Guideline Value for Kammalar Street

Kammalar Street guideline value

The current guideline value of Kammalar Street in Arani village, under the Arani_Tiruvallur SRO, is Rs 400 per sq.ft, effective from 1 July 2024. The land classification for this street is Residential Class II Type - I.

How the guideline value of Kammalar Street has changed

The guideline value of Kammalar Street has seen several revisions over the years. Starting from Rs 82 per sq.ft in 2002, it increased to Rs 92 per sq.ft in 2003, marking a 12% rise. The value then jumped significantly to Rs 200 per sq.ft in 2007, reflecting a 117% increase. By 2012, the value remained at Rs 400 per sq.ft, indicating a 100% growth from the previous revision. The next revision in 2017 saw a decrease to Rs 268 per sq.ft, representing a decline of 33%.

From 2017 to 2023, the guideline value increased to Rs 400 per sq.ft, showing a 49% rise. The most recent revision in 2024 has kept the guideline value at Rs 400 per sq.ft, resulting in no change from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 388%.

Guideline values in Arani

In Arani village, there are 51 streets under the Arani_Tiruvallur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 600 per sq.ft, with a median value of Rs 300 per sq.ft. Kammalar Street's 2024 figure is above this median.

• Karnam Street: Rs 400 per sq.ft (2024)
• Kallangi Street: Rs 400 per sq.ft (2024)
• Kavarai Street: Rs 350 per sq.ft (2024)
• Kometti Street: Rs 200 per sq.ft (2024)
• Irukkam Veethi: Rs 400 per sq.ft (2024)
• High Road towards Puduvoyal { Upto Ananda Theatre }: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Kammalar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total fees together to Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kammalar Street?

The Sub Registrar Office that covers Kammalar Street is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor in the registration of property transactions in Arani. It serves as a benchmark for determining the stamp duty and registration fees that buyers and sellers must pay when completing a property transaction.

When registering a property, the guideline value is compared to the sale price, and the duty is charged on whichever amount is higher. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of Kammalar Street?

The current guideline value of Kammalar Street is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 82 per sq.ft in 2002 to Rs 400 per sq.ft in 2024, showing an overall increase of 388% over the years.

What are the other streets in Arani with similar guideline values?

Other streets in Arani with similar guideline values include Karnam Street, Kallangi Street, and Irukkam Veethi, all valued at Rs 400 per sq.ft in 2024.

What is the stamp duty rate for properties in Kammalar Street?

The stamp duty rate for properties in Kammalar Street is 7%, which is applied to the higher of the guideline value or the sale price during registration.

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

The Sub Registrar Office for Kammalar Street is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101, Chennai registration zone.