Guideline Value for KAMARAJAR SALAI

Kamarajar Salai guideline value

The current guideline value of Kamarajar Salai is Rs 15,900 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village, under the Mylapore SRO, and is classified as Residential Class I Type - II.

How the guideline value of Kamarajar Salai has changed

The guideline value of Kamarajar Salai has seen significant changes over the years. In 2002, the guideline value was Rs 1,045 per sq.ft. This increased to Rs 1,161 per sq.ft in 2003, marking an increase of 11%. The value then rose dramatically to Rs 2,365 per sq.ft in 2007, which was a 104% increase from the previous revision. Following this, the 2012 revision set the value at Rs 14,500 per sq.ft, representing a substantial increase of 513% from 2007.

The most recent revision in 2024 has set the guideline value at Rs 15,900 per sq.ft, which is a 10% increase from the 2012 figure. Overall, from 2002 to 2024, the guideline value has increased by 1,422%.

Guideline values in Mylapore

In Mylapore, there are 883 streets under the Mylapore SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 25,800 per sq.ft, with a median value of Rs 8,800 per sq.ft. Kamarajar Salai's 2024 guideline value is above this median.

• Kalvivaru Street: Rs 14,300 per sq.ft (2024)
• KALVAIKARAI SALAI (Nadukuppam South Side): Rs 3,300 per sq.ft (2024)
• Kalvaikarai Salai: Rs 8,200 per sq.ft (2024)
• Kallukkaran Street: Rs 7,100 per sq.ft (2024)
• Kalingarayan Street: Rs 4,900 per sq.ft (2024)
• Kanagarayan Malaiappan Street: Rs 8,200 per sq.ft (2024)

Stamp duty and registration fee for property in Kamarajar Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 15,900 per sq.ft, the total guideline value amounts to Rs 1,59,00,000. The stamp duty at 7% would be Rs 11,13,000, and the registration fee at 2% would be Rs 3,18,000, bringing the total fees to Rs 14,31,000. 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 details.

Which Sub Registrar Office covers Kamarajar Salai?

The Sub Registrar Office that covers Kamarajar Salai is the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Mylapore. It serves as a benchmark for determining the minimum sale price of a property, ensuring that transactions are registered at a value that reflects the current market conditions.

When a property is registered, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the government collects appropriate revenue based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Kamarajar Salai?

The current guideline value of Kamarajar Salai is Rs 15,900 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased significantly from Rs 1,045 per sq.ft in 2002 to Rs 15,900 per sq.ft in 2024, marking an overall increase of 1,422%.

What is the land classification for Kamarajar Salai?

Kamarajar Salai is classified as Residential Class I Type - II under the Mylapore SRO.

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

For a 1,000 sq.ft property at the current guideline value, the total stamp duty and registration fees would amount to Rs 14,31,000.

Where is the Mylapore Sub Registrar Office located?

The Mylapore Sub Registrar Office is located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.