Guideline Value for Kamaraj Salai

Kamaraj Salai guideline value

The current guideline value of Kamaraj Salai is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village under the Royapuram SRO, classified as Residential Class II Type - I.

How the guideline value of Kamaraj Salai has changed

As per the guideline value register, there are no figures for Kamaraj Salai for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 1,200 per sq.ft, which was then revised to Rs 1,300 per sq.ft in 2024, reflecting an increase of 8%.

The current figure of Rs 1,300 per sq.ft is the latest revision recorded in 2024. The previous revision in 2023 was Rs 1,200 per sq.ft, marking a significant change in the guideline value for this street.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO, with guideline values ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median value is Rs 1,600 per sq.ft, indicating that Kamaraj Salai's 2024 figure is below the median.

• Kamaraj Nagar Main Road: Rs 1,300 per sq.ft (2024)
• Kamaraj Street (Moopanar Nagar): Rs 1,300 per sq.ft (2024)
• Kamaraj Nagar 9th Street: Rs 1,300 per sq.ft (2024)
• Kamaraj Nagar 8th Street: Rs 1,300 per sq.ft (2024)
• Kamaraj Nagar 7th Street: Rs 1,300 per sq.ft (2024)
• Kamaraj Nagar 6th Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kamaraj Salai

For a 1,000 sq.ft plot at the current rate of Rs 1,300 per sq.ft, the guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, totaling Rs 1,17,000. 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 precise calculations.

Which Sub Registrar Office covers Kamaraj Salai?

The Sub Registrar Office covering Kamaraj Salai is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more information.

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

The guideline value is crucial during the registration of property transactions in Tondaiarpet. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that all transactions are fairly assessed based on the established values.

Frequently asked questions

What is the current guideline value of Kamaraj Salai?

The current guideline value of Kamaraj Salai is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2023 to Rs 1,300 per sq.ft in 2024, marking an increase of 8%. There are no figures recorded for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Kamaraj Salai?

Kamaraj Salai is classified as Residential Class II Type - I, indicating its suitability for residential purposes within the Tondaiarpet area.

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

For a 1,000 sq.ft property at the guideline value of Rs 1,300 per sq.ft, the total stamp duty and registration fees would amount to Rs 1,17,000. This includes a stamp duty of Rs 91,000 and a registration fee of Rs 26,000.

Where is the Sub Registrar Office for Kamaraj Salai located?

The Sub Registrar Office for Kamaraj Salai is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.