Guideline Value for KAMARAJ COLONY 2ND STREET

Kamaraj Colony 2nd Street guideline value

The current guideline value of Kamaraj Colony 2nd Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village and falls under the Kodambakkam SRO. The land classification for this area is Residential Class IV Type - II.

How the guideline value of Kamaraj Colony 2nd Street has changed

The guideline value for Kamaraj Colony 2nd Street has undergone several revisions over the years. In 2002, the guideline value was Rs 795 per sq.ft, which increased to Rs 873 per sq.ft in 2003, marking a change of +10%. The value saw a significant jump to Rs 1,050 per sq.ft in 2007, reflecting an increase of +20%. By 2012, the value remained at Rs 4,000 per sq.ft, showing no change from the previous revision. The next revision in 2023 brought the value to Rs 4,000 per sq.ft, maintaining the same rate as 2012.

In 2024, the guideline value was revised to Rs 4,400 per sq.ft, representing a change of +10% from the 2023 figure. Overall, from 2002 to 2024, the guideline value has increased by +453%, illustrating a substantial rise over the years.

Guideline values in Puliyur

In Puliyur village, there are 648 streets under the Kodambakkam SRO that have a 2024 guideline value ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value for these streets is Rs 5,800 per sq.ft, placing Kamaraj Colony 2nd Street's 2024 figure below that median.

• Kamaraj Colony 1st Street: Rs 4,600 per sq.ft (2024)
• Kamaraj Colony 3rd Street: Rs 4,400 per sq.ft (2024)
• Kamaraj Colony 4th Street: Rs 4,400 per sq.ft (2024)
• Kamaraj Colony 5th Street: Rs 4,400 per sq.ft (2024)
• Kamaraj Colony 6th Street: Rs 4,400 per sq.ft (2024)
• Kamaraj Colony 7th Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Kamaraj Colony 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kamaraj Colony 2nd Street?

The Kamaraj Colony 2nd Street is covered by the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Puliyur. When purchasing or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that the transaction is registered accurately with the government.

It is essential for buyers and sellers to be aware of the guideline value in their respective areas, as it directly influences the overall cost of property transactions in Puliyur.

Frequently asked questions

What is the current guideline value of Kamaraj Colony 2nd Street?

The current guideline value of Kamaraj Colony 2nd Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, starting from Rs 795 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, indicating a significant increase over the years.

What is the land classification for Kamaraj Colony 2nd Street?

The land classification for Kamaraj Colony 2nd Street is Residential Class IV Type - II.

Where can I find the Kodambakkam Sub Registrar Office?

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is the stamp duty calculated for properties in Kamaraj Colony 2nd Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the guideline value of Rs 4,400 per sq.ft, the stamp duty would be calculated accordingly.