Guideline Value for KAMARAJAR STREET

Kamarajar Street guideline value

The current guideline value of Kamarajar Street, located in Athipattu village under the Thiruvottiyur SRO, is Rs 330 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - I land classification.

How the guideline value of Kamarajar Street has changed

The guideline value for Kamarajar Street has seen significant changes over the years. The 2017 revision set the value at Rs 201 per sq.ft, which increased to Rs 300 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 has further increased this value by 10%, bringing it to Rs 330 per sq.ft.

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

Guideline values in Athipattu

Athipattu village has a total of 108 streets under the Thiruvottiyur SRO, with guideline values ranging from Rs 220 to Rs 462 per sq.ft as of the 2024 revision. The median value for these streets is Rs 330 per sq.ft, which is equal to the guideline value of Kamarajar Street.

• Kamaraj Palayam: Rs 330 per sq.ft (2024)
• Kamatchi Nagar: Rs 330 per sq.ft (2024)
• Kamban Nagar: Rs 330 per sq.ft (2024)
• Kali Varadhan Nagar: Rs 330 per sq.ft (2024)
• Jublee Model Township: Rs 330 per sq.ft (2024)
• Kannya Puram: Rs 330 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, the guideline value amounts to Rs 3,30,000. The stamp duty at 7% is Rs 23,100, and the registration fee at 2% is Rs 6,600, bringing the total fees to Rs 29,700. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kamarajar Street?

Kamarajar Street is covered by the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Athipattu. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared to the sale price. The higher of the two values is used to calculate the stamp duty and registration fees, ensuring that the transaction adheres to the legal requirements set by the Registration Department.

Frequently asked questions

What is the current guideline value of Kamarajar Street?

The current guideline value of Kamarajar Street is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 201 per sq.ft in 2017 to Rs 330 per sq.ft in 2024. This reflects an overall increase of 64% over the years.

What is the median guideline value in Athipattu?

The median guideline value in Athipattu is Rs 330 per sq.ft, which is also the current value for Kamarajar Street.

What are the stamp duty rates applicable in Kamarajar Street?

The stamp duty rate for properties in Kamarajar Street is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Which office handles property registrations for Kamarajar Street?

The Thiruvottiyur Sub Registrar Office handles property registrations for Kamarajar Street, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.