Guideline Value for Thiru Nagar Kalingar Cross Street

Thiru Nagar Kalingar Cross Street guideline value

The current guideline value of Thiru Nagar Kalingar Cross Street is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village under the Pammal SRO, classified as Residential Class II Type - I.

How the guideline value of Thiru Nagar Kalingar Cross Street has changed

The guideline value for Thiru Nagar Kalingar Cross Street has undergone several revisions since 2017. In 2017, the guideline value was Rs 1,072 per sq.ft. This increased to Rs 1,600 per sq.ft in 2023, marking a significant rise of 49%. The latest revision in 2024 set the value at Rs 1,760 per sq.ft, reflecting a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 4,640 per sq.ft, with a median value of Rs 1,980 per sq.ft. Thiru Nagar Kalingar Cross Street's 2024 guideline value is below this median.

• Thiru Nagar Ist Street: Rs 1,760 per sq.ft (2024)
• Thiru Nagar Kalingar Street: Rs 1,760 per sq.ft (2024)
• Thiru Nagar Main Road: Rs 1,760 per sq.ft (2024)
• Thiru Nagar Ambetkar Street: Rs 2,350 per sq.ft (2024)
• Thiru Nagar Ragavendra Street: Rs 1,760 per sq.ft (2024)
• Thiru Nagar 4th Street: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Thiru Nagar Kalingar Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value would be Rs 17,60,000. The stamp duty at 7% would amount to Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, totaling Rs 1,58,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiru Nagar Kalingar Cross Street?

The Thiru Nagar Kalingar Cross Street is covered by the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, within the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a key factor in the registration process when buying or selling property in Anakaputhur. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these charges are based on the official valuation rather than the sale price alone.

When a property is registered, the guideline value helps establish the legal framework for the transaction. Buyers and sellers must be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Thiru Nagar Kalingar Cross Street?

The current guideline value of Thiru Nagar Kalingar Cross Street is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 1,072 per sq.ft to Rs 1,760 per sq.ft in 2024. This represents a total increase of 64% over the seven years.

What are the stamp duty and registration fees for properties here?

For a property valued at Rs 17,60,000, the stamp duty would be Rs 1,23,200 and the registration fee would be Rs 35,200, totaling Rs 1,58,400. These fees are calculated based on the guideline value or sale price, whichever is higher.

Which office handles the registration of properties in this area?

The Pammal Sub Registrar Office handles the registration of properties in Thiru Nagar Kalingar Cross Street. It is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the significance of the guideline value in property transactions?

The guideline value is crucial for determining the stamp duty and registration fees during property transactions. It ensures that these fees are based on an official valuation, which helps maintain transparency in real estate dealings.