Guideline Value for KAMARAJAR ST (Meenavar colony)

KAMARAJAR ST (Meenavar colony) guideline value

The current guideline value of KAMARAJAR ST (Meenavar colony) is Rs 750 per sq.ft, effective from 1 July 2024. This street is located in Walajabad village under the Walajabad SRO and is classified as Residential Class IV Type - I.

How the guideline value of KAMARAJAR ST (Meenavar colony) has changed

The guideline value for KAMARAJAR ST has seen several revisions over the years. The 2012 revision set the value at Rs 750 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 502 per sq.ft. Following that, the 2023 revision brought it back to Rs 750 per sq.ft, and the same value was maintained in the 2024 revision, resulting in a 49% increase from 2017 to 2023, but no change from 2023 to 2024.

It is noteworthy that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, the guideline value from 2012 to 2024 remains unchanged at Rs 750 per sq.ft.

Guideline values in Walajabad

In Walajabad, there are 196 streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,000 per sq.ft, with a median value of Rs 750 per sq.ft. The guideline value for KAMARAJAR ST (Meenavar colony) aligns with this median.

• Kaliyamman Kovil St: Rs 750 per sq.ft (2024)
• Kammala Street: Rs 750 per sq.ft (2024)
• Kancheepuram Salai: Rs 1,500 per sq.ft (2024)
• Kannigapuram Second Cross Street: Rs 750 per sq.ft (2024)
• Jothikanniyamman Kovil St: Rs 750 per sq.ft (2024)
• Jothikanniyamman Kovil Cross St: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in KAMARAJAR ST (Meenavar colony)

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value is Rs 7,50,000. The stamp duty at 7% amounts to Rs 52,500, and the registration fee at 2% is Rs 15,000, making the total cost Rs 67,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers KAMARAJAR ST (Meenavar colony)?

KAMARAJAR ST (Meenavar colony) falls under the jurisdiction of the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Walajabad. 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 sold, the guideline value is compared against 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 from property transactions.

Frequently asked questions

What is the current guideline value of KAMARAJAR ST (Meenavar colony)?

The current guideline value of KAMARAJAR ST (Meenavar colony) is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 750 per sq.ft in the 2023 and 2024 revisions. It decreased from Rs 750 to Rs 502 per sq.ft in 2017 and then returned to Rs 750 in 2023.

What is the land classification of KAMARAJAR ST?

KAMARAJAR ST (Meenavar colony) is classified as Residential Class IV Type - I.

Where is the Walajabad Sub Registrar Office located?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For example, the total cost for a 1,000 sq.ft plot at the current guideline value would be Rs 67,500.