Guideline Value for KAMARAJAR ST

Kamarajar St guideline value

The current guideline value of Kamarajar St in Srikaligapuram village is Rs 150 per sq.ft, effective from 1 July 2024. This street falls under the Ramakrishna Rajupettai SRO and is classified as Residential Class I Type - I.

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 40 per sq.ft, which increased to Rs 75 per sq.ft in 2012. Following this, the value decreased by 33% to Rs 50 per sq.ft in 2017. The most significant change occurred between 2017 and 2023, where the value surged by 200% to Rs 150 per sq.ft. The register has no figure for the years 2002 and 2003.

From 2023 to 2024, there has been no change, with the guideline value remaining at Rs 150 per sq.ft. Overall, from 2007 to 2024, the guideline value has increased by 275%.

Guideline values in Srikaligapuram

In Srikaligapuram, there are 17 streets under the Ramakrishna Rajupettai SRO that carry a 2024 guideline value, all set at Rs 150 per sq.ft. The median value for these streets is also Rs 150 per sq.ft, which is equal to the guideline value of Kamarajar St.

• Kirubanantha Variyar St: Rs 150 per sq.ft (2024)
• Indra Nagar: Rs 150 per sq.ft (2024)
• Madam St: Rs 150 per sq.ft (2024)
• Gandehi St: Rs 150 per sq.ft (2024)
• Big Street: Rs 150 per sq.ft (2024)
• Nehru St: 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 150 per sq.ft, the total guideline value would be Rs 1,50,000. The stamp duty at 7% would amount to Rs 10,500, while the registration fee at 2% would be Rs 3,000, bringing the total fees together to Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamarajar St?

Kamarajar St is covered by 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 Srikaligapuram

The guideline value is a crucial factor during property transactions in Srikaligapuram. It serves as a reference point for determining the stamp duty and registration fees applicable when buying or selling property. The registration office uses this value to assess the fees, which are mandatory for the legal transfer of property ownership.

When a property is sold, the buyer and seller must ensure that the sale price is at least equal to the guideline value to avoid discrepancies during registration. The guideline value ensures a standard and fair assessment of 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 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 40 per sq.ft in 2007 to Rs 150 per sq.ft in 2024, marking a total increase of 275% over the years.

What are the stamp duty and registration fees for properties on Kamarajar St?

For a 1,000 sq.ft plot, the total guideline value is Rs 1,50,000, leading to a stamp duty of Rs 10,500 and a registration fee of Rs 3,000, totaling Rs 13,500.

Which office handles the registration for Kamarajar St?

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

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It ensures that the sale price is at least equal to the guideline value for proper registration.