2,420 per sq.ft, which is the same as the current guideline value for Kalyani Street.

• Kalyaniyammal Street: Rs 2,420 per sq.ft (2024)
• Kalaivani Street: Rs 2,420 per sq.ft (2024)
• Kamaraj Street: Rs 2,420 per sq.ft (2024)
• Kandaswamy Road: Rs 2,420 per sq.ft (2024)
• Jemes Street: Rs 2,420 per sq.ft (2024)
• Iyapa Nagar: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Kalyani Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,420 per sq.ft, the total guideline value would be Rs 24,20,000. The stamp duty at 7% would be Rs 1,69,400, and the registration fee at 2% would be Rs 48,400, making the total cost for these fees Rs 2,17,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kalyani Street?

Kalyani Street is covered by the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor when registering property in Porunthavakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value is used to assess the amount of tax payable, which is typically based on the higher of the guideline value or the actual sale price. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kalyani Street?

The current guideline value of Kalyani Street is Rs 2,420 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 332 per sq.ft in 2003 to Rs 2,420 per sq.ft in 2024, marking an overall increase of 629%.

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

For a 1,000 sq.ft property at the current guideline value, the total stamp duty and registration fees would amount to Rs 2,17,800, based on the guideline value of Rs 24,20,000.

Which Sub Registrar Office covers Kalyani Street?

Kalyani Street is covered by the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

What is the land classification for Kalyani Street?

Kalyani Street is classified as Residential Class I Type - III, which indicates its suitability for residential development.