Guideline Value for KAMARAJAR SALAI (WARD -8)

Kamarajar Salai (Ward -8) guideline value

The current guideline value of Kamarajar Salai (Ward -8) is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Ninna Karai village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Kamarajar Salai (Ward -8) has changed

The guideline value for Kamarajar Salai has seen several revisions over the years. The earliest recorded value is from 2012, which was Rs 1,800 per sq.ft. This figure remained the same until the next revision in 2017, which saw a decrease to Rs 1,206 per sq.ft. However, from 2017 to 2023, the guideline value increased significantly to Rs 1,800 per sq.ft, marking a 49% rise. The most recent revision in 2024 set the value at Rs 1,980 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no recorded figures for Kamarajar Salai in the revisions for the years 2002, 2003, and 2007. Overall, the guideline value has increased by 10% from 2012 to 2024.

Guideline values in Ninna Karai

Ninna Karai village has a total of 449 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, placing Kamarajar Salai's 2024 value above this median.

• Kamarajar Steet (Ward -3): Rs 990 per sq.ft (2024)
• Kalaivanar Street (Ward -5): Rs 1,321 per sq.ft (2024)
• Kalaimagal Nagar, Ninnakarai (Ward -19): Rs 660 per sq.ft (2024)
• Kammbar Street (Ward -7): Rs 1,980 per sq.ft (2024)
• Kalaignar Karunanithi Nagar (Ward -2): Rs 660 per sq.ft (2024)
• Kannadasan 1st Street (Ward -7): Rs 1,321 per sq.ft (2024)

Stamp duty and registration fee for property in Kamarajar Salai (Ward -8)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total costs together to Rs 1,78,200. 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 Kamarajar Salai (Ward -8)?

The Kamarajar Salai (Ward -8) area is covered by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when buying or selling property in Ninna Karai, as it determines the minimum value at which a property can be registered. Buyers must pay stamp duty and registration fees based on this guideline value, ensuring that the transaction is legally recognized.

When a property is sold, the guideline value helps in assessing the appropriate taxes and fees that need to be paid during the registration process. This ensures transparency and compliance with local regulations, making it essential for both buyers and sellers to be aware of the current guideline value.

Frequently asked questions

What is the current guideline value of Kamarajar Salai (Ward -8)?

The current guideline value of Kamarajar Salai (Ward -8) is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then back to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,980 per sq.ft in 2024.

What is the land classification for Kamarajar Salai (Ward -8)?

The land classification for Kamarajar Salai (Ward -8) is Residential Special Type - II.

What are the stamp duty and registration fees for property in Kamarajar Salai (Ward -8)?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total costs would amount to Rs 1,78,200.

Which office handles property registrations for Kamarajar Salai (Ward -8)?

The Chengleput Joint II Sub Registrar Office handles property registrations for Kamarajar Salai (Ward -8), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.