Guideline Value for KAMMALA STREET

Kammala Street guideline value

The current guideline value of Kammala Street is Rs 150 per sq.ft, effective from 1 July 2024. This street is located in Salavakkam village, under the Salavakkam SRO, and is classified as Residential Class I Type - III.

How the guideline value of Kammala Street has changed

The guideline value for Kammala Street has undergone several revisions over the years. In 2007, the value was Rs 50 per sq.ft, which increased to Rs 150 per sq.ft in 2012, marking a significant rise of 200%. However, in 2017, the value dropped to Rs 100 per sq.ft, a decrease of 33%. The most recent revisions in 2023 and 2024 have maintained the guideline value at Rs 150 per sq.ft, indicating no change from the previous year.

It is important to note that the register does not have figures for Kammala Street for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 200%.

Guideline values in Salavakkam

In Salavakkam, there are 38 streets under the Salavakkam SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 250 per sq.ft. The median guideline value for these streets is Rs 150 per sq.ft, which is equal to the current value for Kammala Street.

• Karuneegar Street: Rs 150 per sq.ft (2024)
• Jai Nagar: Rs 126 per sq.ft (2024)
• Indira Nagar: Rs 175 per sq.ft (2024)
• Inamthar Street: Rs 126 per sq.ft (2024)
• Maniyakara Street @ Munichief Street: Rs 126 per sq.ft (2024)
• Mariyamman Koil Street: Rs 126 per sq.ft (2024)

Stamp duty and registration fee for property in Kammala Street

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, and the registration fee at 2% would be Rs 3,000, bringing the total to Rs 13,500. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kammala Street?

Kammala Street falls under the jurisdiction of the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Salavakkam. It serves as a reference point for determining the stamp duty and registration fees applicable to the transaction.

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 all transactions are aligned with the current market standards set by the Registration Department.

Frequently asked questions

What is the current guideline value of Kammala Street?

The current guideline value of Kammala Street is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 50 per sq.ft in 2007 to Rs 150 per sq.ft in 2012, then decreased to Rs 100 per sq.ft in 2017, and has remained at Rs 150 per sq.ft in both 2023 and 2024.

What is the land classification for Kammala Street?

Kammala Street is classified as Residential Class I Type - III, indicating its designation for residential purposes.

What are the stamp duty and registration fees for properties in Kammala Street?

For a property valued at Rs 1,50,000, the stamp duty would be Rs 10,500, and the registration fee would be Rs 3,000, totaling Rs 13,500.

Where is the Sub Registrar Office for Kammala Street located?

The Sub Registrar Office covering Kammala Street is located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone.