Guideline Value for Kamarajapuram Jeeva Street

Kamarajapuram Jeeva Street guideline value

The current guideline value of Kamarajapuram Jeeva Street is Rs 1,800 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village, under the Ambattur SRO, and is classified as Residential Class IV Type - III.

How the guideline value of Kamarajapuram Jeeva Street has changed

The guideline value for Kamarajapuram Jeeva Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,700 per sq.ft, which then decreased to Rs 1,139 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,700 per sq.ft in 2023, and then to Rs 1,800 per sq.ft in 2024, marking a 6% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%, while the value dropped by 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 6%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ambattur

In Ambattur village, 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. The guideline value for Kamarajapuram Jeeva Street is below this median.

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

Stamp duty and registration fee for property in Kamarajapuram Jeeva Street

For a 1,000 sq.ft plot at the current rate of Rs 1,800 per sq.ft, the guideline value amounts to Rs 18,00,000. The stamp duty at 7% would be Rs 1,26,000, and the registration fee at 2% would be Rs 36,000, totaling Rs 1,62,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kamarajapuram Jeeva Street?

The Sub Registrar Office that covers Kamarajapuram Jeeva Street is 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 here.

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 minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. It is important to note that the stamp duty is charged on the higher of the guideline value or the sale price, ensuring transparency in property transactions.

Frequently asked questions

What is the current guideline value of Kamarajapuram Jeeva Street?

The current guideline value of Kamarajapuram Jeeva 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 2012 to Rs 1,139 per sq.ft in 2017, then to Rs 1,700 per sq.ft in 2023, and finally to Rs 1,800 per sq.ft in 2024.

What are the other streets in Ambattur with the same guideline value?

Other streets in Ambattur with the same guideline value of Rs 1,800 per sq.ft include Kamarajapuram Govindha Mesthri Street, Kamarajapuram Kannathamman Street, Kamarajapuram Govindasamy mesthiri Street, Kamarajapuram Kannikhan mesthri Street, Kamarajapuram Kulakkarai Street, and Kamarajapuram Duraisamy mesthri Street.

What is the registration fee for property in Kamarajapuram Jeeva Street?

The registration fee for property in Kamarajapuram Jeeva Street is calculated based on the guideline value. For example, for a property valued at Rs 18,00,000, the registration fee at 2% would be Rs 36,000.

Where can I find the Sub Registrar Office for Kamarajapuram Jeeva Street?

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