Guideline Value for KAMARAJ COLONY 9TH STREET

Kamaraj Colony 9th Street guideline value

The current guideline value of Kamaraj Colony 9th 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 9th Street has changed

The guideline value for Kamaraj Colony 9th Street has seen several revisions over the years. In 2002, the guideline value was Rs 795 per sq.ft, which increased to Rs 873 per sq.ft in 2003, marking a 10% rise. By 2007, the value jumped significantly to Rs 1,050 per sq.ft, reflecting a 20% increase from the previous revision. The 2012 revision saw no change, maintaining the value at Rs 4,000 per sq.ft until 2023. In 2023, the value remained at Rs 4,000 per sq.ft, but in 2024, it rose to Rs 4,400 per sq.ft, a 10% increase.

It is important to note that there is no figure available for Kamaraj Colony 9th Street in the 2017 revision. 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, with 2024 guideline values ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value across these streets is Rs 5,800 per sq.ft, placing Kamaraj Colony 9th Street's 2024 figure below that median.

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

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 44,00,000. The stamp duty is charged at 7%, totaling Rs 3,08,000, and the registration fee at 2% amounts to Rs 88,000. Together, the total cost for these fees is Rs 3,96,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamaraj Colony 9th Street?

The Kamaraj Colony 9th 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 plays a crucial role in property transactions in Puliyur. It is used to determine the stamp duty and registration fees that must be paid during the registration of a property. Buyers and sellers must be aware of this value as it directly impacts the overall cost of the transaction.

When purchasing a property, the guideline value ensures that the transaction is registered at a fair value, reflecting the current market conditions. This helps in maintaining transparency in property dealings and ensures that the government receives the appropriate taxes from property transactions.

Frequently asked questions

What is the current guideline value of Kamaraj Colony 9th Street?

The current guideline value of Kamaraj Colony 9th 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 significantly from Rs 795 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, representing an overall increase of 453% over the years.

What are the stamp duty rates for properties in Kamaraj Colony 9th Street?

The stamp duty for properties in Kamaraj Colony 9th Street is charged at 7% of the guideline value or sale price, whichever is higher.

Where is the Kodambakkam Sub Registrar Office located?

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

What is the median guideline value in Puliyur village?

The median guideline value in Puliyur village is Rs 5,800 per sq.ft, with Kamaraj Colony 9th Street's 2024 figure being below this median.