Guideline Value for KAMARAJAR SALAI

Kamarajar Salai guideline value

The current guideline value of Kamarajar Salai is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Manali village under the Thiruvottiyur SRO, and the land classification is Commercial Special Type - I.

How the guideline value of Kamarajar Salai has changed

The guideline value for Kamarajar Salai has undergone several revisions over the years. The earliest recorded figure is from 2002, where the guideline value was Rs 93 per sq.ft. This increased significantly to Rs 210 per sq.ft in 2003, marking a change of +126%. In 2007, the value further rose to Rs 250 per sq.ft, an increase of +19%. The 2012 revision saw the value rise to Rs 2,000 per sq.ft, a substantial increase of +700% from 2007. However, it then dropped to Rs 1,340 per sq.ft in 2017, reflecting a decrease of -33%. The guideline value increased again to Rs 2,000 per sq.ft in 2023, followed by the latest revision in 2024, where it is now Rs 2,200 per sq.ft, showing a change of +10% from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by +2266%. There are no figures available for the years not listed in the register for Kamarajar Salai.

Guideline values in Manali

In Manali, there are 84 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,001 to Rs 3,300 per sq.ft, with a median value of Rs 1,200 per sq.ft. The guideline value of Kamarajar Salai is above this median.

• Kalaignar Street: Rs 1,200 per sq.ft (2024)
• Kakkanji Street: Rs 1,200 per sq.ft (2024)
• Jeevanandam Street: Rs 1,200 per sq.ft (2024)
• Jalaganda Mariamman Koil Street: Rs 1,200 per sq.ft (2024)
• Jaageer Hussain Street: Rs 1,200 per sq.ft (2024)
• Indira Gandhi Street: Rs 1,200 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 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, making the total cost for these fees Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kamarajar Salai?

The Sub Registrar Office that covers Kamarajar Salai is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value plays a crucial role during property registration in Manali. It serves as a benchmark for determining the minimum value of a property for the purpose of calculating stamp duty and registration fees. Buyers and sellers must be aware that the guideline value is used to ensure that the transaction is registered at a fair value as per the government’s valuation.

When a property is sold, the guideline value is referred to by the registration office to calculate the applicable fees. This ensures that all transactions are transparent and comply with the regulations set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Kamarajar Salai?

The current guideline value of Kamarajar Salai is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 93 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of +2266% over the years.

What is the land classification for Kamarajar Salai?

Kamarajar Salai is classified as Commercial Special Type - I, which influences its guideline value and potential uses.

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

The stamp duty is charged at 7%, and the registration fee is 2% of the guideline value, making it essential for buyers to calculate these costs during a property transaction.

Where can I find the Sub Registrar Office for Kamarajar Salai?

The Sub Registrar Office that covers Kamarajar Salai is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.