Guideline Value for West Kalmandapam Road

West Kalmandapam Road guideline value

The current guideline value of West Kalmandapam Road is Rs 4,900 per sq.ft, effective from 1 July 2024. This road is located in Tondaiarpet village and falls under the Royapuram SRO. The land classification for this area is Commercial Special Type - I.

How the guideline value of West Kalmandapam Road has changed

The guideline value for West Kalmandapam Road has seen several revisions over the years. In 2007, the value was Rs 1,500 per sq.ft, which increased significantly to Rs 4,500 per sq.ft in 2012, marking a 200% rise. However, in 2017, the value decreased to Rs 3,015 per sq.ft, representing a 33% decline. The subsequent revision in 2023 brought the value up to Rs 4,500 per sq.ft, followed by the current value of Rs 4,900 per sq.ft in 2024, which is a 9% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 227%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO, with guideline values ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median guideline value in this area is Rs 1,600 per sq.ft, making the 2024 figure for West Kalmandapam Road above the median.

• West Mada Church Street: Rs 3,800 per sq.ft (2024)
• West Veerakutty Street: Rs 1,300 per sq.ft (2024)
• Washer Varadappa (M) Street: Rs 2,200 per sq.ft (2024)
• V.P.Koil Street: Rs 2,200 per sq.ft (2024)
• V.P.Koil Lane: Rs 2,200 per sq.ft (2024)
• Venkatesa(N) 5th Lane: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in West Kalmandapam Road

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value amounts to Rs 49,00,000. The stamp duty at 7% would be Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, bringing the total fees to Rs 4,41,000. It is important 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 West Kalmandapam Road?

The Sub Registrar Office that covers West Kalmandapam Road is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Tondaiarpet. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

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

Frequently asked questions

What is the current guideline value of West Kalmandapam Road?

The current guideline value of West Kalmandapam Road is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, reflecting an overall increase of 227% over the years.

What are the stamp duty and registration fees for properties on this road?

For a property valued at Rs 49,00,000, the stamp duty would be Rs 3,43,000 and the registration fee would be Rs 98,000, totaling Rs 4,41,000.

Which Sub Registrar Office handles registrations for West Kalmandapam Road?

The Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021, handles registrations for West Kalmandapam Road.

What is the median guideline value in Tondaiarpet?

The median guideline value in Tondaiarpet is Rs 1,600 per sq.ft, with West Kalmandapam Road's value being above this median.