Guideline Value for State Bank Kalani

State Bank Kalani guideline value

The current guideline value of State Bank Kalani is Rs 1,100 per sq.ft, effective from 1 July 2024. This property is located in Ist Division village under the Kanchipuram Joint IV SRO and is classified as Residential Class I Type - III.

How the guideline value of State Bank Kalani has changed

The guideline value for State Bank Kalani has undergone several revisions over the years. In 2012, the guideline value was set at Rs 1,000 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 670 per sq.ft. However, the value significantly increased in the 2023 revision to Rs 1,000 per sq.ft, and then again rose to Rs 1,100 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2012 to 2024, the overall change in the guideline value is an increase of 10%. Notably, the 2017 to 2023 revision saw a substantial increase of 49%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ist Division

In the Ist Division under the Kanchipuram Joint IV SRO, there are 79 streets with a 2024 guideline value ranging from Rs 800 to Rs 3,300 per sq.ft. The median value for these streets is Rs 880 per sq.ft, placing State Bank Kalani's 2024 figure above this median.

• Sudarsan Nagar: Rs 800 per sq.ft (2024)
• Sudharsan Nagar: Rs 800 per sq.ft (2024)
• Sudharsan Nagar Extension: Rs 880 per sq.ft (2024)
• Suklapalayam Govindan Street: Rs 1,100 per sq.ft (2024)
• Suklapalayam Street @ V.N.Perumal Naidu Street: Rs 1,430 per sq.ft (2024)
• Sunnambukara Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in State Bank Kalani

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value amounts to 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, bringing the total fees to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers State Bank Kalani?

The Sub Registrar Office that covers State Bank Kalani is the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Ist Division. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that both the buyer and seller are aware of the financial obligations associated with the transaction.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration process is transparent and standardized across the region.

Frequently asked questions

What is the current guideline value of State Bank Kalani?

The current guideline value of State Bank Kalani 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 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification for State Bank Kalani?

State Bank Kalani is classified as Residential Class I Type - III, indicating its suitability for residential development.

What are the registration fees for property in State Bank Kalani?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which office handles registrations for State Bank Kalani?

The Kanchipuram Joint IV Sub Registrar Office handles registrations for State Bank Kalani, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.