Guideline Value for KAMARAJ COLONY 8TH STREET

Kamaraj Colony 8th Street guideline value

The current guideline value for Kamaraj Colony 8th 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 8th Street has changed

The guideline value for Kamaraj Colony 8th 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. This was followed by a rise to Rs 1,050 per sq.ft in 2007, marking a 20% increase. The value then saw a significant jump to Rs 4,000 per sq.ft in 2012, representing a 281% increase. However, there was no change in the guideline value from 2012 to 2023, where it remained at Rs 4,000 per sq.ft. The most recent revision in 2024 saw the value rise to Rs 4,400 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register has no figure for this street for the year 2017.

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 8th Street's 2024 figure below the median.

• Kamaraj Colony 7th Street: Rs 4,400 per sq.ft (2024)
• Kamaraj Colony 9th Street: Rs 4,400 per sq.ft (2024)
• Kamaraj Colony 6th Street: Rs 4,400 per sq.ft (2024)
• Kamaraj Colony 5th Street: Rs 4,400 per sq.ft (2024)
• Kamaraj Colony 4th Street: Rs 4,400 per sq.ft (2024)
• Kamaraj Colony 3rd Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Kamaraj Colony 8th 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, charged at 7%, would be Rs 3,08,000, while the registration fee at 2% would be Rs 88,000. Together, these fees would total 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 information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamaraj Colony 8th Street?

The Kamaraj Colony 8th 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 details.

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

The guideline value is a crucial factor when buying or selling property in Puliyur. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction. Buyers and sellers must be aware that the guideline value may influence the overall cost of property registration.

When a property is registered, the guideline value is compared with the sale price. The higher of the two figures is used to calculate the applicable duties and fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value for Kamaraj Colony 8th Street?

The current guideline value for Kamaraj Colony 8th 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 is the median guideline value in Puliyur?

The median guideline value for streets in Puliyur is Rs 5,800 per sq.ft, which is higher than the current value for Kamaraj Colony 8th Street.

What fees are associated with buying property in Kamaraj Colony 8th Street?

When buying property, you will incur stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Kamaraj Colony 8th Street?

The Kodambakkam Sub Registrar Office, which covers Kamaraj Colony 8th Street, is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.