Guideline Value for Thiru Nagar Kalingar Street

Thiru Nagar Kalingar Street guideline value

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

How the guideline value of Thiru Nagar Kalingar Street has changed

The guideline value for Thiru Nagar Kalingar Street has seen several revisions over the years. The oldest recorded figure is from the 2017 revision, which was Rs 1,072 per sq.ft. This increased to Rs 1,600 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 set the value at Rs 1,760 per sq.ft, reflecting a 10% increase from the previous year.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

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. The median guideline value for these streets is Rs 1,980 per sq.ft, making the current value for Thiru Nagar Kalingar Street below this median.

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

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value is Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total cost for these fees to 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 detailed calculations.

Which Sub Registrar Office covers Thiru Nagar Kalingar Street?

The Sub Registrar Office that covers Thiru Nagar Kalingar 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 Anakaputhur

The guideline value plays a crucial role during the registration of property transactions in Anakaputhur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the correct revenue from property sales.

When buying or selling property, the guideline value is compared with the sale price, and the higher of the two is used to determine the applicable charges. This helps maintain transparency and fairness in property transactions.

Frequently asked questions

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

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

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,072 per sq.ft in 2017 to Rs 1,760 per sq.ft in 2024, marking an overall increase of 64% over this period.

What are the stamp duty and registration fees for property in Thiru Nagar Kalingar Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 17,60,000. The stamp duty at 7% is Rs 1,23,200, and the registration fee at 2% is Rs 35,200, totaling Rs 1,58,400.

Which office handles registrations for Thiru Nagar Kalingar Street?

The Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, handles registrations for Thiru Nagar Kalingar Street.

What is the land classification for Thiru Nagar Kalingar Street?

Thiru Nagar Kalingar Street is classified as Residential Class II Type - I according to the guideline value register.