Guideline Value for KAMARAJAR SALAI (BEACH ROAD)

Kamarajar Salai (Beach Road) guideline value

The current guideline value of Kamarajar Salai (Beach Road) is Rs 13,200 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village and falls under the Triplicane SRO, classified as Commercial Class I Type - I.

How the guideline value of Kamarajar Salai (Beach Road) has changed

The guideline value for Kamarajar Salai (Beach Road) has seen several revisions over the years. The 2012 revision set the value at Rs 12,000 per sq.ft, which decreased to Rs 8,040 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 12,000 per sq.ft in 2023, and most recently, it has risen to Rs 13,200 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, comparing the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO that carry a 2024 guideline value, ranging from Rs 2,700 to Rs 20,900 per sq.ft. The median value for these streets is Rs 6,600 per sq.ft, placing Kamarajar Salai (Beach Road) above this median value.

• Kalimanpuram Street: Rs 6,600 per sq.ft (2024)
• Kalimanpuram 2nd Street: Rs 5,500 per sq.ft (2024)
• Kalimanpuram 1st Street: Rs 5,500 per sq.ft (2024)
• Kamman Dharwaja Street (Bharathi Salai / Pycrofts Road): Rs 8,800 per sq.ft (2024)
• Kandappa Mudali Street: Rs 6,600 per sq.ft (2024)
• John Mohammed Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Kamarajar Salai (Beach Road)

For a 1,000 sq.ft plot at the current guideline value of Rs 13,200 per sq.ft, the total guideline value amounts to Rs 1,32,00,000. The stamp duty at 7% would be Rs 9,24,000, and the registration fee at 2% would be Rs 2,64,000, resulting in a total of Rs 11,88,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamarajar Salai (Beach Road)?

The Sub Registrar Office that covers Kamarajar Salai (Beach Road) is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrofts Road), Royapettah, Chennai-600014. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Triplicane. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When registering a property, the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Kamarajar Salai (Beach Road)?

The current guideline value of Kamarajar Salai (Beach Road) is Rs 13,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 12,000 per sq.ft in 2012 to Rs 8,040 per sq.ft in 2017, then increased to Rs 12,000 per sq.ft in 2023, and finally to Rs 13,200 per sq.ft in 2024.

What is the land classification of Kamarajar Salai (Beach Road)?

Kamarajar Salai (Beach Road) is classified as Commercial Class I Type - I.

What are the stamp duty and registration fees for properties in Kamarajar Salai (Beach Road)?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For example, on a 1,000 sq.ft plot, the total fees would amount to Rs 11,88,000.

Where is the Sub Registrar Office for Kamarajar Salai (Beach Road)?

The Sub Registrar Office for Kamarajar Salai (Beach Road) is located at No.182 Bharati Salai (Pycrofts Road), Royapettah, Chennai-600014.