Guideline Value for Kamarajapuram (100 Ft. Bye-Pass Road)

Kamarajapuram (100 Ft. Bye-Pass Road) guideline value

The current guideline value of Kamarajapuram (100 Ft. Bye-Pass Road) is Rs 13,200 per sq.ft, effective from 1 July 2024. This area is located in Velachery village and falls under the Velacheri SRO. The land classification for this street is Commercial Class I Type - I.

How the guideline value of Kamarajapuram (100 Ft. Bye-Pass Road) has changed

The guideline value for Kamarajapuram has undergone several revisions over the years. The earliest recorded revision was in 2007, where the guideline value was Rs 2,000 per sq.ft. This figure saw a significant increase to Rs 12,000 per sq.ft in 2012, marking a 500% rise. However, in 2017, the value decreased to Rs 8,040 per sq.ft, reflecting a decline of 33%. The value then increased substantially to Rs 12,000 per sq.ft in 2023, before reaching the current value of Rs 13,200 per sq.ft in 2024, which is a 10% increase from the previous year.

There are no recorded figures for Kamarajapuram in the years 2002 and 2003. From 2017 to 2023, the guideline value increased by 49%, and the overall increase from 2007 to 2024 is 560%.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median guideline value for these streets is Rs 4,400 per sq.ft, indicating that Kamarajapuram's 2024 figure is above this median.

• Kamarajapuram: Rs 5,500 per sq.ft (2024)
• Kamarajapuram Gandhi Street: Rs 5,500 per sq.ft (2024)
• Kamarajapuram, Gangai Amman Koil Street: Rs 5,500 per sq.ft (2024)
• Kamarajapuram, Kumaran Street: Rs 5,500 per sq.ft (2024)
• Kamarajapuram Thittapaguthi Gandhi Street: Rs 5,500 per sq.ft (2024)
• Kamarajar Street: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Kamarajapuram (100 Ft. Bye-Pass Road)

For a 1,000 sq.ft plot at the current guideline value of Rs 13,200 per sq.ft, the total guideline value would be Rs 1,32,00,000. The stamp duty at 7% would amount to Rs 9,24,000, and the registration fee at 2% would be Rs 2,64,000, totaling Rs 11,88,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamarajapuram (100 Ft. Bye-Pass Road)?

Kamarajapuram (100 Ft. Bye-Pass Road) is covered by the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration process of property transactions in Velachery. It is used to determine the stamp duty and registration fees that buyers must pay, ensuring that these costs are based on a standardized valuation of the property.

When buying or selling a property, the guideline value serves as a benchmark for assessing the property's worth. It helps in maintaining transparency and consistency in property transactions within the Velachery area.

Frequently asked questions

What is the current guideline value of Kamarajapuram?

The current guideline value of Kamarajapuram (100 Ft. Bye-Pass Road) is Rs 13,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, with an overall increase of 560% from Rs 2,000 per sq.ft in 2007 to Rs 13,200 per sq.ft in 2024.

What is the land classification for Kamarajapuram?

Kamarajapuram is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.

Where can I find the Velacheri Sub Registrar Office?

The Velacheri Sub Registrar Office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How is stamp duty calculated for properties in Kamarajapuram?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value incurs a total stamp duty of Rs 9,24,000.