Guideline Value for Camp Road 1st Cross Street

Camp Road 1st Cross Street guideline value

The current guideline value of Camp Road 1st Cross Street is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Selaiyur village and falls under the Selaiyur SRO. The land classification for this area is Residential Class II Type - II.

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

Over the years, the guideline value for Camp Road 1st Cross Street has seen several revisions. The most recent revision in 2024 set the guideline value at Rs 1,600 per sq.ft, which is an increase of 7% from the 2023 revision of Rs 1,500 per sq.ft. Prior to that, in 2017, the guideline value was Rs 1,005 per sq.ft, marking a significant increase of 49% over the six years leading up to 2023. The 2012 revision also recorded a value of Rs 1,500 per sq.ft, which was a decrease of 33% from the 2017 figure.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 7%.

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, placing the guideline value of Camp Road 1st Cross Street below this median.

• Camp Road: Rs 3,300 per sq.ft (2024)
• Camp Road 1st Street: Rs 1,900 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 Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total to Rs 1,44,000. 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 details.

Which Sub Registrar Office covers Camp Road 1st Cross Street?

The Sub Registrar Office that covers Camp Road 1st Cross 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 further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Selaiyur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the government.

When a property is sold, the guideline value helps determine the minimum price at which the property can be registered. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements during the transaction.

Frequently asked questions

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

The current guideline value of Camp Road 1st Cross Street is Rs 1,600 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 2023 to Rs 1,600 per sq.ft in 2024, a 7% increase. It was Rs 1,005 per sq.ft in 2017, which is a 49% increase from the previous revision.

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

The land classification for Camp Road 1st Cross Street is Residential Class II Type - II.

Where can I find the Selaiyur Sub Registrar Office?

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

How is the stamp duty calculated for properties in Selaiyur?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 16,00,000 would incur a stamp duty of Rs 1,12,000 at a rate of 7%.