Guideline Value for KAMARAJ ROAD / SALAI

Kamaraj Road / Salai guideline value

The current guideline value of Kamaraj Road / Salai is Rs 11,000 per sq.ft, effective from 1 July 2024. This road is located in Thiruvanmiyur village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Kamaraj Road / Salai has changed

The guideline value for Kamaraj Road / Salai has seen several revisions over the years. The earliest recorded revision was in 2012, where the guideline value was Rs 10,000 per sq.ft. This figure was revised to Rs 6,700 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 10,000 per sq.ft, representing a 49% rise. The latest revision in 2024 has set the value at Rs 11,000 per sq.ft, which is a 10% increase from the previous year.

It is important to note that there are no recorded figures for Kamaraj Road / Salai in the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO, with the 2024 guideline values ranging from Rs 3,520 to Rs 12,660 per sq.ft. The median guideline value for these streets is Rs 9,900 per sq.ft, placing Kamaraj Road / Salai above this median.

• Kamaraj Nagar West Avenue: Rs 9,900 per sq.ft (2024)
• Kamaraj Nagar South Avenue 12th East Street: Rs 9,900 per sq.ft (2024)
• Kamaraj Nagar South Avenue 10th East Street: Rs 9,900 per sq.ft (2024)
• Kamaraj Nagar South Avenue: Rs 12,660 per sq.ft (2024)
• Kamaraj Nagar Scheme: Rs 7,150 per sq.ft (2024)
• Kamaraj Nagar North Avenue: Rs 9,900 per sq.ft (2024)

Stamp duty and registration fee for property in Kamaraj Road / Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 11,000 per sq.ft, the total guideline value amounts to Rs 1,10,00,000. The stamp duty is charged at 7%, totaling Rs 7,70,000, while the registration fee is 2%, amounting to Rs 2,20,000. Together, these fees add up to Rs 9,90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamaraj Road / Salai?

The Sub Registrar Office covering Kamaraj Road / Salai is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

When buying or selling property in Thiruvanmiyur, the guideline value plays a crucial role in determining the registration fees and stamp duty. This value is set by the government and is used to calculate the taxes owed during the registration process.

It is essential for buyers and sellers to be aware of the current guideline value to ensure that they are compliant with the legal requirements and to avoid any discrepancies during the registration of the property.

Frequently asked questions

What is the current guideline value of Kamaraj Road / Salai?

The current guideline value of Kamaraj Road / Salai is Rs 11,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 10,000 per sq.ft in 2012 to Rs 6,700 per sq.ft in 2017, then increased to Rs 10,000 per sq.ft in 2023, and finally to Rs 11,000 per sq.ft in 2024.

What is the land classification for Kamaraj Road / Salai?

The land classification for Kamaraj Road / Salai is Residential Special Type - II.

Where can I find the Sub Registrar Office for Kamaraj Road / Salai?

The Sub Registrar Office for Kamaraj Road / Salai is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

How is stamp duty calculated for properties in Kamaraj Road / Salai?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 1,10,00,000, the stamp duty would be Rs 7,70,000 at 7%.