Guideline Value for KAMARAJAR STREET

Kamarajar Street guideline value

The current guideline value of Kamarajar Street in Navaloor village, under the Thiruporur SRO, is Rs 1,400 per sq.ft as per the 2023 revision. This area is classified as Residential Class II Type - I.

How the guideline value of Kamarajar Street has changed

The guideline value for Kamarajar Street has experienced several revisions over the years. In 2007, the value was Rs 475 per sq.ft, which increased to Rs 1,000 per sq.ft in 2012, marking a rise of 111%. However, from 2012 to 2017, the value decreased to Rs 670 per sq.ft, a drop of 33%. The most significant change occurred between 2017 and 2023, where the guideline value rose to Rs 1,400 per sq.ft, reflecting an increase of 109%. Overall, from 2007 to 2023, the guideline value has increased by 195%.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for Kamarajar Street.

Guideline values in Navaloor

Currently, the only guideline value available for Kamarajar Street is Rs 1,400 per sq.ft. There are no other streets in Navaloor provided in the available data.

Stamp duty and registration fee for property in Kamarajar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,400 per sq.ft, the total guideline value amounts to Rs 14,00,000. The stamp duty, charged at 7%, would be Rs 98,000, and the registration fee at 2% would be Rs 28,000. Together, the total cost for stamp duty and registration fee would be Rs 1,26,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kamarajar Street?

Kamarajar Street is covered by the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Navaloor. It is used to determine the stamp duty and registration fees that are applicable when buying or selling property. Buyers and sellers must consider the guideline value to ensure they comply with the legal requirements during the registration process.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the 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 1,400 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 475 per sq.ft in 2007 to Rs 1,400 per sq.ft in 2023, reflecting a total increase of 195% over the years.

What is the registration office for Kamarajar Street?

The registration office covering Kamarajar Street is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110.

How is stamp duty calculated for properties in Kamarajar Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 14,00,000, the stamp duty would be Rs 98,000 based on the current guideline value.

Are there any revisions with no figures for Kamarajar Street?

Yes, there are no figures available for the revisions in 2002, 2003, and 2024 for Kamarajar Street.