Guideline Value for KAMARAJ PALAYAM

Kamaraj Palayam guideline value

The current guideline value of Kamaraj Palayam is Rs 330 per sq.ft, effective from 1 July 2024. This street is located in Athipattu village under the Thiruvottiyur SRO, classified as Residential Class I Type - I.

How the guideline value of Kamaraj Palayam has changed

The guideline value for Kamaraj Palayam has seen several revisions over the years. The revision history shows that in 2017, the guideline value was Rs 201 per sq.ft. This increased to Rs 300 per sq.ft in the 2023 revision, marking a significant rise of 49%. The latest revision in 2024 has set the value at Rs 330 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Athipattu

Athipattu village has a total of 108 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 462 per sq.ft. The median value for these streets is Rs 330 per sq.ft, which is equal to the current guideline value of Kamaraj Palayam.

• Kamatchi Nagar: Rs 330 per sq.ft (2024)
• Kamban Nagar: Rs 330 per sq.ft (2024)
• Kamarajar Street: Rs 330 per sq.ft (2024)
• Kali Varadhan Nagar: Rs 330 per sq.ft (2024)
• Kannya Puram: Rs 330 per sq.ft (2024)
• Karaiyan Medu: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Kamaraj Palayam

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value amounts to Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, bringing the total fees together to Rs 29,700. 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 Palayam?

The Kamaraj Palayam area falls under the jurisdiction of the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Athipattu. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. The guideline value is set by the government and is updated periodically to reflect market conditions.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Kamaraj Palayam?

The current guideline value of Kamaraj Palayam is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023, and then to Rs 330 per sq.ft in 2024. This represents a total increase of 64% from 2017 to 2024.

What is the registration office for Kamaraj Palayam?

The Thiruvottiyur Sub Registrar Office covers Kamaraj Palayam, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is stamp duty calculated for properties in Kamaraj Palayam?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a total stamp duty of Rs 23,100.

What other streets in Athipattu have the same guideline value?

Several other streets in Athipattu have the same guideline value of Rs 330 per sq.ft in 2024, including Kamatchi Nagar, Kamban Nagar, Kamarajar Street, Kali Varadhan Nagar, Kannya Puram, and Karaiyan Medu.