Guideline Value for KAMMALA STREET

Kammala Street guideline value

The current guideline value of Kammala Street is Rs 750 per sq.ft, effective from 1 July 2024. This street is located in Walajabad village, under the Walajabad SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Kammala Street has changed

The guideline value for Kammala Street has seen several revisions over the years. In the 2007 revision, the value was Rs 60 per sq.ft, which increased significantly to Rs 750 per sq.ft in the 2012 revision. However, it then decreased to Rs 502 per sq.ft in 2017. The 2023 revision maintained the value at Rs 750 per sq.ft, which remained unchanged in the 2024 revision, indicating a 0% change from the previous year.

Notably, there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 1150%.

Guideline values in Walajabad

In Walajabad, there are 196 streets under the Walajabad SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 2,000 per sq.ft. The median value is Rs 750 per sq.ft, which is equal to the current guideline value of Kammala Street.

• Kancheepuram Salai: Rs 1,500 per sq.ft (2024)
• KAMARAJAR ST (Meenavar colony): Rs 750 per sq.ft (2024)
• Kannigapuram Second Cross Street: Rs 750 per sq.ft (2024)
• Kaliyamman Kovil St: Rs 750 per sq.ft (2024)
• Karuppan Kovil Street: Rs 750 per sq.ft (2024)
• Kasukkara Street: Rs 750 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 750 per sq.ft, the total guideline value amounts to Rs 7,50,000. The stamp duty is calculated at 7%, which equals Rs 52,500, while the registration fee at 2% is Rs 15,000. Together, the total cost for stamp duty and registration fee amounts to Rs 67,500. It is important to note that the 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 details.

Which Sub Registrar Office covers Kammala Street?

Kammala Street is covered by the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when it comes to property transactions in Walajabad. It serves as the basis for calculating stamp duty and registration fees during the registration process. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value is compared to the sale price. The higher of the two values is used to determine the applicable stamp duty and registration fees, ensuring that the government receives the correct amount based on the property's worth.

Frequently asked questions

What is the current guideline value of Kammala Street?

The current guideline value of Kammala Street is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 60 per sq.ft in 2007 to Rs 750 per sq.ft in 2012, decreased to Rs 502 per sq.ft in 2017, and then remained at Rs 750 per sq.ft in both 2023 and 2024.

What is the land classification for Kammala Street?

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

Where can I find the Walajabad Sub Registrar Office?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

How is stamp duty calculated for properties in Kammala 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 7,50,000, the stamp duty would be Rs 52,500 at a rate of 7%.