Guideline Value for Kamaraj 2nd Street

Kamaraj 2nd Street guideline value

The current guideline value of Kamaraj 2nd Street in Ramapuram village is Rs 4,400 per sq.ft, effective from 1 July 2024. This street falls under the Chennai South Joint II SRO and is classified as Residential Special Type - I.

How the guideline value of Kamaraj 2nd Street has changed

The guideline value for Kamaraj 2nd Street has seen several revisions over the years. In 2012, the value was Rs 4,000 per sq.ft, which then decreased to Rs 2,680 per sq.ft in 2017. Following this, the value significantly increased to Rs 4,000 per sq.ft in 2023, and now stands at Rs 4,400 per sq.ft in the 2024 revision, marking a 10% rise from the previous year.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value jumped by 49%. Overall, comparing the 2012 and 2024 revisions, there has been a 10% increase in the guideline value. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ramapuram

In Ramapuram, there are 394 streets under the Chennai South Joint II SRO, with guideline values ranging from Rs 1,950 to Rs 6,600 per sq.ft. The median guideline value is Rs 3,100 per sq.ft, making Kamaraj 2nd Street's 2024 figure of Rs 4,400 per sq.ft above this median.

• Kamaraj 1st Street: Rs 4,400 per sq.ft (2024)
• Kamarajar Road: Rs 3,550 per sq.ft (2024)
• Kalyani Ponnappan Avenue Annex: Rs 3,550 per sq.ft (2024)
• Kalyani Ponnappan Avenue: Rs 3,550 per sq.ft (2024)
• Kalsathamman Koil Street: Rs 2,750 per sq.ft (2024)
• Kaliyappa Naicker Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Kamaraj 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, leading to a total of Rs 3,96,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kamaraj 2nd Street?

The Kamaraj 2nd Street is covered by the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ramapuram. It helps determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is in compliance with local regulations.

When a property is sold, the guideline value serves as a benchmark for the minimum value at which the property can be registered. This ensures that all transactions are recorded accurately and transparently, reflecting the true value of the property in the market.

Frequently asked questions

What is the current guideline value of Kamaraj 2nd Street?

The current guideline value of Kamaraj 2nd Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,000 per sq.ft in 2012 to Rs 2,680 per sq.ft in 2017, then to Rs 4,000 per sq.ft in 2023, and now to Rs 4,400 per sq.ft in 2024.

What is the land classification for Kamaraj 2nd Street?

Kamaraj 2nd Street is classified as Residential Special Type - I.

What is the range of guideline values in Ramapuram?

The guideline values in Ramapuram range from Rs 1,950 to Rs 6,600 per sq.ft, with a median value of Rs 3,100 per sq.ft.

Where can I find more information about stamp duty and registration fees?

You can find more information about stamp duty and registration fees by using our stamp duty and registration fee calculator.