Guideline Value for Kamaraj High Road

Kamaraj High Road guideline value

The current guideline value of Kamaraj High Road is Rs 2,970 per sq.ft, effective from 1 July 2024. This road is located in Perungalathur village, under the Padappai SRO, and is classified as Commercial Class I Type - II.

How the guideline value of Kamaraj High Road has changed

In the 2007 revision, the guideline value was Rs 350 per sq.ft. This figure saw a significant increase in the 2012 revision, where it rose to Rs 2,700 per sq.ft, marking a substantial growth of 671%. However, the 2017 revision saw a decrease to Rs 1,809 per sq.ft, a decline of 33%. The value then increased again to Rs 2,700 per sq.ft in the 2023 revision, followed by a further rise to Rs 2,970 per sq.ft in the 2024 revision, which represents a 10% increase.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 749%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO with a 2024 guideline value ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median guideline value is Rs 2,310 per sq.ft, making Kamaraj High Road's 2024 figure above this median.

• Kamarajar Salai: Rs 2,970 per sq.ft (2024)
• Kamaraj Street: Rs 2,970 per sq.ft (2024)
• Kamala Nagar: Rs 1,980 per sq.ft (2024)
• Kamatchiamman Nagar: Rs 2,970 per sq.ft (2024)
• Kamatchi nagar: Rs 2,970 per sq.ft (2024)
• Kamatchi Nagar and Extn: Rs 2,970 per sq.ft (2024)

Stamp duty and registration fee for property in Kamaraj High Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,970 per sq.ft, the total guideline value would be Rs 29,70,000. The stamp duty at 7% would amount to Rs 2,07,900, and the registration fee at 2% would be Rs 59,400, bringing the total to Rs 2,67,300. 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 details.

Which Sub Registrar Office covers Kamaraj High Road?

The Sub Registrar Office that covers Kamaraj High Road is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process of property transactions in Perungalathur. It serves as a reference point for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When buying or selling property, it is essential to be aware of the guideline value as it can significantly impact the overall cost of the transaction. Buyers should ensure that they are informed about the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kamaraj High Road?

The current guideline value of Kamaraj High Road is Rs 2,970 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 350 per sq.ft in 2007 to Rs 2,970 per sq.ft in 2024, reflecting an overall increase of 749% over this period.

What is the land classification for Kamaraj High Road?

Kamaraj High Road is classified as Commercial Class I Type - II, which indicates its suitability for commercial activities.

What are the stamp duty and registration fees for property in Kamaraj High Road?

The stamp duty is charged at 7% of the guideline value, and the registration fee is charged at 2%. For a 1,000 sq.ft plot, the total costs would be Rs 2,67,300.

Where is the Sub Registrar Office located for Kamaraj High Road?

The Padappai Sub Registrar Office is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.