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. This street is located in Peramanoor village under the Chengleput Joint II SRO, classified as Residential Special Type - II.

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

The guideline value for Kamarajar Salai has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,980 per sq.ft, an increase from Rs 1,800 per sq.ft in 2023, marking a change of +10%. Prior to that, the value was Rs 1,206 per sq.ft in 2017, which reflects a significant increase of +49% from that year to 2023. The 2012 revision also recorded a value of Rs 1,800 per sq.ft, showing a decrease of -33% when compared to the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by +10%.

The register has no figures for Kamarajar Salai in the years 2002, 2003, and 2007. This absence indicates that the guideline values during those years were not recorded for this specific street.

Guideline values in Peramanoor

In Peramanoor village, there are 430 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 2,200 per sq.ft, with a median value of Rs 1,100 per sq.ft. Kamarajar Salai's 2024 guideline value of Rs 1,980 per sq.ft is above this median.

• Kamarajar Steet (Ward -3): Rs 990 per sq.ft (2024)
• Kamalammal Avenue: Rs 1,650 per sq.ft (2024)
• Kamaraj Avenue: Rs 550 per sq.ft (2024)
• Kalaivanar Street (Ward -5): Rs 1,320 per sq.ft (2024)
• Kalaimagal Nagar, Ninnakarai (Ward -19): Rs 661 per sq.ft (2024)
• Kammbar Street (Ward -7): Rs 1,980 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 amounts to Rs 19,80,000. The stamp duty, charged at 7%, would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, resulting in a total of 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.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kamarajar Salai (Ward -8)?

Kamarajar Salai (Ward -8) is covered by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

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

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the property's 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 much has the guideline value changed over the years?

Since 2012, the guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,980 per sq.ft in 2024, reflecting an overall increase of +10%. The most significant change occurred between 2017 and 2023, where the value increased by +49%.

Where can I find the registration office for Kamarajar Salai (Ward -8)?

The registration office for Kamarajar Salai (Ward -8) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What are the stamp duty and registration fees for property in Kamarajar Salai?

For a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600 and the registration fee would be Rs 39,600, totaling Rs 1,78,200. These fees are calculated based on the higher of the guideline value or the sale price.

What is the land classification for Kamarajar Salai?

Kamarajar Salai is classified as Residential Special Type - II, which influences its guideline value and potential uses for property development.