Guideline Value for Kamaraj Cross Street

Kamaraj Cross Street guideline value

The current guideline value of Kamaraj Cross Street in Agaramthen village is Rs 830 per sq.ft, effective from 1 July 2024. This area falls under the Tambaram Joint 1 SRO and is classified as Residential Class I Type - II.

How the guideline value of Kamaraj Cross Street has changed

Over the years, the guideline value of Kamaraj Cross Street has seen several revisions. The 2012 revision set the value at Rs 750 per sq.ft, which was then reduced to Rs 502 per sq.ft in the 2017 revision. This marked a decrease of 33%. However, the value rose significantly to Rs 750 per sq.ft in the 2023 revision, reflecting an increase of 49%. The most recent 2024 revision established the guideline value at Rs 830 per sq.ft, an increase of 11% from the previous year.

It is noteworthy that the register has no figures for the years 2002, 2003, and 2007 regarding Kamaraj Cross Street. Overall, from 2012 to 2024, the guideline value has increased by 11%.

Guideline values in Agaramthen

Agaramthen village has a total of 125 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 440 to Rs 3,700 per sq.ft. The median guideline value for these streets is Rs 830 per sq.ft, which is the same as the current value for Kamaraj Cross Street.

• Kamarajar Street: Rs 830 per sq.ft (2024)
• Kamaraj Street: Rs 830 per sq.ft (2024)
• Kambar Street: Rs 830 per sq.ft (2024)
• Kakkanji Street: Rs 830 per sq.ft (2024)
• Kakkanji 1st Cross Street: Rs 830 per sq.ft (2024)
• Kannan Avenue: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kamaraj Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 830 per sq.ft, the total guideline value amounts to Rs 8,30,000. The stamp duty at 7% would be Rs 58,100, and the registration fee at 2% would be Rs 16,600, bringing the total cost for these fees to Rs 74,700. 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 detailed calculations.

Which Sub Registrar Office covers Kamaraj Cross Street?

The Sub Registrar Office that covers Kamaraj Cross Street is 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 information.

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

The guideline value plays a crucial role during the registration of property transactions in Agaramthen. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, both the buyer and seller must be aware of the guideline value, as it directly influences the costs associated with the transaction. The registration office will use this value to calculate the necessary fees, which must be settled before the property can change hands.

Frequently asked questions

What is the current guideline value of Kamaraj Cross Street?

The current guideline value of Kamaraj Cross Street is Rs 830 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2012 to Rs 502 per sq.ft in 2017, then increased to Rs 750 per sq.ft in 2023, and finally to Rs 830 per sq.ft in 2024.

What is the land classification for Kamaraj Cross Street?

Kamaraj Cross Street is classified as Residential Class I Type - II.

Where can I find the Sub Registrar Office for Kamaraj Cross Street?

The Sub Registrar Office for Kamaraj Cross Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is the stamp duty calculated for properties in Kamaraj Cross Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 8,30,000, the stamp duty would be Rs 58,100.