Guideline Value for KAMARAJ SALAI

Kamaraj Salai guideline value

The current guideline value of Kamaraj Salai in Matthur village, under the Thiruvottiyur SRO, is Rs 1,650 per sq.ft, effective from 1 July 2024. This area is classified as Commercial Class I Type - I.

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 Rs 1,500 per sq.ft, which decreased to Rs 1,005 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 1,500 per sq.ft. The latest revision in 2024 raised the guideline value to Rs 1,650 per sq.ft, reflecting a 10% increase from the previous year.

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

Guideline values in Matthur

In Matthur village, there are 66 streets under the Thiruvottiyur SRO, with guideline values ranging from Rs 1,100 to Rs 3,300 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, making Kamaraj Salai's 2024 figure above the median.

• Kamaraj Nagar: Rs 1,100 per sq.ft (2024)
• Kanagambal Nagar: Rs 1,100 per sq.ft (2024)
• Kanagambal Nagar Extn: Rs 1,100 per sq.ft (2024)
• Kaliyuga Kannman Nagar: Rs 1,100 per sq.ft (2024)
• Kannappan Nagar: Rs 1,100 per sq.ft (2024)
• Karumari Amman Kovil Streets/ Nagars: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Kamaraj Salai

For a 1,000 sq.ft plot at the current rate of Rs 1,650 per sq.ft, the guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. It is important to note that the 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 Salai?

The Kamaraj Salai area is covered by the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Matthur. It is used to determine the stamp duty and registration fees that buyers must pay, ensuring compliance with local regulations.

When buying or selling property, both parties must consider the guideline value as it reflects the official valuation set by the government. This value helps in determining the financial obligations associated with the transaction.

Frequently asked questions

What is the current guideline value of Kamaraj Salai?

The current guideline value of Kamaraj Salai is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What are the other streets in Matthur with their guideline values?

Other streets in Matthur include Kamaraj Nagar, Kanagambal Nagar, Kanagambal Nagar Extn, Kaliyuga Kannman Nagar, Kannappan Nagar, and Karumari Amman Kovil Streets/Nagars, all with a guideline value of Rs 1,100 per sq.ft in 2024.

What are the stamp duty and registration fees for Kamaraj Salai?

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Where is the Sub Registrar Office for Kamaraj Salai located?

The Sub Registrar Office for Kamaraj Salai is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.