Guideline Value for KAMARAJA PURAM

Kamaraja Puram guideline value

The current guideline value of Kamaraja Puram, located in Periyakuppam village under the Tiruvallur Joint 1 SRO, is Rs 1,320 per sq.ft effective from 1 July 2024. This area is classified as Residential Class I Type - II.

How the guideline value of Kamaraja Puram has changed

The guideline value for Kamaraja Puram has undergone several revisions over the years. The current value of Rs 1,320 per sq.ft was established in the 2024 revision, which reflects a 10% increase from the 2023 revision of Rs 1,200 per sq.ft. Prior to that, the 2017 revision set the value at Rs 804 per sq.ft, marking a significant 49% increase from the previous 2023 figure. The 2012 revision had the guideline value at Rs 1,200 per sq.ft, which was a decrease of 33% from the 2017 figure. Notably, there are no figures available for this street in the revisions of 2002, 2003, and 2007.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. This indicates a gradual adjustment in the value of properties in Kamaraja Puram over the years, reflecting changes in the local real estate landscape.

Guideline values in Periyakuppam

In Periyakuppam, there are 105 streets under the Tiruvallur Joint 1 SRO, with guideline values ranging from Rs 550 to Rs 3,300 per sq.ft. The median guideline value for the area is Rs 1,100 per sq.ft, placing Kamaraja Puram's 2024 figure above this median.

• Kamarajar Salai Main Road: Rs 1,650 per sq.ft (2024)
• Kamarajar Street: Rs 1,650 per sq.ft (2024)
• Kalamegam Street: Rs 550 per sq.ft (2024)
• Kalaivanar Street: Rs 1,100 per sq.ft (2024)
• Kabilar Street: Rs 550 per sq.ft (2024)
• Jothi Ramalingam Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Kamaraja Puram

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, while the registration fee at 2% would be Rs 26,400, bringing the total fees together to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kamaraja Puram?

Kamaraja Puram falls under the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. For more information, you can find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Periyakuppam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property sales.

When buying or selling property, the guideline value helps in determining the minimum price at which a property can be registered. This ensures transparency in transactions and helps prevent undervaluation of properties.

Frequently asked questions

What is the current guideline value of Kamaraja Puram?

The current guideline value of Kamaraja Puram is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2023 to Rs 1,320 per sq.ft in 2024, which is a 10% increase. It was Rs 804 per sq.ft in 2017 and Rs 1,200 per sq.ft in 2012, reflecting various increases and decreases over the years.

What is the median guideline value in Periyakuppam?

The median guideline value in Periyakuppam is Rs 1,100 per sq.ft. Kamaraja Puram's current value is above this median.

What are the stamp duty rates in Kamaraja Puram?

The stamp duty rate in Kamaraja Puram is 7% of the guideline value or sale price, whichever is higher. The registration fee is charged at 2% of the guideline value.

Where can I find the Sub Registrar Office for Kamaraja Puram?

The Sub Registrar Office covering Kamaraja Puram is the Tiruvallur Joint 1 SRO, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.