Guideline Value for KAMARAJAR STREET (WARD-21)

Kamarajar Street (Ward-21) guideline value

The current guideline value of Kamarajar Street (Ward-21) is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Potheri village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Kamarajar Street (Ward-21) has changed

The guideline value for Kamarajar Street (Ward-21) has undergone several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which then decreased to Rs 402 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 600 per sq.ft in the 2023 revision, and further rose to Rs 660 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

In summary, the changes in guideline value from 2017 to 2023 saw a 49% increase, while the value from 2012 to 2017 experienced a decrease of 33%. 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 Potheri

Potheri village has a total of 129 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,970 per sq.ft. The median guideline value in this village is Rs 770 per sq.ft, making Kamarajar Street's 2024 figure below that median.

• Kamatchi Nagar (Val): Rs 880 per sq.ft (2024)
• Kambar Street (Ward-20): Rs 1,100 per sq.ft (2024)
• Kambar Street (Ward-21): Rs 660 per sq.ft (2024)
• Kalaivani Nagar Main Road (Ward -1): Rs 770 per sq.ft (2024)
• Kalaimagal Street (Ward-21): Rs 660 per sq.ft (2024)
• Kalaignar Karunanithi Street (Ward-20): Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Kamarajar Street (Ward-21)

For a 1,000 sq.ft plot at the current rate of Rs 660 per sq.ft, the guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, making the total Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kamarajar Street (Ward-21)?

Kamarajar Street (Ward-21) 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 Potheri

The guideline value plays a crucial role during the registration of property transactions in Potheri. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kamarajar Street (Ward-21)?

The current guideline value of Kamarajar Street (Ward-21) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 660 per sq.ft in 2024, showing an overall increase of 10% from 2012 to 2024.

What are the other streets in Potheri with their guideline values?

Other streets in Potheri include Kamatchi Nagar (Val) at Rs 880 per sq.ft, Kambar Street (Ward-20) at Rs 1,100 per sq.ft, and Kalaivani Nagar Main Road (Ward -1) at Rs 770 per sq.ft, among others.

Where is the Sub Registrar Office for Kamarajar Street (Ward-21)?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles registrations for Kamarajar Street (Ward-21).

How is the stamp duty calculated for properties in Kamarajar Street (Ward-21)?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 6,60,000, the stamp duty at 7% would be Rs 46,200.