Guideline Value for Kirubananda Variyar Street

Kirubananda Variyar Street guideline value

The current guideline value of Kirubananda Variyar Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Pozhichalur village, under the Pammal SRO, and is classified as Residential Class II Type - I.

How the guideline value of Kirubananda Variyar Street has changed

The guideline value for Kirubananda Variyar Street has seen several revisions over the years. The 2017 revision set the value at Rs 670 per sq.ft, which increased to Rs 1,000 per sq.ft in the 2023 revision. The most recent revision in 2024 raised the value to Rs 1,100 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has risen by 64%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The increase from 2017 to 2023 was 49%, reflecting significant changes in the guideline value during this period.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 4,500 per sq.ft, with a median value of Rs 1,320 per sq.ft. Kirubananda Variyar Street's 2024 guideline value is below this median.

• K.K. Sami Street: Rs 1,100 per sq.ft (2024)
• Kavulbazaar Main Road: Rs 2,200 per sq.ft (2024)
• Kattabomman Street: Rs 1,320 per sq.ft (2024)
• Krishandas Street: Rs 1,100 per sq.ft (2024)
• Karpaga Vinayagar Koil Street: Rs 1,100 per sq.ft (2024)
• Karnan Nagar: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Kirubananda Variyar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, making the total fees together Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kirubananda Variyar Street?

The Sub Registrar Office that covers Kirubananda Variyar Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 Pozhichalur

The guideline value is a crucial factor when registering property transactions in Pozhichalur. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that these charges are based on a standardized value set by the authorities.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property should be registered. This ensures transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Kirubananda Variyar Street?

The current guideline value of Kirubananda Variyar Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 670 per sq.ft in 2017 to Rs 1,000 per sq.ft in 2023, and then to Rs 1,100 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

What is the classification of Kirubananda Variyar Street?

Kirubananda Variyar Street is classified as Residential Class II Type - I. This classification impacts the guideline value and the types of properties that can be developed in the area.

Where can I find the registration office for Kirubananda Variyar Street?

The registration office for Kirubananda Variyar Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is stamp duty calculated for properties in Kirubananda Variyar Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property with a guideline value of Rs 11,00,000, the stamp duty at 7% would be Rs 77,000.