Guideline Value for KAMARAJAR STREET (WARD -9)

Kamarajar Street (Ward -9) guideline value

The current guideline value of Kamarajar Street (Ward -9) is Rs 551 per sq.ft, effective from 1 July 2024. This street is located in Kadampur village and falls under the Chengleput Joint II SRO with a land classification of Residential Class I Type - I.

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 decreased to Rs 335 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 500 per sq.ft in 2023, and then to Rs 551 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kadampur

Kadampur village has 44 streets under the Chengleput Joint II SRO, with 2024 guideline values ranging from Rs 385 to Rs 2,200 per sq.ft. The median guideline value is Rs 551 per sq.ft, which matches the current value of Kamarajar Street (Ward -9).

• Kalivanthapattu Main Road (Ward -9): Rs 551 per sq.ft (2024)
• Kalivanthapattu Kadambur Main Road (Ward -9): Rs 551 per sq.ft (2024)
• Kadambur Main (Ward -9): Rs 551 per sq.ft (2024)
• Ind. Area Coodalur Village (Ward -9): Rs 1,100 per sq.ft (2024)
• Hallmark Apts Coodalur Village (Ward -9): Rs 2,200 per sq.ft (2024)
• Golden County (Ward -9): Rs 1,100 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate of Rs 551 per sq.ft, the guideline value amounts to Rs 5,51,000. The stamp duty at 7% would be Rs 38,570, and the registration fee at 2% would be Rs 11,020, bringing the total fees to Rs 49,590. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

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

The Chengleput Joint II Sub Registrar Office covers Kamarajar Street (Ward -9). The office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration process of property transactions in Kadampur. It serves as a benchmark for determining the minimum value at which the property can be registered.

When buying or selling property, the guideline value ensures that the transaction is recorded at a value that reflects the prevailing rates, thereby aiding in the collection of appropriate stamp duty and registration fees.

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 551 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 to Rs 500 per sq.ft in 2023, and finally to Rs 551 per sq.ft in 2024.

What is the registration fee for property in Kamarajar Street (Ward -9)?

The registration fee is calculated at 2% of the guideline value. For a property valued at Rs 5,51,000, the registration fee would be Rs 11,020.

Where is the Sub Registrar Office for Kamarajar Street (Ward -9)?

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

What is the land classification for Kamarajar Street (Ward -9)?

Kamarajar Street (Ward -9) is classified as Residential Class I Type - I, indicating its suitability for residential purposes.