Guideline Value for KAMARAJAR SALAI

Kamarajar Salai guideline value

The current guideline value of Kamarajar Salai is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Perumbakkam village, under the Selaiyur SRO, and is classified as Residential Class II Type - II.

How the guideline value of Kamarajar Salai has changed

The guideline value for Kamarajar Salai has undergone several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which saw a decrease to Rs 1,005 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 1,500 per sq.ft, and the latest revision in 2024 has raised it further to Rs 1,600 per sq.ft.

In terms of percentage changes, the guideline value increased by 49% from 2017 to 2023, followed by a 7% increase from 2023 to 2024. Overall, when comparing the 2012 revision to the 2024 revision, there has been a 7% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Perumbakkam

In Perumbakkam, there are 225 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 4,800 per sq.ft, with a median value of Rs 2,725 per sq.ft. The guideline value of Kamarajar Salai is below this median.

• Kamarajar Street: Rs 3,300 per sq.ft (2024)
• Kakkanji Street: Rs 3,300 per sq.ft (2024)
• Kailash Nagar: Rs 2,725 per sq.ft (2024)
• Kannagi Street: Rs 3,300 per sq.ft (2024)
• Jothi Durai Street: Rs 2,725 per sq.ft (2024)
• Jey Yes Road: Rs 2,725 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 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, making the total charges Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kamarajar Salai?

The Kamarajar Salai falls under the Selaiyur Sub Registrar Office located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process of property transactions in Perumbakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that both buyers and sellers are aware of the financial obligations associated with the transaction. This helps in maintaining transparency in property dealings.

Frequently asked questions

What is the current guideline value of Kamarajar Salai?

The current guideline value of Kamarajar Salai is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,600 per sq.ft in 2024.

What is the land classification for Kamarajar Salai?

Kamarajar Salai is classified as Residential Class II Type - II, indicating its suitability for residential development.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is the stamp duty calculated for properties in Kamarajar Salai?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a total stamp duty of Rs 1,12,000 based on the guideline value.