Guideline Value for Kamarajapuram Nehru Street

Kamarajapuram Nehru Street guideline value

The current guideline value of Kamarajapuram Nehru 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 Nehru Street has changed

The guideline value for Kamarajapuram Nehru Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,700 per sq.ft, but this was reduced to Rs 1,139 per sq.ft in the 2017 revision, marking a decline of 33%. Following that, the value increased significantly to Rs 1,700 per sq.ft in the 2023 revision, and further rose to Rs 1,800 per sq.ft in the 2024 revision, reflecting a 6% increase.

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 seen a slight increase of 6%.

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 value for these streets is Rs 3,600 per sq.ft, indicating that Kamarajapuram Nehru Street's 2024 figure is below this median.

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

Stamp duty and registration fee for property in Kamarajapuram Nehru 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, 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.

You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Kamarajapuram Nehru Street?

The Sub Registrar Office that covers Kamarajapuram Nehru Street is located at Ambattur Sub Registrar Office, 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 an essential factor in the registration process of property transactions in Ambattur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the government.

When buying or selling property, it is crucial to be aware of the guideline value, as it can affect the overall costs associated with the transaction. Buyers and sellers should ensure that they are informed about the current guideline value to avoid any unexpected expenses during the registration process.

Frequently asked questions

What is the current guideline value of Kamarajapuram Nehru Street?

The current guideline value of Kamarajapuram Nehru 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 is the land classification of Kamarajapuram Nehru Street?

Kamarajapuram Nehru Street is classified as Residential Class IV Type - III.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or the sale price, whichever is higher.

Which office handles the registration for Kamarajapuram Nehru Street?

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