Guideline Value for Kamaraj Street

Kamaraj Street guideline value

The current guideline value of Kamaraj Street in Thalakanancherry village is Rs 2,800 per sq.ft, effective from 1 July 2024. This property falls under the Alandur SRO and is classified as Residential Class II Type - II.

How the guideline value of Kamaraj Street has changed

The guideline value for Kamaraj Street has undergone several revisions over the years. The 2007 revision set the value at Rs 800 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012. However, this figure decreased to Rs 1,675 per sq.ft in the 2017 revision. The subsequent revision in 2023 raised the value to Rs 2,500 per sq.ft, and the latest revision in 2024 is set at Rs 2,800 per sq.ft, marking a 12% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 250%. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Thalakanancherry

In Thalakanancherry, there are 318 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 5,500 per sq.ft, with a median value of Rs 3,900 per sq.ft. Kamaraj Street's 2024 guideline value is below this median.

• Kambar Street: Rs 2,800 per sq.ft (2024)
• Kamarajar Road: Rs 2,800 per sq.ft (2024)
• Kanakamma Colony: Rs 4,400 per sq.ft (2024)
• Kannagi Street: Rs 3,900 per sq.ft (2024)
• Kannan Nagar: Rs 4,400 per sq.ft (2024)
• Kannan Nagar 1st Main Road: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Kamaraj Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value amounts to Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, bringing the total cost for these fees to Rs 2,52,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kamaraj Street?

Kamaraj Street is covered by the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Thalakanancherry. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing a property. The guideline value is assessed based on various factors, including the location and classification of the property.

When selling a property, the guideline value helps establish a baseline for the sale price. It ensures that the transaction is recorded accurately and that the appropriate fees are calculated based on the established values in the register.

Frequently asked questions

What is the current guideline value of Kamaraj Street?

The current guideline value of Kamaraj Street is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has increased from Rs 800 per sq.ft in 2007 to Rs 2,800 per sq.ft in 2024, marking a total increase of 250%.

What is the land classification for Kamaraj Street?

Kamaraj Street is classified as Residential Class II Type - II under the Alandur SRO.

Where can I find the registration office for Kamaraj Street?

The registration office for Kamaraj Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

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

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 28,00,000 would incur a stamp duty of Rs 1,96,000 at a rate of 7%.