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Guideline Value

Corporate

Guideline Value for KAMARAJAR STREET (WARD -9)

₹550/sq.ft.

The guideline value for Kamarajar Street (ward -9) in Goodaloor village (Chengleput Joint Ii SRO, Chengalpattu zone) is Rs 550 per sq.ft, effective 1 July 2024. It was Rs 500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Goodaloor

Village

Chengleput Joint II

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹550 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

10, Kancheepuram Main Road, Chengalpattu 603 002.
044-27422003
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Kamarajar Street (ward -9)

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Kamarajar Street (Ward -9) guideline value

The current guideline value of Kamarajar Street (Ward -9) is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Goodaloor village and falls under the Chengleput Joint II SRO, with a land classification of Residential Class I Type - III.

How the guideline value of Kamarajar Street (Ward -9) has changed

The guideline value for Kamarajar Street has seen several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which was followed by a decrease to Rs 335 per sq.ft in the 2017 revision. Subsequently, the value increased to Rs 500 per sq.ft in the 2023 revision, and the latest revision in 2024 raised it to Rs 550 per sq.ft, marking a 10% increase from the previous year.

From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by 10%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Goodaloor

Goodaloor village has a total of 53 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 385 to Rs 2,510 per sq.ft. The median guideline value in this village is Rs 660 per sq.ft, making Kamarajar Street's 2024 figure of Rs 550 per sq.ft below the median.

Stamp duty and registration fee for property in Kamarajar Street (Ward -9)

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total fees together to Rs 49,500. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kamarajar Street (Ward -9)?

Kamarajar Street (Ward -9) is covered by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 Goodaloor

The guideline value plays a crucial role during the registration process when buying or selling property in Goodaloor. It is used to determine the stamp duty and registration fees that are applicable, ensuring that the transaction is compliant with local regulations.

When a property is sold, the guideline value is often referenced to ensure that the sale price is in line with the established values in the area. This helps in maintaining transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Kamarajar Street (Ward -9)?

The current guideline value of Kamarajar Street (Ward -9) is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then increased to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

What is the land classification for Kamarajar Street?

Kamarajar Street is classified as Residential Class I Type - III, indicating its intended use for residential purposes.

Where can I find the Chengleput Joint II SRO?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the stamp duty calculated for property in Kamarajar Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 5,50,000, the stamp duty at 7% would be Rs 38,500.