Guideline Value for Kamaraj Road

Kamaraj Road guideline value

The current guideline value of Kamaraj Road in Anakaputhur village is Rs 2,860 per sq.ft, effective from 1 July 2024. This property falls under the Pammal SRO and is classified as Commercial Class I Type - I.

How the guideline value of Kamaraj Road has changed

Over the years, the guideline value of Kamaraj Road has seen significant changes. Starting from Rs 271 per sq.ft in 2003, it increased to Rs 300 per sq.ft in 2007, marking an 11% rise. The value then surged to Rs 1,742 per sq.ft in 2017, which is a remarkable increase of 481%. By 2023, the guideline value reached Rs 2,600 per sq.ft, reflecting a 49% increase from the previous revision. The latest revision in 2024 shows a further increase to Rs 2,860 per sq.ft, which is a 10% rise from 2023. Notably, there are no figures available for the years 2002 and 2012 in the register for this street.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 4,640 per sq.ft, with a median value of Rs 1,980 per sq.ft. Kamaraj Road's current guideline value is above this median, indicating its higher valuation compared to many other streets in the area.

• Kamarajpuram: Rs 1,760 per sq.ft (2024)
• Kamaraj Salai (Thiruneermalai Road): Rs 2,860 per sq.ft (2024)
• Kamatachi Amman Nagar (Kamatachi Nagar): Rs 1,760 per sq.ft (2024)
• Kamatchi Nagar 1st Street: Rs 1,760 per sq.ft (2024)
• Kamatchi Nagar 2nd Street: Rs 1,760 per sq.ft (2024)
• Kamatchi Nagar 3rd Street: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Kamaraj Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,860 per sq.ft, the total guideline value amounts to Rs 28,60,000. The stamp duty at 7% would be Rs 2,00,200, and the registration fee at 2% would be Rs 57,200, bringing the total fees to Rs 2,57,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamaraj Road?

The Sub Registrar Office that covers Kamaraj Road is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 Anakaputhur

The guideline value is a crucial factor in the registration of property transactions in Anakaputhur. It serves as the basis for determining the stamp duty and registration fees that buyers must pay when purchasing property.

When a property is sold, the guideline value ensures that the transaction is recorded at a standard value, which helps maintain transparency in property dealings. Buyers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Kamaraj Road?

The current guideline value of Kamaraj Road is Rs 2,860 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 271 per sq.ft in 2003 to Rs 2,860 per sq.ft in 2024, representing an overall increase of 955% over the years.

What are the stamp duty and registration fees for properties on Kamaraj Road?

For a property valued at Rs 28,60,000, the stamp duty would be Rs 2,00,200 and the registration fee would be Rs 57,200, totaling Rs 2,57,400.

Which office handles property registration for Kamaraj Road?

The Pammal Sub Registrar Office handles property registration for Kamaraj Road, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification for Kamaraj Road?

Kamaraj Road is classified as Commercial Class I Type - I, indicating its commercial usage potential.