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Guideline Value

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Guideline Value for Sri Kallazhagar City phase I

₹250/sq.ft.

The guideline value for Sri Kallazhagar City Phase I in Kolathur village (Sriperumpudur SRO, Chengalpattu zone) is Rs 250 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Kolathur

Village

Sriperumpudur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹250 /sq.ft.
From 1-4-2023 ₹250 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹167 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹250 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

27, Chetty Street, Sriperumpudur-602 105
044-27163925
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Sri Kallazhagar City Phase I

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Sri Kallazhagar City phase I guideline value

The current guideline value of Sri Kallazhagar City phase I is Rs 250 per sq.ft, effective from 1 July 2024. This area is located in Kolathur village, under the Sriperumpudur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Sri Kallazhagar City phase I has changed

Over the years, the guideline value for Sri Kallazhagar City phase I has seen several revisions. The 2012 revision set the value at Rs 250 per sq.ft, which remained unchanged until the 2023 revision. The 2017 revision recorded a lower value of Rs 167 per sq.ft, marking a decrease of 33% from the previous revision. In contrast, the 2023 revision returned the value to Rs 250 per sq.ft, which was maintained in the 2024 revision, reflecting no change.

From 2017 to 2023, there was a notable increase of 50%, bringing the value back to Rs 250 per sq.ft. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 250 per sq.ft, indicating stability in this period. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kolathur

In Kolathur, there are 45 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 100 to Rs 1,300 per sq.ft. The median value is Rs 250 per sq.ft, which is equal to the current guideline value of Sri Kallazhagar City phase I.

Stamp duty and registration fee for property in Sri Kallazhagar City phase I

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty is charged at 7%, resulting in Rs 17,500, and the registration fee at 2% amounts to Rs 5,000, making the total costs Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Kallazhagar City phase I?

The Sri Kallazhagar City phase I falls under the jurisdiction of the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process of property transactions in Kolathur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that these costs are calculated based on the established value of the property.

When buying or selling property, the guideline value is referenced to ensure compliance with local regulations. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher amount will be used to calculate the applicable duties and fees.

Frequently asked questions

What is the current guideline value of Sri Kallazhagar City phase I?

The current guideline value of Sri Kallazhagar City phase I is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the 2012 revision setting it at Rs 250 per sq.ft, which was maintained until 2023. The 2017 revision recorded a decrease to Rs 167 per sq.ft, but it returned to Rs 250 per sq.ft in the 2023 revision, remaining unchanged into 2024.

What is the land classification for Sri Kallazhagar City phase I?

Sri Kallazhagar City phase I is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Sri Kallazhagar City phase I?

The Sub Registrar Office covering Sri Kallazhagar City phase I is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Sri Kallazhagar City phase I?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500, and the registration fee would be Rs 5,000, totaling Rs 22,500.