Guideline Value for KAMALAMMAL AVENUE

Kamalammal Avenue guideline value

The current guideline value of Kamalammal Avenue is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Peramanoor village under the Chengleput Joint II SRO and is classified as Residential Special Type - IV.

How the guideline value of Kamalammal Avenue has changed

The guideline value for Kamalammal Avenue has changed over the years, with the most recent revision in 2024 setting it at Rs 1,650 per sq.ft. Prior to this, the 2023 revision listed the value at Rs 1,500 per sq.ft, reflecting a 10% increase from the previous year. The register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2017.

In summary, the guideline values for Kamalammal Avenue have progressed from Rs 1,500 per sq.ft in 2023 to Rs 1,650 per sq.ft in 2024. The absence of figures for earlier revisions indicates that the street has not been valued in the register for those years.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 550 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Kamalammal Avenue's 2024 guideline value above this median.

• Kamarajar Salai (Ward -8): Rs 1,980 per sq.ft (2024)
• Kamarajar Steet (Ward -3): Rs 990 per sq.ft (2024)
• Kamaraj Avenue: Rs 550 per sq.ft (2024)
• Kalaivanar Street (Ward -5): Rs 1,320 per sq.ft (2024)
• Kalaimagal Nagar, Ninnakarai (Ward -19): Rs 661 per sq.ft (2024)
• Kalaignar Karunanithi Nagar (Ward -2): Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Kamalammal Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total fees to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamalammal Avenue?

The Sub Registrar Office that covers Kamalammal Avenue is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 Peramanoor

The guideline value is an important metric used during the registration process when buying or selling property in Peramanoor. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property transaction.

When a property is registered, the guideline value helps ensure that the transaction is documented at a fair value, reflecting the official rates set by the government. This process is crucial for maintaining transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value of Kamalammal Avenue?

The current guideline value of Kamalammal Avenue is Rs 1,650 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

Recently, the guideline value increased from Rs 1,500 per sq.ft in 2023 to Rs 1,650 per sq.ft in 2024, which is a 10% increase.

What is the land classification of Kamalammal Avenue?

Kamalammal Avenue is classified as Residential Special Type - IV, indicating its designation for residential use.

Where can I find the Chengleput Joint II SRO?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2% of the same. For example, a 1,000 sq.ft plot at Rs 1,650 per sq.ft would incur a total guideline value of Rs 16,50,000.