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 Thailavaram village, under the Chengleput Joint II SRO, classified as 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 earliest available figure is from 2012, where the guideline value was Rs 600 per sq.ft. In 2017, it decreased to Rs 402 per sq.ft, marking a decline of 33%. The value then increased significantly to Rs 600 per sq.ft in 2023, followed by a further increase to Rs 660 per sq.ft in 2024, reflecting a 10% rise from the previous year.

Between 2012 and 2024, the overall change in guideline value is an increase of 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thailavaram

In Thailavaram, there are 132 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 770 per sq.ft, placing Kamarajar Street (Ward-21) below this median.

• Kamatchi Nagar (Val): Rs 881 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 guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty, calculated at 7%, would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, leading to a total of Rs 59,400. It is important to note that 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 detailed calculations.

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

The Sub Registrar Office that covers Kamarajar Street (Ward-21) is 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 Thailavaram

The guideline value plays a crucial role during the registration process when buying or selling property in Thailavaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid. Buyers and sellers should be aware that the guideline value is used to calculate these fees, ensuring compliance with local regulations.

When a property is sold, the guideline value helps in establishing a fair transaction price for the property, as it reflects the current market conditions set by the Registration Department. It is essential for both parties to understand this value to avoid any discrepancies during the registration process.

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, with various revisions in between, including a decrease in 2017 and increases in 2023 and 2024.

What is the land classification of Kamarajar Street (Ward-21)?

Kamarajar Street (Ward-21) is classified as Residential Class II Type - I, indicating its designation for residential purposes.

What are the stamp duty and registration fees for property in Kamarajar Street (Ward-21)?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty is Rs 46,200 and the registration fee is Rs 13,200, totaling Rs 59,400.

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

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