Guideline Value for KAMARAJ AVENUE

Kamaraj Avenue guideline value

The current guideline value of Kamaraj Avenue in Thirukkachur - 1 village is Rs 550 per sq.ft, effective from 1 July 2024. This property falls under the Chengleput Joint II SRO and is classified as Residential Class I Type - II.

How the guideline value of Kamaraj Avenue has changed

The guideline value for Kamaraj Avenue has seen several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which was then revised to Rs 335 per sq.ft in 2017, marking a decrease of 33%. However, the value increased significantly to Rs 500 per sq.ft in 2023, and further to Rs 550 per sq.ft in 2024, reflecting a 10% increase from the previous year.

Between 2017 and 2023, there was a notable increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thirukkachur - 1

In Thirukkachur - 1, there are 86 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 385 to Rs 3,300 per sq.ft. The median value is Rs 660 per sq.ft, placing Kamaraj Avenue's 2024 figure below that median.

• Kamatchi Ambal Nagar: Rs 660 per sq.ft (2024)
• Kambar Street: Rs 550 per sq.ft (2024)
• Kannagi Street: Rs 550 per sq.ft (2024)
• Kasthuri Nagar: Rs 1,474 per sq.ft (2024)
• Jeevanatham Nagar Phase- II: Rs 660 per sq.ft (2024)
• Jeevanatham Nagar Phase- I: Rs 660 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 would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total charges to Rs 49,500. 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 more details.

Which Sub Registrar Office covers Kamaraj Avenue?

The Sub Registrar Office that covers Kamaraj 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 information.

How the guideline value is used when you buy or sell in Thirukkachur - 1

The guideline value plays a significant role in the registration process when buying or selling property in Thirukkachur - 1. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is considered to ensure that the transaction is registered at a value that reflects the current market conditions. This helps in maintaining transparency and fairness 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 has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then increased to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total charges would amount to Rs 49,500.

Which office handles the registration for Kamaraj Avenue?

The Chengleput Joint II Sub Registrar Office handles the registration for Kamaraj Avenue, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the land classification for Kamaraj Avenue?

Kamaraj Avenue is classified as Residential Class I Type - II, indicating its suitability for residential development.