Guideline Value for KAMARAJ AVENUE

Kamaraj Avenue guideline value

The current guideline value of Kamaraj Avenue in Peramanoor village under the Chengleput Joint II SRO is Rs 550 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - II land classification.

How the guideline value of Kamaraj Avenue has changed

According to the guideline value register, there are no figures for Kamaraj Avenue in the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 500 per sq.ft, which increased by 10% to Rs 550 per sq.ft in the 2024 revision.

This change reflects a consistent update in the guideline value, with the most recent revision being effective from 1 July 2024. The previous revisions from 2002 to 2017 do not have figures recorded for this street.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 2,200 per sq.ft, with a median value of Rs 1,100 per sq.ft. Kamaraj Avenue's 2024 figure is below this median.

• Kamarajar Steet (Ward -3): Rs 990 per sq.ft (2024)
• Kamarajar Salai (Ward -8): Rs 1,980 per sq.ft (2024)
• Kamalammal Avenue: Rs 1,650 per sq.ft (2024)
• Kammbar Street (Ward -7): Rs 1,980 per sq.ft (2024)
• Kalaivanar Street (Ward -5): Rs 1,320 per sq.ft (2024)
• Kannadasan 1st Street (Ward -7): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Kamaraj Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, resulting in a total of Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more accurate calculations based on your specific property details.

Which Sub Registrar Office covers Kamaraj Avenue?

Kamaraj Avenue is covered by 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 information.

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

The guideline value plays a crucial role during the registration of property transactions in Peramanoor. It serves as a benchmark for determining the stamp duty and registration fees that are applicable when buying or selling property.

When a property is registered, the guideline value is used to calculate the necessary fees, ensuring that the transaction is documented accurately according to the prevailing rates set by the government. This helps maintain transparency and standardization in property dealings.

Frequently asked questions

What is the current guideline value of Kamaraj Avenue?

The current guideline value of Kamaraj Avenue is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Kamaraj Avenue was Rs 500 per sq.ft in 2023, which increased by 10% to Rs 550 per sq.ft in 2024. There are no recorded figures for this street in the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value in Peramanoor?

The median guideline value in Peramanoor is Rs 1,100 per sq.ft, while Kamaraj Avenue's current value is below this median.

What are the stamp duty and registration fees for property in Kamaraj Avenue?

For a property valued at Rs 5,50,000, the stamp duty would be Rs 38,500, and the registration fee would be Rs 11,000, totaling Rs 49,500. These fees are based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Kamaraj Avenue?

The Chengleput Joint II Sub Registrar Office covers Kamaraj Avenue and is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information by visiting the appropriate link.