Guideline Value for Periya Street (Kabali Street)

Periya Street (Kabali Street) guideline value

The current guideline value of Periya Street (Kabali Street) is Rs 2,530 per sq.ft. This street is located in Kilkattalai village, under the Pallavaram SRO, and is classified as Residential Class I Type - II.

How the guideline value of Periya Street (Kabali Street) has changed

The guideline value for Periya Street (Kabali Street) has seen several revisions over the years. The earliest recorded revision was in 2003, where the guideline value was Rs 300 per sq.ft. This increased to Rs 500 per sq.ft in 2007, marking a significant rise of 67%. In 2012, the value experienced a steep increase to Rs 2,300 per sq.ft, reflecting a 360% growth. However, it then dropped to Rs 1,541 per sq.ft in 2017, a decrease of 33%. Following this, the value rose to Rs 2,300 per sq.ft in 2023, before reaching the current value of Rs 2,530 per sq.ft in the 2024 revision, which is a 10% increase from the previous year.

It is important to note that there is no figure available for the year 2002 in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by 743%.

Guideline values in Kilkattalai

Kilkattalai village has a range of guideline values across its 194 streets under the Pallavaram SRO, with values ranging from Rs 1,080 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,530 per sq.ft, which is equal to the current guideline value of Periya Street (Kabali Street).

• Pillaiyar Koil 1st To 3rd Street: Rs 3,080 per sq.ft (2024)
• Pillaiyar Koil Street: Rs 3,080 per sq.ft (2024)
• Pattammal Colony: Rs 2,160 per sq.ft (2024)
• Parri Colony: Rs 2,530 per sq.ft (2024)
• Pandiyan Nagar: Rs 2,160 per sq.ft (2024)
• Pallavarm Thuraipakkam Radieal Road: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Periya Street (Kabali Street)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,530 per sq.ft, the guideline value amounts to Rs 25,30,000. The stamp duty at 7% would be Rs 1,77,100, and the registration fee at 2% would be Rs 50,600, totaling Rs 2,27,700. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Periya Street (Kabali Street)?

The Sub Registrar Office that covers Periya Street (Kabali Street) is 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 Kilkattalai

The guideline value is a crucial factor in the registration process when buying or selling property in Kilkattalai. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented accurately for legal and taxation purposes.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Periya Street (Kabali Street)?

The current guideline value of Periya Street (Kabali Street) is Rs 2,530 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 300 per sq.ft in 2003 to Rs 2,530 per sq.ft in 2024, representing an overall increase of 743% over this period.

What is the classification of land on Periya Street (Kabali Street)?

Periya Street (Kabali Street) is classified as Residential Class I Type - II, indicating its use for residential purposes.

Where is the Sub Registrar Office located for this street?

The Sub Registrar Office for Periya Street (Kabali Street) is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, within the Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 25,30,000, the total fees would amount to Rs 2,27,700.