Guideline Value for Kamalammal Street (Rajammal nagar)

Kamalammal Street (Rajammal nagar) guideline value

The current guideline value of Kamalammal Street (Rajammal nagar) is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Ayappakkam village and falls under the Ambattur SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Kamalammal Street (Rajammal nagar) has changed

The guideline value for Kamalammal Street (Rajammal nagar) has seen several revisions over the years. In the 2007 revision, the value was Rs 400 per sq.ft, which increased significantly to Rs 1,200 per sq.ft in 2012. However, it saw a decrease to Rs 804 per sq.ft in 2017. The value then rose to Rs 1,200 per sq.ft in 2023, before reaching the current guideline value of Rs 1,300 per sq.ft in the 2024 revision, marking an increase of 8% from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 225%. It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Ayappakkam

In Ayappakkam village, there are 221 streets under the Ambattur SRO, with a 2024 guideline value range from Rs 550 to Rs 4,000 per sq.ft. The median value is Rs 1,300 per sq.ft, which aligns with the current guideline value of Kamalammal Street (Rajammal nagar).

• Kalizhar Karunanithi street (Iyappan nagar): Rs 1,700 per sq.ft (2024)
• Kamarajar street (sivasakthi nagar): Rs 1,600 per sq.ft (2024)
• Kamarajar street (v.o.c.nagar): Rs 1,600 per sq.ft (2024)
• Kambar street (Bhavani nagar): Rs 1,600 per sq.ft (2024)
• Jr Enclave Phase - V: Rs 2,300 per sq.ft (2024)
• Jr Enclave Phase - IV: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Kamalammal Street (Rajammal nagar)

For a 1,000 sq.ft plot at the current rate of Rs 1,300 per sq.ft, the guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, and the registration fee at 2% would be Rs 26,000, totaling Rs 1,17,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kamalammal Street (Rajammal nagar)?

The Sub Registrar Office that covers Kamalammal Street (Rajammal nagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Ayappakkam. It determines the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for both buyers and sellers. It helps in assessing the fair value of the property and is used by the authorities to calculate the applicable fees during the registration process.

Frequently asked questions

What is the current guideline value of Kamalammal Street (Rajammal nagar)?

The current guideline value of Kamalammal Street (Rajammal nagar) is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2024, marking an overall increase of 225% over the years.

What is the land classification for Kamalammal Street (Rajammal nagar)?

Kamalammal Street (Rajammal nagar) is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Kamalammal Street (Rajammal nagar)?

The Sub Registrar Office for Kamalammal Street (Rajammal nagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the stamp duty rate in Tamil Nadu?

The stamp duty rate in Tamil Nadu is typically 7% of the guideline value or the sale price, whichever is higher, along with a registration fee of 2%.