Guideline Value for KAMARAJ AVENUE

Kamaraj Avenue guideline value

The current guideline value of Kamaraj Avenue, located in Chitthalapakkam village, is Rs 2,700 per sq.ft, effective from 1 July 2024. This street falls under the Selaiyur SRO and is classified as Residential Special Type - I.

How the guideline value of Kamaraj Avenue has changed

Over the years, the guideline value of Kamaraj Avenue has seen several revisions. The 2012 revision set the value at Rs 2,500 per sq.ft, which was then reduced to Rs 1,675 per sq.ft in the 2017 revision, marking a decrease of 33%. Following this, the 2023 revision increased the value to Rs 2,500 per sq.ft, and the most recent 2024 revision further raised it to Rs 2,700 per sq.ft, an increase of 8% from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for Kamaraj Avenue. Overall, from 2012 to 2024, the guideline value has increased by 8%.

Guideline values in Chitthalapakkam

In Chitthalapakkam, there are 107 streets under the Selaiyur SRO with a 2024 guideline value ranging from Rs 1,300 to Rs 5,000 per sq.ft. The median value for these streets is Rs 2,900 per sq.ft, placing Kamaraj Avenue's 2024 figure below this median.

• Kamaraj Nagar: Rs 2,400 per sq.ft (2024)
• Kamaraj Street: Rs 1,950 per sq.ft (2024)
• Kambar Street: Rs 1,950 per sq.ft (2024)
• Kalaingar Street: Rs 1,950 per sq.ft (2024)
• Kakanji Street: Rs 1,950 per sq.ft (2024)
• Kanni Koil Street: Rs 2,900 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 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, totaling Rs 2,43,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Kamaraj Avenue?

The Kamaraj Avenue falls under the jurisdiction of 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 Chitthalapakkam

The guideline value is a crucial factor when registering property transactions in Chitthalapakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency and standardization in property dealings.

When buying or selling property, the guideline value impacts the stamp duty and registration fees payable. Buyers must be aware of the current guideline value to accurately calculate the total costs involved in the transaction.

Frequently asked questions

What is the current guideline value of Kamaraj Avenue?

The current guideline value of Kamaraj Avenue is Rs 2,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2012 revision, the guideline value has changed from Rs 2,500 per sq.ft to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of 8% over this period.

What are the other streets in Chitthalapakkam and their guideline values?

Other streets in Chitthalapakkam include Kamaraj Nagar at Rs 2,400 per sq.ft, Kamaraj Street at Rs 1,950 per sq.ft, Kambar Street at Rs 1,950 per sq.ft, Kalaingar Street at Rs 1,950 per sq.ft, Kakanji Street at Rs 1,950 per sq.ft, and Kanni Koil Street at Rs 2,900 per sq.ft.

What is the registration fee for property in Kamaraj Avenue?

The registration fee for property in Kamaraj Avenue is calculated at 2% of the guideline value. For a property valued at Rs 27,00,000, the registration fee would be Rs 54,000.

Where is the Selaiyur Sub Registrar Office located?

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