Guideline Value for Kamarajapuram North RadhaVeethi

Kamarajapuram North RadhaVeethi guideline value

The current guideline value of Kamarajapuram North RadhaVeethi is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village under the Pammal SRO, classified as Residential Class II Type - I.

How the guideline value of Kamarajapuram North RadhaVeethi has changed

The guideline value for Kamarajapuram North RadhaVeethi has seen several revisions over the years. The 2017 revision set the value at Rs 1,072 per sq.ft, which was increased to Rs 1,600 per sq.ft in 2023. The latest revision in 2024 has further raised this to Rs 1,760 per sq.ft, marking a 10% increase from the previous year and a substantial 64% increase since 2017.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street. The increases reflect a 49% rise from 2017 to 2023, showcasing a significant upward trend in the guideline value over the years.

Guideline values in Anakaputhur

Anakaputhur village has a total of 501 streets under the Pammal SRO, with guideline values ranging from Rs 1,320 to Rs 4,640 per sq.ft in 2024. The median guideline value for these streets is Rs 1,980 per sq.ft, indicating that Kamarajapuram North RadhaVeethi's current value is below this median.

• Kamarajapuram Nesamany Street: Rs 1,760 per sq.ft (2024)
• Kamarajapuram North RadhaVeethi Cross: Rs 1,760 per sq.ft (2024)
• Kamarajapuram Mariyan Street: Rs 1,760 per sq.ft (2024)
• Kamarajapuram Periyar Street: Rs 1,760 per sq.ft (2024)
• Kamarajapuram Thiruvalluvar Street: Rs 1,760 per sq.ft (2024)
• Kamarajapuram Kutti Nadar Street: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Kamarajapuram North RadhaVeethi

For a 1,000 sq.ft plot at the current rate of Rs 1,760 per sq.ft, the guideline value would be Rs 17,60,000. The stamp duty at 7% would amount to Rs 1,23,200, while the registration fee at 2% would be Rs 35,200, totaling Rs 1,58,400. 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 North RadhaVeethi?

The Kamarajapuram North RadhaVeethi area is covered by the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Anakaputhur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property registration.

When a property is sold, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the government collects the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Kamarajapuram North RadhaVeethi?

The current guideline value of Kamarajapuram North RadhaVeethi is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,072 per sq.ft in 2017 to Rs 1,600 per sq.ft in 2023, and now to Rs 1,760 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

What are the stamp duty and registration fees for property in Kamarajapuram North RadhaVeethi?

For a 1,000 sq.ft plot valued at Rs 17,60,000, the stamp duty would be Rs 1,23,200 and the registration fee would be Rs 35,200, totaling Rs 1,58,400. Duty is charged on the higher of the guideline value or the sale price.

Which Sub Registrar Office covers Kamarajapuram North RadhaVeethi?

The Pammal Sub Registrar Office covers Kamarajapuram North RadhaVeethi. It is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification for Kamarajapuram North RadhaVeethi?

Kamarajapuram North RadhaVeethi is classified as Residential Class II Type - I. This classification is important for understanding the types of developments allowed in the area.