Guideline Value for KAMARAJAR STREET WARD-2

Kamarajar Street Ward-2 guideline value

The current guideline value of Kamarajar Street Ward-2 is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Chengalpattu Natham village, under the Chengleput Joint II SRO, and falls under the Residential Class I Type - I land classification.

How the guideline value of Kamarajar Street Ward-2 has changed

Looking at the revisions over the years, the guideline value for Kamarajar Street Ward-2 has seen several changes. The 2012 revision set the value at Rs 1,500 per sq.ft, which remained the same until the 2017 revision when it dropped to Rs 1,005 per sq.ft, marking a decrease of 33%. The value then increased significantly to Rs 1,500 per sq.ft in the 2023 revision and further rose to Rs 1,650 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, comparing the 2012 figure to the current 2024 figure, the guideline value has increased by 10%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Chengalpattu Natham

In Chengalpattu Natham, there are 88 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, indicating that Kamarajar Street Ward-2's 2024 figure is below this median.

• Kalathumettu Street: Rs 1,100 per sq.ft (2024)
• Kancheepuram High Road: Rs 2,750 per sq.ft (2024)
• Kalaivanar N.S.K(Kavarai Street): Rs 2,200 per sq.ft (2024)
• Kalainagar Karunathi Street: Rs 1,100 per sq.ft (2024)
• Kailasanathar Kovil Street: Rs 2,200 per sq.ft (2024)
• Karimedu: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Kamarajar Street Ward-2

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, leading to a total of Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kamarajar Street Ward-2?

The Sub Registrar Office that covers Kamarajar Street Ward-2 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 Chengalpattu Natham

The guideline value plays a crucial role in the registration process when buying or selling property in Chengalpattu Natham. It serves as a benchmark for determining the minimum price at which property transactions can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When a property is sold, the buyer and seller must consider the guideline value to calculate the applicable fees. This value helps in maintaining transparency and fairness in property transactions, as it reflects the official valuation set by the Registration Department.

Frequently asked questions

What is the current guideline value of Kamarajar Street Ward-2?

The current guideline value of Kamarajar Street Ward-2 is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then back to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What are the other streets in Chengalpattu Natham?

Other streets in Chengalpattu Natham include Kalathumettu Street, Kancheepuram High Road, Kalaivanar N.S.K(Kavarai Street), Kalainagar Karunathi Street, Kailasanathar Kovil Street, and Karimedu, each with their respective guideline values.

What is the registration fee for property transactions?

The registration fee is calculated based on the guideline value of the property. For example, for a property valued at Rs 16,50,000, the registration fee at 2% would be Rs 33,000.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more details by using the provided link to find your SRO.