Guideline Value for Kamarajapuram Gandhi Street

Kamarajapuram Gandhi Street guideline value

The current guideline value of Kamarajapuram Gandhi Street is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village under the Pammal SRO, and it falls under the Residential Class II Type - I land classification.

How the guideline value of Kamarajapuram Gandhi Street has changed

The guideline value for Kamarajapuram Gandhi Street has seen significant changes over the years. The 2017 revision recorded a value of Rs 1,072 per sq.ft, which increased to Rs 1,600 per sq.ft in the 2023 revision, marking a 49% increase. The most recent 2024 revision reflects a further increase to Rs 1,760 per sq.ft, which is a 10% rise from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

Guideline values in Anakaputhur

Anakaputhur village has a total of 501 streets under the Pammal SRO, with guideline values ranging from Rs 1,320 to Rs 4,640 per sq.ft as per the 2024 revision. The median guideline value for these streets is Rs 1,980 per sq.ft, placing Kamarajapuram Gandhi Street's 2024 figure below this median.

• Kamarajapuram Gandhi Street Cross Street: Rs 1,760 per sq.ft (2024)
• Kamarajapuram Kutti Nadar Street: Rs 1,760 per sq.ft (2024)
• Kamarajapuram Mariyan Street: Rs 1,760 per sq.ft (2024)
• Kamarajapuram Nesamany Street: Rs 1,760 per sq.ft (2024)
• Kamarajapuram North RadhaVeethi: Rs 1,760 per sq.ft (2024)
• Kamarajapuram North RadhaVeeti Cross: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Kamarajapuram Gandhi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value amounts to Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total fees to Rs 1,58,400. It is important to note that 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 more detailed calculations.

Which Sub Registrar Office covers Kamarajapuram Gandhi Street?

The Sub Registrar Office that covers Kamarajapuram Gandhi Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Anakaputhur. It is used to determine the stamp duty and registration fees that buyers need to pay when registering a property. This ensures that the fees are based on a standardized value set by the government.

When you buy or sell property, the guideline value helps in establishing a fair basis for taxation. It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Kamarajapuram Gandhi Street?

The current guideline value of Kamarajapuram Gandhi Street is Rs 1,760 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 1,072 per sq.ft in 2017 to Rs 1,760 per sq.ft in 2024, reflecting an overall increase of 64% over this period.

What are the other streets with the same guideline value?

Other streets in Anakaputhur that share the same guideline value of Rs 1,760 per sq.ft in 2024 include Kamarajapuram Gandhi Street Cross Street, Kamarajapuram Kutti Nadar Street, Kamarajapuram Mariyan Street, Kamarajapuram Nesamany Street, Kamarajapuram North RadhaVeethi, and Kamarajapuram North RadhaVeeti Cross.

What is the registration fee for property transactions?

The registration fee for property transactions in Kamarajapuram Gandhi Street is 2% of the guideline value or sale price, whichever is higher. For example, for a property valued at Rs 17,60,000, the registration fee would be Rs 35,200.

Where can I find more information about the Sub Registrar Office?

The Sub Registrar Office for Kamarajapuram Gandhi Street is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075. You can find more details by visiting the find your SRO link.