Guideline Value for KAMARAJ COLONY 5TH STREET

Kamaraj Colony 5th Street guideline value

The current guideline value for Kamaraj Colony 5th 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 it falls under the Residential Class IV Type - II land classification.

How the guideline value of Kamaraj Colony 5th Street has changed

The guideline value for Kamaraj Colony 5th Street has seen multiple revisions over the years. Starting from the 2002 revision, the value was Rs 795 per sq.ft. It increased to Rs 873 per sq.ft in 2003, followed by a rise to Rs 1,050 per sq.ft in 2007. The 2012 revision saw a decrease to Rs 4,000 per sq.ft, and then it dropped further to Rs 2,680 per sq.ft in 2017. The subsequent revisions were increases, with the value rising to Rs 4,000 per sq.ft in 2023, and now it stands at Rs 4,400 per sq.ft in 2024.

In terms of percentage changes, from 2002 to 2024, there has been an overall increase of 453%. Notably, the change from 2017 to 2023 was an increase of 49%, while the jump from 2007 to 2012 was a significant 281% increase. The most recent change from 2023 to 2024 reflects a 10% increase in the guideline value.

Guideline values in Puliyur

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

• Kamaraj Colony 4th Street: Rs 4,400 per sq.ft (2024)
• Kamaraj Colony 6th Street: Rs 4,400 per sq.ft (2024)
• Kamaraj Colony 3rd Street: Rs 4,400 per sq.ft (2024)
• Kamaraj Colony 7th Street: Rs 4,400 per sq.ft (2024)
• Kamaraj Colony 2nd Street: Rs 4,400 per sq.ft (2024)
• Kamaraj Colony 8th Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Kamaraj Colony 5th 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 fees together 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 further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamaraj Colony 5th Street?

The Kamaraj Colony 5th Street falls under 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 plays a crucial role during the registration process of property transactions in Puliyur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value is compared to the sale price. The higher of the two is used to calculate the applicable stamp duty and registration fees, which are necessary for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value for Kamaraj Colony 5th Street?

The current guideline value for Kamaraj Colony 5th 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 multiple times, starting from Rs 795 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 453% over the years.

What are the stamp duty and registration fees for properties in Kamaraj Colony 5th 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 office handles registrations for Kamaraj Colony 5th Street?

The Kodambakkam Sub Registrar Office handles registrations for Kamaraj Colony 5th Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

What is the median guideline value for streets in Puliyur?

The median guideline value for streets in Puliyur is Rs 5,800 per sq.ft, with Kamaraj Colony 5th Street's 2024 figure being below this median.