Guideline Value for Kamarajapuram Lenin Street

Kamarajapuram Lenin Street guideline value

The current guideline value of Kamarajapuram Lenin 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 Lenin Street has changed

In the 2012 revision, the guideline value was Rs 1,700 per sq.ft. This figure was then reduced to Rs 1,139 per sq.ft in the 2017 revision, marking a decrease of 33%. Following this, the value saw a significant increase to Rs 1,700 per sq.ft in 2023, and further rose to Rs 1,800 per sq.ft in the 2024 revision, reflecting a change of 6% from the previous year. The register has no figure for this street for the years 2002, 2003, and 2007.

From 2017 to 2023, there was a notable increase of 49%, leading to the current guideline value of Rs 1,800 per sq.ft. Overall, from 2012 to 2024, there has been a 6% increase in the guideline value.

Guideline values in Ambattur

In Ambattur village, there are 448 streets under the Ambattur SRO, with guideline values ranging from Rs 1,400 to Rs 8,209 per sq.ft. The median guideline value in this area is Rs 3,600 per sq.ft, indicating that Kamarajapuram Lenin Street's 2024 figure is below this median.

• Kamarajapuram Nehru Street: Rs 1,800 per sq.ft (2024)
• Kamarajapuram Kulakkarai Street: Rs 1,800 per sq.ft (2024)
• Kamarajapuram Periyar 1st Street: Rs 1,800 per sq.ft (2024)
• Kamarajapuram Kannikhan mesthri Street: Rs 1,800 per sq.ft (2024)
• Kamarajapuram Periyar 2nd Street: Rs 1,800 per sq.ft (2024)
• Kamarajapuram Kannathamman Street: Rs 1,800 per sq.ft (2024)

Stamp duty and registration fee for property in Kamarajapuram Lenin Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,800 per sq.ft, the total guideline value amounts to Rs 18,00,000. The stamp duty at 7% would be Rs 1,26,000, while the registration fee at 2% would be Rs 36,000. Together, the total cost for stamp duty and registration fee would be 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.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kamarajapuram Lenin Street?

The Sub Registrar Office that covers Kamarajapuram Lenin 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 for further assistance.

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

The guideline value is a crucial factor in the registration process of property transactions in Ambattur. It serves as a benchmark for determining the minimum sale price on which stamp duty and registration fees are calculated.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation and ensuring that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kamarajapuram Lenin Street?

The current guideline value of Kamarajapuram Lenin 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 seen several revisions, with the most recent increase from Rs 1,700 per sq.ft in 2023 to Rs 1,800 per sq.ft in 2024. The value 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 property in Kamarajapuram Lenin Street?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is 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.

Which Sub Registrar Office covers Kamarajapuram Lenin Street?

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

What is the range of guideline values in Ambattur?

The guideline values in Ambattur range from Rs 1,400 to Rs 8,209 per sq.ft, with a median value of Rs 3,600 per sq.ft. Kamarajapuram Lenin Street's 2024 figure is below this median.