Guideline Value for Kamaraj Salai (Thiruneermalai Road)

Kamaraj Salai (Thiruneermalai Road) guideline value

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

How the guideline value of Kamaraj Salai (Thiruneermalai Road) has changed

The guideline value for Kamaraj Salai (Thiruneermalai Road) has seen significant changes over the years. In 2003, the guideline value was Rs 256 per sq.ft, which increased to Rs 300 per sq.ft in 2007, marking a 17% rise. By 2017, the value surged to Rs 1,742 per sq.ft, representing an impressive 481% increase from 2007. The 2023 revision set the value at Rs 2,600 per sq.ft, showing a 49% increase from the previous revision. The latest revision in 2024 has further raised the guideline value to Rs 2,860 per sq.ft, reflecting a 10% increase from 2023.

It is important to note that the register has no figures for the years 2002 and 2012 for this street. Overall, from 2003 to 2024, the guideline value has increased by 1,017%.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO with a 2024 guideline value ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median value is Rs 1,980 per sq.ft, placing Kamaraj Salai (Thiruneermalai Road) above this median.

• Kamaraj Road: Rs 2,860 per sq.ft (2024)
• Kamarajpuram: Rs 1,760 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 Salai (Thiruneermalai 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, making the total fees 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 Salai (Thiruneermalai Road)?

The Sub Registrar Office that covers Kamaraj Salai (Thiruneermalai 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 plays a crucial role in property transactions in Anakaputhur. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must be aware of this value as it affects the stamp duty and registration fees applicable during the transaction.

When purchasing a property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that all transactions are conducted transparently and in accordance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Kamaraj Salai (Thiruneermalai Road)?

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

How much has the guideline value changed from 2003 to 2024?

From 2003 to 2024, the guideline value of Kamaraj Salai (Thiruneermalai Road) has increased by 1,017%, rising from Rs 256 per sq.ft to Rs 2,860 per sq.ft.

What are the stamp duty and registration fees for a property in Kamaraj Salai?

For a 1,000 sq.ft property at the guideline value of Rs 2,860 per sq.ft, the total guideline value is Rs 28,60,000. The stamp duty will be Rs 2,00,200, and the registration fee will be Rs 57,200, totaling Rs 2,57,400.

Which Sub Registrar Office covers this area?

The Pammal Sub Registrar Office covers Kamaraj Salai (Thiruneermalai Road), located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

Are there any years with no guideline value for Kamaraj Salai?

Yes, the guideline value register has no figures for Kamaraj Salai for the years 2002 and 2012.