Guideline Value for Kamarajapuram Periyar 2nd Street

Kamarajapuram Periyar 2nd Street guideline value

The current guideline value of Kamarajapuram Periyar 2nd Street is Rs 1,800 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village under the Ambattur SRO, classified as Residential Class IV Type - III.

How the guideline value of Kamarajapuram Periyar 2nd Street has changed

The guideline value for Kamarajapuram Periyar 2nd Street has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 1,700 per sq.ft. In 2017, this value decreased to Rs 1,139 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, the value saw a significant increase of 49%, rising to Rs 1,700 per sq.ft. The latest revision in 2024 has set the guideline value at Rs 1,800 per sq.ft, reflecting a 6% increase from the previous year.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 6%.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO that carry a guideline value for 2024, with values ranging from Rs 1,400 to Rs 8,209 per sq.ft. The median guideline value is Rs 3,600 per sq.ft, placing Kamarajapuram Periyar 2nd Street's 2024 figure below this median.

• Kamarajapuram Periyar 1st Street: Rs 1,800 per sq.ft (2024)
• Kamarajapuram Sathya street: Rs 1,800 per sq.ft (2024)
• Kamarajapuram Nehru Street: Rs 1,800 per sq.ft (2024)
• Kamarajapuram Sivasankaran Kovil Street: Rs 1,800 per sq.ft (2024)
• Kamarajapuram Lenin Street: Rs 1,800 per sq.ft (2024)
• Kamarajapuram Thiruvallur Street: Rs 1,800 per sq.ft (2024)

Stamp duty and registration fee for property in Kamarajapuram Periyar 2nd 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 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 and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamarajapuram Periyar 2nd Street?

The Kamarajapuram Periyar 2nd Street is covered by 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 details.

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

The guideline value is a crucial factor when registering property in Ambattur. It determines the minimum value at which property transactions must be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When buying or selling property, it is essential to ensure that the sale price is not below the guideline value, as the registration office will use the guideline value to assess the fees. This ensures that all transactions are conducted transparently and in accordance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Kamarajapuram Periyar 2nd Street?

The current guideline value of Kamarajapuram Periyar 2nd 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 increased to Rs 1,700 per sq.ft in 2023, and finally to Rs 1,800 per sq.ft in 2024.

What is the registration fee for property in Kamarajapuram Periyar 2nd Street?

The registration fee is calculated at 2% of the guideline value. For a property valued at Rs 18,00,000, the registration fee would be Rs 36,000.

Which Sub Registrar Office covers this street?

The Ambattur Sub Registrar Office covers Kamarajapuram Periyar 2nd Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for property transactions?

The stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher. For Kamarajapuram Periyar 2nd Street, the stamp duty on a 1,000 sq.ft property would be Rs 1,26,000 based on the guideline value.