Guideline Value for KAMARAJAR ST

Kamarajar St guideline value

The current guideline value of Kamarajar St in Ammayarkuppam village, under the Ramakrishna Rajupettai SRO, is Rs 260 per sq.ft, effective from 1 July 2024. This street falls under the Commercial Class I Type - II land classification.

How the guideline value of Kamarajar St has changed

The guideline value for Kamarajar St has undergone several revisions over the years. In 2007, the value was Rs 150 per sq.ft, which increased to Rs 260 per sq.ft in 2012. However, this figure dropped to Rs 174 per sq.ft in 2017, before rising again to Rs 260 per sq.ft in both the 2023 and 2024 revisions. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

From 2017 to 2023, the guideline value increased by 49%, and from 2012 to 2017, it decreased by 33%. The overall change from 2007 to 2024 reflects a 73% increase, with the current value remaining stable at Rs 260 per sq.ft since 2023.

Guideline values in Ammayarkuppam

Ammayarkuppam has 43 streets under the Ramakrishna Rajupettai SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 260 per sq.ft. The median value is Rs 260 per sq.ft, placing Kamarajar St at this median value.

• Kamarajar Harijana Colony: Rs 150 per sq.ft (2024)
• Kamatchiamman Koil st: Rs 260 per sq.ft (2024)
• Kannagi Street: Rs 260 per sq.ft (2024)
• Kanniamman Koil St: Rs 150 per sq.ft (2024)
• Koil Street: Rs 260 per sq.ft (2024)
• K.P.N. Kandigai Arunthathi Colony: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Kamarajar St

For a 1,000 sq.ft plot at the current guideline value of Rs 260 per sq.ft, the total guideline value amounts to Rs 2,60,000. The stamp duty at 7% would be Rs 18,200, and the registration fee at 2% would be Rs 5,200, bringing the total charges to Rs 23,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamarajar St?

The Sub Registrar Office that covers Kamarajar St is the Ramakrishna Rajupettai Sub Registrar Office, located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Ammayarkuppam. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the transaction is recorded at a fair value as determined by the local authorities.

When a property is sold, the buyer must pay the applicable stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Kamarajar St?

The current guideline value of Kamarajar St is Rs 260 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has fluctuated, with the most recent figures being Rs 260 per sq.ft in both 2023 and 2024, while it was Rs 174 per sq.ft in 2017 and Rs 150 per sq.ft in 2007.

What is the land classification for Kamarajar St?

Kamarajar St is classified as Commercial Class I Type - II under the local land classification system.

Where can I find the Sub Registrar Office for Kamarajar St?

The Sub Registrar Office for Kamarajar St is the Ramakrishna Rajupettai Sub Registrar Office, located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone.

How is the stamp duty calculated for properties in Kamarajar St?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 2,60,000, the stamp duty would be Rs 18,200 at 7%.