Guideline Value for KAMARAJAR STREET

Kamarajar Street guideline value

The current guideline value for Kamarajar Street in Ponneri_2 village, under the Ponneri SRO, is Rs 700 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - I land classification.

How the guideline value of Kamarajar Street has changed

The guideline value for Kamarajar Street has undergone several revisions over the years. The register does not contain figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 600 per sq.ft, which increased by 17% to Rs 700 per sq.ft in the 2024 revision.

Prior to the 2023 revision, there were no recorded figures for Kamarajar Street in the earlier revisions. The 2024 revision marks the first recorded guideline value for this street, aligning it with the median value of Rs 700 per sq.ft for other streets in Ponneri_2.

Guideline values in Ponneri_2

Ponneri_2 village has a total of 75 streets under the Ponneri SRO, with guideline values ranging from Rs 700 to Rs 1,300 per sq.ft. Kamarajar Street's 2024 guideline value of Rs 700 per sq.ft is equal to the median value of the village.

• Kamakotty Nagar: Rs 700 per sq.ft (2024)
• Kallukadai Medu: Rs 700 per sq.ft (2024)
• Kannaiah Nagar: Rs 700 per sq.ft (2024)
• Karhtick Nagar: Rs 700 per sq.ft (2024)
• Karikrishna Bhatacharya St: Rs 700 per sq.ft (2024)
• Jayammal Nagar: Rs 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 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total cost to Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kamarajar Street?

Kamarajar Street is covered by the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Ponneri_2

The guideline value is a critical factor when registering property transactions in Ponneri_2. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, helping to maintain transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value of Kamarajar Street?

The current guideline value of Kamarajar Street is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed recently?

Recently, the guideline value increased from Rs 600 per sq.ft in 2023 to Rs 700 per sq.ft in 2024, marking a 17% increase.

What is the land classification for Kamarajar Street?

Kamarajar Street is classified under Residential Class II Type - I.

What are the stamp duty and registration fees for property on Kamarajar Street?

For a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000 and the registration fee would be Rs 14,000, totaling Rs 63,000.

Where is the Sub Registrar Office for Kamarajar Street located?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.