Guideline Value for KajaMohideen Street

KajaMohideen Street guideline value

The current guideline value of KajaMohideen Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Egmore village and falls under the Periamet SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of KajaMohideen Street has changed

The guideline value for KajaMohideen Street has seen several revisions over the years. In 2002, the value was Rs 508 per sq.ft, which increased to Rs 560 per sq.ft in 2003, marking a 10% rise. The value then jumped significantly to Rs 1,200 per sq.ft in 2007, reflecting a 114% increase. Following this, the value rose to Rs 3,600 per sq.ft in 2012, which was a 200% increase from the previous revision. However, there was a decrease to Rs 2,412 per sq.ft in 2017, showing a decline of 33%.

In 2023, the guideline value increased to Rs 3,600 per sq.ft, and the most recent revision in 2024 set it at Rs 3,900 per sq.ft, representing an 8% increase. Overall, from 2002 to 2024, the guideline value has increased by 668%. There are no figures available for the revisions of years not listed.

Guideline values in Egmore

In Egmore village, there are 465 streets under the Periamet SRO that have a 2024 guideline value ranging from Rs 2,800 to Rs 22,000 per sq.ft, with a median value of Rs 7,100 per sq.ft. KajaMohideen Street's current value of Rs 3,900 per sq.ft is below this median.

• Jothima Nagar River side: Rs 2,800 per sq.ft (2024)
• Jothi ammal Street: Rs 2,800 per sq.ft (2024)
• Kamarajar Nagar: Rs 3,400 per sq.ft (2024)
• Kamarajar Nagar 1st street: Rs 3,400 per sq.ft (2024)
• Kamarajar Nagar 2nd street: Rs 3,400 per sq.ft (2024)
• Kamarajar Nagar 3rd street: Rs 3,400 per sq.ft (2024)

Stamp duty and registration fee for property in KajaMohideen Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value would be Rs 39,00,000. The stamp duty at 7% would amount to Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, making the total cost Rs 3,51,000. The duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers KajaMohideen Street?

The Sub Registrar Office that covers KajaMohideen Street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Egmore. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When a property is sold, the guideline value helps determine the minimum price at which the property can be registered. This ensures transparency in property transactions and helps in maintaining a standard for property values in the area.

Frequently asked questions

What is the current guideline value of KajaMohideen Street?

The current guideline value of KajaMohideen Street is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 508 in 2002 to Rs 3,900 in 2024, showing an overall increase of 668% over the years.

What is the land classification of KajaMohideen Street?

KajaMohideen Street is classified as Residential Class III Type - I.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 39,00,000, the stamp duty would be Rs 2,73,000 and the registration fee would be Rs 78,000, totaling Rs 3,51,000.

Where is the Sub Registrar Office for KajaMohideen Street located?

The Sub Registrar Office is located at 1103, Poonamallee High Road, Chennai-600 003, and it is the Periamet Sub Registrar Office.