Guideline Value for KAMARAJAR STREET

Kamarajar Street guideline value

The current guideline value of Kamarajar Street is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in KANCHIPURAM TOWN 3rd DIVISION under the Kanchipuram Joint II SRO, classified as Residential Special Type - I.

How the guideline value of Kamarajar Street has changed

The guideline value for Kamarajar Street has seen several revisions over the years. Starting from Rs 901 per sq.ft in 2003, it increased to Rs 1,000 per sq.ft in 2007, marking a rise of 11%. The value then surged by 400% to Rs 5,000 per sq.ft in 2012. However, it decreased by 33% to Rs 3,350 per sq.ft in 2017. The value continued to rise, reaching Rs 5,000 per sq.ft in 2023, and then increased by 10% to the current value of Rs 5,500 per sq.ft in 2024.

Notably, there is no figure available for the year 2002 in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by 510%.

Guideline values in KANCHIPURAM TOWN 3rd DIVISION

In KANCHIPURAM TOWN 3rd DIVISION, there are 48 streets under the Kanchipuram Joint II SRO that have a guideline value for 2024, ranging from Rs 880 to Rs 5,500 per sq.ft. The median value for these streets is Rs 1,320 per sq.ft, placing Kamarajar Street's 2024 figure above this median.

• Kanikandeeswarar Koil Street: Rs 1,650 per sq.ft (2024)
• Kajana Ramarayar Street: Rs 1,650 per sq.ft (2024)
• Kailasanathar Mettu Street: Rs 880 per sq.ft (2024)
• Kanni Koil Stret: Rs 1,100 per sq.ft (2024)
• Karukkinil Ammarnthaval Koil Street: Rs 1,650 per sq.ft (2024)
• Katchabeswarar Merkku Mada Veethi: Rs 2,200 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 5,500 per sq.ft, the total guideline value would be Rs 55,00,000. The stamp duty at 7% would amount to Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total to Rs 4,95,000. Please 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 details.

Which Sub Registrar Office covers Kamarajar Street?

The Sub Registrar Office that covers Kamarajar Street is the Kanchipuram Joint II Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in KANCHIPURAM TOWN 3rd DIVISION

The guideline value is an essential figure used during property registration in KANCHIPURAM TOWN 3rd DIVISION. It determines the minimum value at which a property must be registered and is used to calculate applicable stamp duty and registration fees.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, reflecting the market conditions as determined by the local authorities. This value is crucial for both buyers and sellers to understand their financial obligations 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 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 901 per sq.ft in 2003 to Rs 5,500 per sq.ft in 2024, reflecting an overall increase of 510% over this period.

What is the land classification for Kamarajar Street?

Kamarajar Street is classified as Residential Special Type - I under the Kanchipuram Joint II SRO.

Where is the Kanchipuram Joint II Sub Registrar Office located?

The Kanchipuram Joint II Sub Registrar Office is located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

How is the stamp duty calculated on Kamarajar Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 55,00,000, the stamp duty would be Rs 3,85,000.