Guideline Value for KAMARAJAR STREET

Kamarajar Street guideline value

The current guideline value of Kamarajar Street in Vilingiyambakkam village is Rs 1,625 per sq.ft, effective from 1 July 2024. This street falls under the Avadi SRO and is classified as Residential Special Type - II.

How the guideline value of Kamarajar Street has changed

The guideline value for Kamarajar Street has undergone several revisions over the years. In 2003, the value was Rs 151 per sq.ft, which increased significantly to Rs 350 per sq.ft in 2007. The 2012 revision saw the value rise to Rs 1,500 per sq.ft, but it then dropped to Rs 1,005 per sq.ft in 2017. The 2023 revision brought the value back up to Rs 1,500 per sq.ft, and the latest revision in 2024 has set the value at Rs 1,625 per sq.ft. The register has no figure for the year 2002 for this street.

Notably, the changes between revisions show a substantial increase overall. From 2003 to 2024, the guideline value has increased by 976%. The most significant jump occurred between 2007 and 2012, with a rise of 329%, while the increase from 2023 to 2024 is 8%.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 4,400 per sq.ft. The median value for these streets is Rs 935 per sq.ft, placing Kamarajar Street's 2024 figure above that median.

• Kamarajar Street 1st Cross: Rs 1,625 per sq.ft (2024)
• Kamarajar Street 2nd Cross: 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)
• Kamarajar 4th Street: Rs 1,625 per sq.ft (2024)

Stamp duty and registration fee for property in Kamarajar Street

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, charged at 7%, would be Rs 1,13,750, and the registration fee at 2% would be Rs 32,500, totaling Rs 1,46,250. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kamarajar Street?

Kamarajar Street 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 plays a crucial role in the registration process of property transactions in Vilingiyambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When you register a property, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable fees. This ensures that the registration process is aligned with the prevailing market conditions and maintains transparency in property transactions.

Frequently asked questions

What is the current guideline value of Kamarajar Street?

The current guideline value of Kamarajar Street 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 from Rs 151 per sq.ft in 2003 to Rs 1,625 per sq.ft in 2024, reflecting an overall increase of 976% over the years.

What is the land classification for Kamarajar Street?

Kamarajar Street is classified as Residential Special Type - II, indicating its suitability for residential development.

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

The Avadi Sub Registrar Office covers Kamarajar Street, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is stamp duty calculated for properties in Vilingiyambakkam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 16,25,000 would incur a stamp duty of Rs 1,13,750 at 7%.