Guideline Value for KAMARAJAR STREET

Kamarajar Street guideline value

The current guideline value of Kamarajar Street is Rs 1,250 per sq.ft as per the 2023 revision. This street is located in Kelambakkam village and falls under the Thiruporur Sub Registrar Office (SRO). The land classification for this area is Residential Class I Type - I.

How the guideline value of Kamarajar Street has changed

Over the years, the guideline value of Kamarajar Street has seen several revisions. In the 2007 revision, the value was set at Rs 400 per sq.ft. This increased significantly to Rs 1,250 per sq.ft in the 2012 revision, marking a rise of 213%. However, from 2012 to 2017, the value decreased to Rs 837 per sq.ft, a drop of 33%. The most recent revision in 2023 brought the value back up to Rs 1,250 per sq.ft, reflecting a 49% increase from 2017.

Overall, from 2007 to 2023, the guideline value has increased by 213%. The register has no figures for the years 2002, 2003, and 2024 for this street.

Guideline values in Kelambakkam

Currently, there are no specific village figures available for Kelambakkam. Kamarajar Street's guideline value is Rs 1,250 per sq.ft. Below are the other streets in Kelambakkam:

Stamp duty and registration fee for property in Kamarajar Street

For a 1,000 sq.ft plot at the current rate of Rs 1,250 per sq.ft, the guideline value amounts to Rs 12,50,000. The stamp duty at 7% would be Rs 87,500, and the registration fee at 2% would be Rs 25,000. Together, the total cost would be Rs 1,12,500. It is important to note that 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?

The Kamarajar Street falls under the jurisdiction of the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Kelambakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency and compliance with local regulations.

When you buy or sell property, the guideline value helps establish the applicable stamp duty and registration fees. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kamarajar Street?

The current guideline value of Kamarajar Street is Rs 1,250 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 400 per sq.ft in 2007 to Rs 1,250 per sq.ft in 2012, then decreased to Rs 837 per sq.ft in 2017, and returned to Rs 1,250 per sq.ft in 2023.

Is there a guideline value for Kamarajar Street in 2024?

The register has no figure for Kamarajar Street for the year 2024.

What is the land classification for Kamarajar Street?

The land classification for Kamarajar Street is Residential Class I Type - I.

Where is the Thiruporur Sub Registrar Office located?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.