Guideline Value for KAMARAJAR STREET

Kamarajar Street guideline value

The current guideline value of Kamarajar Street in Tiruttani village is Rs 990 per sq.ft, effective from 1 July 2024. This street falls under the Thiruttani SRO and is classified as Commercial Class I Type - II.

How the guideline value of Kamarajar Street has changed

The guideline value for Kamarajar Street has seen several revisions over the years. The earliest recorded figure is from 2017, which was Rs 603 per sq.ft. This increased to Rs 900 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the guideline value at Rs 990 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that there are no recorded figures for Kamarajar Street in the revisions from 2002, 2003, 2007, and 2012.

Guideline values in Tiruttani

In Tiruttani, there are 160 streets under the Thiruttani SRO that carry a 2024 guideline value, ranging from Rs 548 to Rs 1,540 per sq.ft, with a median value of Rs 825 per sq.ft. Kamarajar Street's 2024 figure of Rs 990 per sq.ft is above this median.

• Kamarajar Nagar: Rs 825 per sq.ft (2024)
• Kandan Nagar: Rs 1,099 per sq.ft (2024)
• Kandappan Naicken Street: Rs 988 per sq.ft (2024)
• Kandaswamy Street: Rs 1,100 per sq.ft (2024)
• Kadappa Trunk Road 9th Lane: Rs 990 per sq.ft (2024)
• Kadappa Trunk Road 8th Lane: Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Kamarajar Street

For a 1,000 sq.ft plot at the current rate of Rs 990 per sq.ft, the guideline value would be Rs 9,90,000. The stamp duty at 7% would amount to Rs 69,300, while the registration fee at 2% would be Rs 19,800. Together, the total cost would be Rs 89,100. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kamarajar Street?

Kamarajar Street is covered by the Thiruttani Sub Registrar Office, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Tiruttani. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both buyers and sellers understand the market value of the property. It is essential for both parties to be aware of the guideline value to avoid disputes during the registration process.

Frequently asked questions

What is the current guideline value of Kamarajar Street?

The current guideline value of Kamarajar Street is Rs 990 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased by 64%, from Rs 603 per sq.ft to the current Rs 990 per sq.ft in 2024.

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

For a property valued at Rs 9,90,000, the stamp duty would be Rs 69,300 and the registration fee would be Rs 19,800, totaling Rs 89,100.

Which office handles the registration for Kamarajar Street?

The Thiruttani Sub Registrar Office handles the registration for Kamarajar Street, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209.

What is the land classification of Kamarajar Street?

Kamarajar Street is classified as Commercial Class I Type - II, indicating its suitability for commercial activities.