Guideline Value for Kamarajapuram Kulakkarai Street

Kamarajapuram Kulakkarai Street guideline value

The current guideline value of Kamarajapuram Kulakkarai 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 it falls under the Residential Class IV Type - III land classification.

How the guideline value of Kamarajapuram Kulakkarai Street has changed

The guideline value for Kamarajapuram Kulakkarai Street has seen several revisions over the years. The 2012 revision set the guideline value at Rs 1,700 per sq.ft, which was then reduced to Rs 1,139 per sq.ft in the 2017 revision. Following that, the value increased significantly to Rs 1,700 per sq.ft in the 2023 revision, and it has now risen to Rs 1,800 per sq.ft in the 2024 revision, marking a 6% increase from the previous year. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 6%. The jump from Rs 1,139 per sq.ft in 2017 to Rs 1,700 per sq.ft in 2023 represents a substantial increase of 49%.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO that have 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 of Kamarajapuram Kulakkarai Street is below this median.

• Kamarajapuram Kannikhan mesthri Street: Rs 1,800 per sq.ft (2024)
• Kamarajapuram Kannathamman Street: Rs 1,800 per sq.ft (2024)
• Kamarajapuram Lenin Street: Rs 1,800 per sq.ft (2024)
• Kamarajapuram Jeeva Street: Rs 1,800 per sq.ft (2024)
• Kamarajapuram Nehru Street: Rs 1,800 per sq.ft (2024)
• Kamarajapuram Govindha Mesthri Street: Rs 1,800 per sq.ft (2024)

Stamp duty and registration fee for property in Kamarajapuram Kulakkarai 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, making the total cost for these fees Rs 1,62,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kamarajapuram Kulakkarai Street?

The Kamarajapuram Kulakkarai Street falls under the jurisdiction of 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 information.

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

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

When a property is sold or purchased, the guideline value is used to calculate the applicable fees, ensuring that the transaction is recorded accurately. It is essential for buyers and sellers to be aware of the guideline values to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Kamarajapuram Kulakkarai Street?

The current guideline value of Kamarajapuram Kulakkarai 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 stamp duty and registration fees for properties in Kamarajapuram Kulakkarai Street?

For a 1,000 sq.ft plot, the stamp duty would be Rs 1,26,000 and the registration fee would be Rs 36,000, totaling Rs 1,62,000.

Which office handles the registration for Kamarajapuram Kulakkarai Street?

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

Where can I find more information about guideline values in Ambattur?

For more information about guideline values in Ambattur, you can refer to the Registration Department's guideline value register (TNReginet).