Guideline Value for Camp Road 1st Street

Camp Road 1st Street guideline value

The current guideline value of Camp Road 1st Street in Selaiyur village is Rs 1,900 per sq.ft, effective from 1 July 2024. This street falls under the Selaiyur SRO and is classified as Residential Class I Type - II.

How the guideline value of Camp Road 1st Street has changed

The guideline value for Camp Road 1st Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,900 per sq.ft, up from Rs 1,800 per sq.ft in 2023, marking a 6% increase. Prior to that, the value was Rs 1,206 per sq.ft in 2017, which represented a significant increase of 49% from the previous figure of Rs 1,800 per sq.ft in 2012. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33% in the guideline value. Overall, from 2012 to 2024, the guideline value has increased by 6%, reflecting the current figure of Rs 1,900 per sq.ft.

Guideline values in Selaiyur

In Selaiyur, there are 478 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 850 to Rs 6,500 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, indicating that the guideline value of Camp Road 1st Street is below this median.

• Camp Road 1st Cross Street: Rs 1,600 per sq.ft (2024)
• Camp Road: Rs 3,300 per sq.ft (2024)
• Burma Agathical Colony: Rs 850 per sq.ft (2024)
• Buddhar Street Extension: Rs 2,750 per sq.ft (2024)
• Buddhar Street: Rs 2,750 per sq.ft (2024)
• Buddhar Cross Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Camp Road 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value would be Rs 19,00,000. The stamp duty at 7% would amount to Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, resulting in a total of Rs 1,71,000. 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 information.

Which Sub Registrar Office covers Camp Road 1st Street?

The Sub Registrar Office that covers Camp Road 1st Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is an essential factor in property transactions in Selaiyur, as it determines the minimum price at which a property can be registered. When buying or selling property, the guideline value is used to calculate stamp duty and registration fees, ensuring that these costs are based on a standardized valuation.

It is crucial for buyers and sellers to be aware of the guideline value, as it influences the overall cost of property transactions. The registration process relies on this value to ensure compliance with local regulations and to maintain transparency in property dealings.

Frequently asked questions

What is the current guideline value of Camp Road 1st Street?

The current guideline value of Camp Road 1st Street is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2023 to Rs 1,900 per sq.ft in 2024, a 6% increase. It was Rs 1,206 per sq.ft in 2017, showing a 49% increase from Rs 1,800 per sq.ft in 2012.

What is the land classification for Camp Road 1st Street?

Camp Road 1st Street is classified as Residential Class I Type - II, indicating its suitability for residential development.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% and the registration fee at 2% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 1,71,000.

Where is the Sub Registrar Office located for Camp Road 1st Street?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.