Guideline Value for KAMARAJ SALAI

Kamaraj Salai guideline value

The current guideline value of Kamaraj Salai is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Okkiyamthuraipakkam village, under the Neelankarai SRO, and is classified as Residential Special Type - III.

How the guideline value of Kamaraj Salai has changed

The guideline value for Kamaraj Salai has seen several revisions over the years. In 2012, the value was set at Rs 5,000 per sq.ft, which decreased to Rs 3,350 per sq.ft in 2017. This was a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49%, reaching Rs 5,000 per sq.ft. The most recent revision in 2024 raised the value to Rs 5,500 per sq.ft, marking a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for Kamaraj Salai. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Okkiyamthuraipakkam

In Okkiyamthuraipakkam, there are 453 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median value of these streets is Rs 3,300 per sq.ft, placing Kamaraj Salai's 2024 figure above this median.

• Kamaraj Street (Near Post Office): Rs 4,400 per sq.ft (2024)
• Kamaraj Street (Near V.P.G.): Rs 2,200 per sq.ft (2024)
• Kamarajar Street (Near Industrial Estate Road/Egret): Rs 5,500 per sq.ft (2024)
• KAMARAJAR STREET (10ft ROAD): Rs 2,200 per sq.ft (2024)
• Kanakavalli Avenue: Rs 1,100 per sq.ft (2024)
• Karunanithi Cholan Nagar: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Kamaraj Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value would be Rs 55,00,000. The stamp duty at 7% would amount to Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total fees together to Rs 4,95,000. 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 Salai?

The Kamaraj Salai falls under the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for additional assistance.

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

When buying or selling property in Okkiyamthuraipakkam, the guideline value is a crucial factor in determining the stamp duty and registration fees. The guideline value serves as a benchmark for the property transaction, ensuring that the fees are calculated based on a standardized value set by the authorities.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of the transaction. Accurate knowledge of the guideline value helps in avoiding disputes during the registration process.

Frequently asked questions

What is the current guideline value of Kamaraj Salai?

The current guideline value of Kamaraj Salai is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 5,000 per sq.ft in 2012 to Rs 3,350 per sq.ft in 2017, then to Rs 5,000 per sq.ft in 2023, and finally to Rs 5,500 per sq.ft in 2024.

What is the land classification for Kamaraj Salai?

Kamaraj Salai is classified as Residential Special Type - III under the Neelankarai SRO.

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How do I calculate stamp duty and registration fees?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for precise calculations.