Guideline Value for Kamaraj Colony 3rd Street

Kamaraj Colony 3rd Street guideline value

The current guideline value of Kamaraj Colony 3rd Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Chitlapakkam village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Kamaraj Colony 3rd Street has changed

The guideline value for Kamaraj Colony 3rd Street has seen several revisions over the years. The 2012 revision set the value at Rs 3,500 per sq.ft, which was a decrease of 33% from Rs 2,345 per sq.ft in 2017. The 2023 revision increased the value to Rs 3,500 per sq.ft, and the current 2024 revision has further increased it to Rs 3,850 per sq.ft, marking a 10% rise from the previous year.

From the 2012 revision to the 2024 revision, the overall change in the guideline value is an increase of 10%. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Chitlapakkam

In Chitlapakkam, there are 548 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median guideline value in this area is Rs 1,650 per sq.ft, placing Kamaraj Colony 3rd Street's 2024 figure above this median.

• Kamaraj Colony 2nd Street: Rs 4,400 per sq.ft (2024)
• Kamaraj Colony 4th Street: Rs 3,850 per sq.ft (2024)
• Kamaraj Colony 1st Street: Rs 4,400 per sq.ft (2024)
• Kamaraj Colony 5th Street: Rs 3,850 per sq.ft (2024)
• Kamaraj Nagar 2nd Street: Rs 3,850 per sq.ft (2024)
• Kamaraj Nagar 3rd Street: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Kamaraj Colony 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value would be Rs 38,50,000. The stamp duty at 7% would amount to Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, bringing the total fees to Rs 3,46,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamaraj Colony 3rd Street?

Kamaraj Colony 3rd Street is covered by the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property in Chitlapakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

Frequently asked questions

What is the current guideline value of Kamaraj Colony 3rd Street?

The current guideline value of Kamaraj Colony 3rd Street is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,500 per sq.ft in 2023 to Rs 3,850 per sq.ft in 2024, which is a 10% increase. The value was Rs 2,345 per sq.ft in 2017, showing a 49% increase from then to 2023.

What is the land classification for Kamaraj Colony 3rd Street?

The land classification for Kamaraj Colony 3rd Street is Residential Special Type - II. This classification indicates the intended use of the land for residential purposes.

What are the stamp duty rates applicable?

The stamp duty for property transactions in Kamaraj Colony 3rd Street is charged at 7% of the guideline value or sale price, whichever is higher. The registration fee is charged at 2% of the same value.

Where is the Sub Registrar Office for Kamaraj Colony 3rd Street located?

The Tambaram Joint 1 Sub Registrar Office, which covers Kamaraj Colony 3rd Street, is located at No.26, Mes Road, East Tambaram, Chennai-600059.