Guideline Value for KAMARAJAR STREET 2ND CROSS

Kamarajar Street 2nd Cross guideline value

The current guideline value of Kamarajar Street 2nd Cross is Rs 1,625 per sq.ft, effective from 1 July 2024. This street is located in Vilingiyambakkam village and falls under the Avadi SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Kamarajar Street 2nd Cross has changed

Over the years, the guideline value of Kamarajar Street 2nd Cross has seen significant changes. The earliest recorded figure is from 2003, which was Rs 151 per sq.ft. Following this, the value increased to Rs 350 per sq.ft in 2007, marking a rise of 132%. The value then surged to Rs 1,500 per sq.ft in 2012, a remarkable increase of 329%. However, it dropped to Rs 1,005 per sq.ft in 2017, reflecting a decrease of 33%. The subsequent revision in 2023 set the value at Rs 1,500 per sq.ft, which then rose to Rs 1,625 per sq.ft in 2024, an increase of 8%.

It is noteworthy that there is no figure available for Kamarajar Street 2nd Cross in the 2002 revision. Overall, from 2003 to 2024, the guideline value has increased by 976%, showcasing a substantial rise in property valuation over the years.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO that have a 2024 guideline value ranging from Rs 800 to Rs 4,400 per sq.ft, with a median value of Rs 935 per sq.ft. The guideline value of Kamarajar Street 2nd Cross is above this median, indicating its relative position within the village.

• Kamarajar Street 1st Cross: Rs 1,625 per sq.ft (2024)
• Kamarajar Street: Rs 1,625 per sq.ft (2024)
• Kamaraj Nagar 1st Main Road: Rs 1,625 per sq.ft (2024)
• Kamarajar 7th Street: Rs 1,625 per sq.ft (2024)
• Kamarajar 6th Street: Rs 1,625 per sq.ft (2024)
• Kamarajar 5th Street: Rs 1,625 per sq.ft (2024)

Stamp duty and registration fee for property in Kamarajar Street 2nd Cross

For a 1,000 sq.ft plot at the current guideline value of Rs 1,625 per sq.ft, the total guideline value amounts to Rs 16,25,000. The stamp duty at 7% would be Rs 1,13,750, and the registration fee at 2% would be Rs 32,500, bringing the total cost for these fees to Rs 1,46,250. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Kamarajar Street 2nd Cross?

The Kamarajar Street 2nd Cross is covered by the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Vilingiyambakkam, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider this value when negotiating sale prices, as it affects the stamp duty and registration fees payable during the transaction.

When registering a property, the guideline value serves as a benchmark for assessing the transaction's legitimacy. It ensures that properties are not sold below a certain value, which helps maintain transparency and fairness in the real estate market.

Frequently asked questions

What is the current guideline value of Kamarajar Street 2nd Cross?

The current guideline value of Kamarajar Street 2nd Cross is Rs 1,625 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 151 per sq.ft in 2003 to Rs 1,625 per sq.ft in 2024, marking an overall increase of 976% over this period.

What are the other streets in Vilingiyambakkam with the same guideline value?

Other streets in Vilingiyambakkam with the same guideline value of Rs 1,625 per sq.ft include Kamarajar Street 1st Cross, Kamarajar Street, Kamaraj Nagar 1st Main Road, Kamarajar 7th Street, Kamarajar 6th Street, and Kamarajar 5th Street.

What is the stamp duty rate for properties in Kamarajar Street 2nd Cross?

The stamp duty rate for properties in Kamarajar Street 2nd Cross is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Kamarajar Street 2nd Cross?

The Sub Registrar Office covering Kamarajar Street 2nd Cross is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.