Guideline Value for KAMARAJPURAM

Kamarajpuram guideline value

The current guideline value of Kamarajpuram, located in Kadappakkam village under the Thiruvottiyur SRO, is Rs 1,002 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - II.

How the guideline value of Kamarajpuram has changed

The guideline value for Kamarajpuram has undergone several revisions over the years. Starting from Rs 20 per sq.ft in 2002, it increased to Rs 22 per sq.ft in 2003. The value saw a significant jump to Rs 100 per sq.ft in 2007, followed by a rise to Rs 600 per sq.ft in 2012. However, it then decreased to Rs 402 per sq.ft in 2017. The most recent revisions show an increase to Rs 1,000 per sq.ft in 2023, and the current value is Rs 1,002 per sq.ft as of 2024.

Between the revisions, the most notable changes include a 500% increase from 2007 to 2012 and a 149% increase from 2017 to 2023. The overall change from 2002 to 2024 reflects an increase of 4,910% in the guideline value.

Guideline values in Kadappakkam

Kadappakkam village has 17 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,001 to Rs 1,200 per sq.ft, with Kamarajpuram's value being equal to the median of Rs 1,002 per sq.ft. The following are the guideline values for other streets in Kadappakkam:

• Kanniyamman Pettai: Rs 1,002 per sq.ft (2024)
• K.G.L. Nagar: Rs 1,002 per sq.ft (2024)
• Harijan Colony: Rs 1,001 per sq.ft (2024)
• Madras Redhills Road: Rs 1,002 per sq.ft (2024)
• Manali New Town (T N H B & C M D A): Rs 1,100 per sq.ft (2024)
• Muthu Complex: Rs 1,002 per sq.ft (2024)

Stamp duty and registration fee for property in Kamarajpuram

For a 1,000 sq.ft plot at the current guideline value of Rs 1,002 per sq.ft, the total guideline value amounts to Rs 10,02,000. The stamp duty at 7% would be Rs 70,140, and the registration fee at 2% would be Rs 20,040, resulting in a total cost of Rs 90,180. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamarajpuram?

The Kamarajpuram area falls under the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Kadappakkam. It serves as a benchmark for determining the minimum price at which a property can be sold or purchased, ensuring that the registration reflects a fair value.

When you proceed with a property transaction, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership. It is essential to be aware of the current guideline value to understand the financial implications of your transaction.

Frequently asked questions

What is the current guideline value of Kamarajpuram?

The current guideline value of Kamarajpuram is Rs 1,002 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 20 per sq.ft in 2002 to Rs 1,002 per sq.ft in 2024, reflecting an overall increase of 4,910% over the years.

What are the stamp duty and registration fees for a property in Kamarajpuram?

For a property valued at Rs 10,02,000, the stamp duty would be Rs 70,140 and the registration fee would be Rs 20,040, totaling Rs 90,180.

Which office handles property registrations in Kamarajpuram?

The Thiruvottiyur Sub Registrar Office handles property registrations for Kamarajpuram, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum selling price of a property and is essential for calculating stamp duty and registration fees during property transactions.