Guideline Value for KAMARAJ STREET

Kamaraj Street guideline value

The current guideline value of Kamaraj Street in Puliyur village, under the Kodambakkam SRO, is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is classified as Residential Class IV Type - III.

How the guideline value of Kamaraj Street has changed

The guideline value for Kamaraj Street has undergone several revisions over the years. In 2003, the value was Rs 878 per sq.ft, which increased to Rs 1,050 per sq.ft in 2007, marking a change of +20%. The value saw a significant rise to Rs 3,500 per sq.ft in 2012, reflecting an increase of +233%. The guideline value remained unchanged at Rs 3,500 per sq.ft until the 2023 revision, which brought it to Rs 3,800 per sq.ft, a rise of +9%.

It is important to note that there are no figures available for Kamaraj Street in the 2017 and 2002 revisions. Overall, from 2003 to 2024, the guideline value has increased by +333%.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value for these streets is Rs 5,800 per sq.ft, indicating that Kamaraj Street's 2024 figure is below this median.

• Kamatchiamman Colony 1st Street: Rs 5,300 per sq.ft (2024)
• Kamatchiamman Colony 2nd Street: Rs 5,300 per sq.ft (2024)
• Kamaraj Nagar Extension: Rs 5,300 per sq.ft (2024)
• Kamatchi Nagar: Rs 5,000 per sq.ft (2024)
• Kamaraj Nagar 4th Street: Rs 5,300 per sq.ft (2024)
• Kamaraj Nagar 3rd Street: Rs 5,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kamaraj Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value would be Rs 38,00,000. The stamp duty at 7% would amount to Rs 2,66,000, and the registration fee at 2% would be Rs 76,000. The total cost for stamp duty and registration would be Rs 3,42,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Kamaraj Street?

Kamaraj Street falls under the jurisdiction of the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Puliyur, the guideline value is used to calculate the stamp duty and registration fees, ensuring that all transactions are conducted fairly and transparently.

Frequently asked questions

What is the current guideline value of Kamaraj Street?

The current guideline value of Kamaraj Street is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 878 per sq.ft in 2003 to Rs 3,800 per sq.ft in 2024, reflecting an overall increase of +333% over the years.

What is the classification of Kamaraj Street?

Kamaraj Street is classified as Residential Class IV Type - III, indicating its suitability for residential purposes.

Where can I find the Kodambakkam Sub Registrar Office?

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is the stamp duty calculated for properties on Kamaraj Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 38,00,000 would incur a stamp duty of Rs 2,66,000.