Guideline Value

Corporate

Guideline Value for KAMARAJ COLONY 7TH STREET

₹4400/sq.ft.

The guideline value for Kamaraj Colony 7th Street in Puliyur village (Kodambakkam SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Puliyur

Village

Kodambakkam

SRO

Residential Class IV Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1050 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹873 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹795 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.
044-24843265
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Kamaraj Colony 7th Street

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Kamaraj Colony 7th Street guideline value

The current guideline value of Kamaraj Colony 7th Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village, under the Kodambakkam SRO, classified as Residential Class IV Type - II.

How the guideline value of Kamaraj Colony 7th Street has changed

The guideline value for Kamaraj Colony 7th Street has seen several revisions over the years. Starting from Rs 795 per sq.ft in 2002, it increased to Rs 873 per sq.ft in 2003, marking a 10% rise. The value then rose significantly to Rs 1,050 per sq.ft in 2007, reflecting a 20% increase. By 2012, the value remained at Rs 4,000 per sq.ft, showing no change from the previous revision. In 2023, the value again stood at Rs 4,000 per sq.ft, but in the 2024 revision, it increased to Rs 4,400 per sq.ft, a rise of 10%.

Notably, there is no figure available for the 2017 revision for this street. Overall, from 2002 to 2024, the guideline value has surged by 453%.

Guideline values in Puliyur

In Puliyur village, there are 648 streets under the Kodambakkam SRO with 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, indicating that Kamaraj Colony 7th Street's 2024 figure is below this median.

Stamp duty and registration fee for property in Kamaraj Colony 7th 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 fees 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.

You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kamaraj Colony 7th Street?

The Kamaraj Colony 7th 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 of property transactions in Puliyur. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the buyer must pay the applicable fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the correct revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kamaraj Colony 7th Street?

The current guideline value of Kamaraj Colony 7th 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 increased from Rs 795 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, a total increase of 453% over the years.

What is the registration fee for property in Kamaraj Colony 7th Street?

The registration fee is calculated based on the guideline value. For a property valued at Rs 44,00,000, the registration fee at 2% would be Rs 88,000.

Which office handles property registrations in Kamaraj Colony 7th Street?

The Kodambakkam Sub Registrar Office handles property registrations for Kamaraj Colony 7th Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

What are the other streets in Puliyur with the same guideline value?

Other streets in Puliyur under the Kodambakkam SRO have the same guideline value of Rs 4,400 per sq.ft in 2024, including Kamaraj Colony 6th, 8th, 5th, 9th, 4th, and 3rd Streets.