Guideline Value for Kamarajapuram Govindha Mesthri Street

Kamarajapuram Govindha Mesthri Street guideline value

The current guideline value of Kamarajapuram Govindha Mesthri Street is Rs 1,800 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village and falls under the Ambattur SRO. The land classification for this area is Residential Class IV Type - III.

How the guideline value of Kamarajapuram Govindha Mesthri Street has changed

The guideline value for Kamarajapuram Govindha Mesthri Street has seen several revisions over the years. In 2012, the guideline value was Rs 1,700 per sq.ft, which decreased to Rs 1,139 per sq.ft in 2017. This marked a significant drop of 33%. However, from 2017 to 2023, the value increased sharply by 49%, reaching Rs 1,700 per sq.ft. The most recent revision in 2024 set the guideline value at Rs 1,800 per sq.ft, reflecting a 6% increase from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, the guideline value has increased by 6% from 2012 to 2024.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,400 to Rs 8,209 per sq.ft, with a median value of Rs 3,600 per sq.ft. Kamarajapuram Govindha Mesthri Street's current guideline value is below this median.

• Kamarajapuram Govindasamy mesthiri Street: Rs 1,800 per sq.ft (2024)
• Kamarajapuram Jeeva Street: Rs 1,800 per sq.ft (2024)
• Kamarajapuram Kannathamman Street: Rs 1,800 per sq.ft (2024)
• Kamarajapuram Kannikhan mesthri Street: Rs 1,800 per sq.ft (2024)
• Kamarajapuram Duraisamy mesthri Street: Rs 1,800 per sq.ft (2024)
• Kamarajapuram Kulakkarai Street: Rs 1,800 per sq.ft (2024)

Stamp duty and registration fee for property in Kamarajapuram Govindha Mesthri Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,800 per sq.ft, the total guideline value would be Rs 18,00,000. The stamp duty at 7% would amount to Rs 1,26,000, and the registration fee at 2% would be Rs 36,000, bringing the total to Rs 1,62,000. 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 Govindha Mesthri Street?

The Kamarajapuram Govindha Mesthri Street is covered by the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process for property transactions in Ambattur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When you register a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kamarajapuram Govindha Mesthri Street?

The current guideline value of Kamarajapuram Govindha Mesthri Street is Rs 1,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,700 per sq.ft in 2023 to Rs 1,800 per sq.ft in 2024, which is a 6% increase. It was Rs 1,139 per sq.ft in 2017 and Rs 1,700 per sq.ft in 2012.

What are the stamp duty and registration fees for this property?

For a 1,000 sq.ft plot at the guideline value of Rs 1,800 per sq.ft, the total guideline value would be Rs 18,00,000. The stamp duty would be Rs 1,26,000 and the registration fee would be Rs 36,000, totaling Rs 1,62,000.

Where is the Sub Registrar Office for Kamarajapuram Govindha Mesthri Street?

The Sub Registrar Office covering Kamarajapuram Govindha Mesthri Street is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the guideline value determined for properties in Ambattur?

The guideline value is determined by the Registration Department and is based on various factors, including land classification and location. It is used to calculate the stamp duty and registration fees during property transactions.