Guideline Value for Camp Road

Camp Road guideline value

The current guideline value of Camp Road in Selaiyur village, under the Selaiyur SRO, is Rs 3,300 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - V.

How the guideline value of Camp Road has changed

The guideline value for Camp Road has seen several revisions over the years. In 2007, the value was set at Rs 600 per sq.ft. This increased significantly to Rs 3,000 per sq.ft in 2012, marking a 400% rise. However, from 2012 to 2017, the value decreased by 33% to Rs 2,010 per sq.ft. The next revision in 2023 raised the value to Rs 3,000 per sq.ft, followed by a further increase of 10% to the current Rs 3,300 per sq.ft in 2024.

Overall, from 2007 to 2024, the guideline value has increased by 450%. Notably, there are no figures available for the revisions in 2002 and 2003 for this street.

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, with a median value of Rs 2,200 per sq.ft. Camp Road's 2024 figure is above this median.

• Camp Road 1st Cross Street: Rs 1,600 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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, making the total cost Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Camp Road?

The Sub Registrar Office covering Camp Road 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 information.

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

The guideline value plays a crucial role during property transactions in Selaiyur. It is used to determine the stamp duty and registration fees applicable when buying or selling property. Buyers should be aware that the guideline value is often considered the minimum value for registration purposes.

When a property is sold, the sale price must be compared with the guideline value. The higher of the two will be used to calculate the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from the transaction.

Frequently asked questions

What is the current guideline value of Camp Road?

The current guideline value of Camp Road is Rs 3,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 600 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, representing an overall increase of 450%.

What are the stamp duty and registration fees for buying property on Camp Road?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which Sub Registrar Office handles registrations for Camp Road?

The Selaiyur Sub Registrar Office handles registrations for Camp Road, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

What is the land classification for Camp Road?

Camp Road is classified as Residential Special Type - V, indicating its suitability for residential developments.