Guideline Value for Kamaraj Street

Kamaraj Street guideline value

The current guideline value of Kamaraj Street in Koyakbedu village is Rs 3,300 per sq.ft, effective from 1 July 2024. This street falls under the AnnaNagar SRO and is classified as Residential Class I Type - III.

How the guideline value of Kamaraj Street has changed

The guideline value for Kamaraj Street has seen several revisions over the years. The 2007 revision set the value at Rs 1,200 per sq.ft, which increased to Rs 3,000 per sq.ft in 2012, marking a significant rise of 150%. However, the value then decreased to Rs 2,010 per sq.ft in 2017, a drop of 33%. In the 2023 revision, the value increased to Rs 3,000 per sq.ft, and the latest 2024 revision has further increased it to Rs 3,300 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 175%. Notably, there are no figures available for Kamaraj Street for the years 2002 and 2003.

Guideline values in Koyakbedu

Koyakbedu village has a total of 270 streets under the AnnaNagar SRO, with guideline values ranging from Rs 2,200 to Rs 16,500 per sq.ft. The median guideline value in this village is Rs 4,400 per sq.ft, indicating that Kamaraj Street's 2024 figure is below that median.

• Kamaraj Salai: Rs 3,300 per sq.ft (2024)
• Kambar Street: Rs 3,300 per sq.ft (2024)
• Kanagalingeswarar Koil North Street: Rs 3,300 per sq.ft (2024)
• Kanagasabai Colony: Rs 3,300 per sq.ft (2024)
• Kali Amman Koil Street: Rs 7,700 per sq.ft (2024)
• kathiravan Colony: 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 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kamaraj Street?

Kamaraj Street is covered by the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process for property transactions in Koyakbedu. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

When a buyer and seller agree on a sale price, the stamp duty is calculated based on the higher amount between the guideline value and the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kamaraj Street?

The current guideline value of Kamaraj Street is Rs 3,300 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 2007 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 175%.

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

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which office handles the registration for Kamaraj Street?

The AnnaNagar Sub Registrar Office handles the registration for Kamaraj Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

Are there other streets with the same guideline value in Koyakbedu?

Yes, several other streets in Koyakbedu also have a guideline value of Rs 3,300 per sq.ft as of 2024, including Kamaraj Salai, Kambar Street, Kanagalingeswarar Koil North Street, and Kanagasabai Colony.