Guideline Value for Kamaraj Street

Kamaraj Street guideline value

The current guideline value of Kamaraj Street in Agaramthen village is Rs 830 per sq.ft, effective from 1 July 2024. This street falls under the Tambaram Joint 1 SRO and is classified as Residential Class I Type - II.

How the guideline value of Kamaraj Street has changed

Looking at the historical guideline values, the figure for Kamaraj Street was Rs 750 per sq.ft in 2023, which increased to Rs 830 per sq.ft in 2024, marking an increase of 11%. Prior to that, in 2017, the guideline value was Rs 502 per sq.ft, which shows a significant increase of 49% over the six years leading up to 2023. The register has no figure for this street for the years 2002, 2003, and 2007.

In 2012, the guideline value was Rs 750 per sq.ft, which decreased to Rs 502 per sq.ft in 2017, reflecting a decline of 33%. Overall, from 2012 to 2024, the guideline value has increased by 11%, with the current figure aligning with the median guideline value of Rs 830 per sq.ft for Agaramthen.

Guideline values in Agaramthen

Agaramthen has 125 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 440 to Rs 3,700 per sq.ft. Kamaraj Street's 2024 figure of Rs 830 per sq.ft is equal to the median value for the village.

• Kamaraj Cross Street: Rs 830 per sq.ft (2024)
• Kamarajar Street: Rs 830 per sq.ft (2024)
• Kambar Street: Rs 830 per sq.ft (2024)
• Kannan Avenue: Rs 3,300 per sq.ft (2024)
• Kannanji 2nd Cross Street: Rs 830 per sq.ft (2024)
• Kakkanji Street: Rs 830 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 830 per sq.ft, the total guideline value amounts to Rs 8,30,000. The stamp duty at 7% would be Rs 58,100, and the registration fee at 2% would be Rs 16,600, bringing the total fees to Rs 74,700. 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 Street?

The Kamaraj Street is covered by the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, 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 Agaramthen

The guideline value plays a crucial role in the registration process when buying or selling property in Agaramthen. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is legally documented and the appropriate taxes are collected.

When a property is sold, the guideline value is referenced to calculate the fees, and it serves as a benchmark for property transactions in the area. This ensures transparency and consistency in property dealings, as the guideline value is regularly updated to reflect market conditions.

Frequently asked questions

What is the current guideline value of Kamaraj Street?

The current guideline value of Kamaraj Street is Rs 830 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has seen fluctuations, with Rs 750 per sq.ft in 2012, decreasing to Rs 502 per sq.ft in 2017, and then increasing to Rs 750 per sq.ft in 2023, before reaching Rs 830 per sq.ft in 2024.

What is the land classification for Kamaraj Street?

Kamaraj Street is classified as Residential Class I Type - II, indicating its suitability for residential development.

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

For a property valued at Rs 8,30,000, the stamp duty would be Rs 58,100 and the registration fee would be Rs 16,600, totaling Rs 74,700.

Which office handles registrations for Kamaraj Street?

The Tambaram Joint 1 Sub Registrar Office handles registrations for Kamaraj Street, located at No.26, Mes Road, East Tambaram, Chennai-600059.