Guideline Value for Kalyaniyammal Street

Kalyaniyammal Street guideline value

The current guideline value of Kalyaniyammal Street is Rs 2,420 per sq.ft. This street is located in Porunthavakkam village, under the Pallavaram SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Kalyaniyammal Street has changed

The guideline value for Kalyaniyammal Street has seen significant changes over the years. In the 2003 revision, the value was Rs 332 per sq.ft, which increased to Rs 700 per sq.ft in 2007. The 2012 revision saw a notable rise to Rs 2,200 per sq.ft, but this was followed by a decrease to Rs 1,474 per sq.ft in 2017. The value then surged to Rs 2,200 per sq.ft in 2023, before reaching the current rate of Rs 2,420 per sq.ft in the 2024 revision.

From 2017 to 2023, there was a substantial increase of 49%. The jump from 2012 to 2017 represented a decrease of 33%. The rise from 2007 to 2012 was remarkable at 214%, and the increase from 2003 to 2007 was 111%. Overall, from 2003 to 2024, the guideline value has increased by 629%. The register has no figure for Kalyaniyammal 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 among these streets is Rs 2,420 per sq.ft, which is the same as the guideline value for Kalyaniyammal Street.

• Kalyani 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 Kalyaniyammal 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 amount to Rs 1,69,400, and the registration fee at 2% would be Rs 48,400, bringing the total to Rs 2,17,800. 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 Kalyaniyammal Street?

Kalyaniyammal Street falls under 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 details.

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

The guideline value is a critical factor in property transactions in Porunthavakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees applicable during the sale or purchase of property.

When buying or selling property, it is essential to be aware of the guideline value, as it can influence the overall transaction costs. Buyers should ensure that the sale price is in line with the guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Kalyaniyammal Street?

The current guideline value of Kalyaniyammal 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, from Rs 332 per sq.ft in 2003 to Rs 2,420 per sq.ft in 2024, reflecting an overall increase of 629% over this period.

What is the land classification for Kalyaniyammal Street?

Kalyaniyammal Street is classified as Residential Class I Type - III, indicating its designation for residential purposes.

Where can I find the Sub Registrar Office for Kalyaniyammal Street?

The Sub Registrar Office covering Kalyaniyammal Street is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

What fees are associated with buying property on Kalyaniyammal Street?

When buying property, fees include stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.