Guideline Value for KAMARAJ COLONY 6TH STREET

Kamaraj Colony 6th Street guideline value

The current guideline value of Kamaraj Colony 6th 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 6th Street has changed

The guideline value for Kamaraj Colony 6th Street has seen significant changes 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, marking a 10% rise. The value then rose to Rs 1,050 per sq.ft in 2007, which was a 20% increase. By 2012, the value remained at Rs 4,000 per sq.ft, reflecting no change from the previous revision. In 2023, the guideline value was again Rs 4,000 per sq.ft, maintaining the same figure as 2012. The most recent revision in 2024 saw a rise to Rs 4,400 per sq.ft, a 10% increase from 2023.

It is important to note that there is no figure available for the 2017 revision in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by 453%.

Guideline values in Puliyur

In Puliyur village, there are 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 value for these streets is Rs 5,800 per sq.ft, placing Kamaraj Colony 6th Street's 2024 figure below this median.

• Kamaraj Colony 5th Street: Rs 4,400 per sq.ft (2024)
• Kamaraj Colony 7th Street: Rs 4,400 per sq.ft (2024)
• Kamaraj Colony 4th Street: Rs 4,400 per sq.ft (2024)
• Kamaraj Colony 8th Street: Rs 4,400 per sq.ft (2024)
• Kamaraj Colony 3rd Street: Rs 4,400 per sq.ft (2024)
• Kamaraj Colony 9th Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Kamaraj Colony 6th 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, while the registration fee at 2% would be Rs 88,000. Together, the total cost for these fees would be 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.

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

Which Sub Registrar Office covers Kamaraj Colony 6th Street?

Kamaraj Colony 6th 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 an essential factor when registering property transactions in Puliyur. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When a buyer or seller registers a property, the guideline value is used to calculate the applicable fees, ensuring that the transaction is in compliance with local regulations. This value helps maintain transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value of Kamaraj Colony 6th Street?

The current guideline value of Kamaraj Colony 6th 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 from Rs 795 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 453% over the years.

What is the stamp duty rate for properties in Kamaraj Colony 6th Street?

The stamp duty rate for properties in Kamaraj Colony 6th Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Kamaraj Colony 6th Street?

The Kodambakkam Sub Registrar Office covers Kamaraj Colony 6th Street and is 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 6th Street's current value being below this median.