Guideline Value for KAMARAJ COLONY 4TH STREET

Kamaraj Colony 4th Street guideline value

The current guideline value of Kamaraj Colony 4th Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village under the Kodambakkam SRO and is classified as Residential Class IV Type - II.

How the guideline value of Kamaraj Colony 4th Street has changed

The guideline value for Kamaraj Colony 4th Street has undergone several revisions over the years. In 2002, the value was Rs 795 per sq.ft, which increased to Rs 873 per sq.ft in 2003. The value saw a significant rise to Rs 1,050 per sq.ft in 2007, followed by a substantial increase to Rs 4,000 per sq.ft in 2012. However, in 2017, the value decreased to Rs 2,680 per sq.ft. The most recent revisions show an increase to Rs 4,000 per sq.ft in 2023, and the current value is Rs 4,400 per sq.ft as of 2024.

From 2017 to 2023, there was a notable increase of 49%. The transition from 2023 to 2024 reflects a 10% increase. Overall, from 2002 to 2024, the guideline value has increased by 453%. There are no figures available for the years not listed in the register for this street.

Guideline values in Puliyur

Puliyur village has a total of 648 streets under the Kodambakkam SRO, with guideline values for 2024 ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median guideline value for the village is Rs 5,800 per sq.ft, placing Kamaraj Colony 4th Street's current value below that median.

• Kamaraj Colony 1st Street: Rs 4,600 per sq.ft (2024)
• Kamaraj Colony 2nd Street: Rs 4,400 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 4th Street

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

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamaraj Colony 4th Street?

The Kamaraj Colony 4th Street falls under the jurisdiction of 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 aspect of property transactions in Puliyur. It serves as a benchmark for determining the minimum value of a property for registration purposes. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these charges are based on a standardized value.

During the registration process, buyers and sellers must be aware that the guideline value is used to establish the legal value of the property. This helps in maintaining transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Kamaraj Colony 4th Street?

The current guideline value of Kamaraj Colony 4th 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 changed significantly from Rs 795 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, showing an overall increase of 453% over the years.

What are the stamp duty and registration fees for properties in Kamaraj Colony 4th Street?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which Sub Registrar Office handles the registration for Kamaraj Colony 4th Street?

The registration for Kamaraj Colony 4th Street is handled by the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is the guideline value determined for properties in Puliyur?

The guideline value is determined by the Registration Department and is based on various factors, including land classification and historical revisions. It serves as a reference point for property transactions in the area.