Guideline Value for KAMARAJAR STREET

Kamarajar Street guideline value

The current guideline value of Kamarajar Street in Sholinganallur - 1 village is Rs 2,800 per sq.ft, effective from 1 July 2024. This street falls under the Neelankarai SRO and is classified as Residential Class II Type - II.

How the guideline value of Kamarajar Street has changed

According to the guideline value register, there are no figures available for Kamarajar Street for the years 2023, 2017, 2012, 2007, 2003, and 2002. The most recent revision in 2024 set the guideline value at Rs 2,800 per sq.ft.

There have been no changes between the revisions above, and the only available figure is from the 2024 revision.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO that have a 2024 guideline value ranging from Rs 1,000 to Rs 8,800 per sq.ft, with a median value of Rs 2,200 per sq.ft. Kamarajar Street's 2024 figure is above this median.

• Kamarajar Cross Street: Rs 2,800 per sq.ft (2024)
• Kamala Nagar Main Road: Rs 4,400 per sq.ft (2024)
• Kamala Nagar Cross Street: Rs 4,400 per sq.ft (2024)
• Kalakkuttai Medu Street: Rs 1,700 per sq.ft (2024)
• Kalakkuttai Medu 1st Cross Street: Rs 1,700 per sq.ft (2024)
• Kalakkuttai Main Road Extension: Rs 1,700 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 2,800 per sq.ft, the total guideline value would be Rs 28,00,000. The stamp duty at 7% would amount to Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, bringing the total to Rs 2,52,000. Duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Kamarajar Street?

Kamarajar Street is covered by the Neelankarai Sub Registrar Office located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

You can find your SRO for more details.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value plays a crucial role in the registration process when buying or selling property in Sholinganallur - 1. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the official valuation of the property.

When a property is sold, the guideline value is considered alongside the sale price, with the higher amount being used to determine the applicable duties. This ensures that the transaction is registered at a value that reflects the official assessment of the property.

Frequently asked questions

What is the current guideline value of Kamarajar Street?

The current guideline value of Kamarajar Street is Rs 2,800 per sq.ft, effective from 1 July 2024.

What is the land classification for Kamarajar Street?

Kamarajar Street is classified as Residential Class II Type - II.

What are the other streets in Sholinganallur - 1 with their guideline values?

Other streets in Sholinganallur - 1 include Kamarajar Cross Street at Rs 2,800 per sq.ft, Kamala Nagar Main Road and Kamala Nagar Cross Street at Rs 4,400 per sq.ft, and several others at Rs 1,700 per sq.ft.

How is stamp duty calculated for properties in Kamarajar Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property with a guideline value of Rs 28,00,000, the stamp duty would be Rs 1,96,000.

Where is the Neelankarai Sub Registrar Office located?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.