Guideline Value for KAMARAJ SAIAI

Kamaraj Saiai guideline value

The current guideline value of Kamaraj Saiai is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Chinnasekkadu village, under the Thiruvottiyur SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Kamaraj Saiai has changed

The guideline value for Kamaraj Saiai has seen several revisions over the years. In 2002, the value was Rs 97 per sq.ft, which increased to Rs 210 per sq.ft in 2003, marking a significant rise of 116%. Following this, the value rose to Rs 700 per sq.ft in 2007, a jump of 233%. The 2012 revision set the value at Rs 2,000 per sq.ft, reflecting an increase of 186% from the previous revision. However, in 2017, the value dropped to Rs 1,340 per sq.ft, a decrease of 33%. The most recent revisions show an increase to Rs 2,000 per sq.ft in 2023, followed by the current value of Rs 2,200 per sq.ft in 2024, representing a 10% rise.

Overall, from 2002 to 2024, the guideline value has increased by 2,168%. There are no figures available for any other revisions for this street.

Guideline values in Chinnasekkadu

Chinnasekkadu has 49 streets under the Thiruvottiyur SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, making Kamaraj Saiai's 2024 figure above this median.

• Kamalammal Nagar: Rs 1,001 per sq.ft (2024)
• Kannan Nagar/Street: Rs 1,300 per sq.ft (2024)
• Kannayiram Street: Rs 1,000 per sq.ft (2024)
• Kalaignar Karunanithi Street: Rs 1,300 per sq.ft (2024)
• Kakkanpuram / Radha Nagar / Kannapiran Street / Kannapiran Koil Street: Rs 1,001 per sq.ft (2024)
• Jagannathan Street/ Achari Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kamaraj Saiai

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total cost for these fees to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kamaraj Saiai?

The Kamaraj Saiai street falls under the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. To find your specific SRO, you can visit find your SRO.

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

The guideline value is an important factor in property transactions in Chinnasekkadu, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees that are applicable during the registration process.

It is essential for buyers and sellers to be aware of the current guideline value, as it can impact the overall costs involved in the transaction. The guideline value serves as a reference point for both parties during negotiations and ensures that the property is registered at a fair value.

Frequently asked questions

What is the current guideline value of Kamaraj Saiai?

The current guideline value of Kamaraj Saiai is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 97 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, with various revisions in between, including a significant rise of 2,168% overall.

What is the land classification of Kamaraj Saiai?

Kamaraj Saiai is classified as Commercial Class I Type - I, indicating its use for commercial purposes.

What are the stamp duty and registration fees for properties in Kamaraj Saiai?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which Sub Registrar Office covers Kamaraj Saiai?

Kamaraj Saiai is covered by the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.