Guideline Value for Kamarajapuram T.V.K Street

Kamarajapuram T.V.K Street guideline value

The current guideline value of Kamarajapuram T.V.K Street is Rs 1,800 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village, falling under the Ambattur SRO with a land classification of Residential Class IV Type - III.

How the guideline value of Kamarajapuram T.V.K Street has changed

The guideline value of Kamarajapuram T.V.K Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,700 per sq.ft, which then decreased to Rs 1,139 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 1,700 per sq.ft, and the most recent 2024 revision has raised it further to Rs 1,800 per sq.ft, marking a 6% increase from the previous year.

In summary, from 2012 to 2017, there was a decrease of 33%, followed by a significant increase of 49% from 2017 to 2023. Overall, from 2012 to 2024, the guideline value has seen a modest increase of 6%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ambattur

A total of 448 streets in Ambattur under the Ambattur SRO 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. Kamarajapuram T.V.K Street's 2024 figure is below this median.

• Kamarajapuram Thulukanathamman Koil Street: Rs 1,800 per sq.ft (2024)
• Kamarajapuram Vanchi Nagar: Rs 1,800 per sq.ft (2024)
• Kamarajapuram V.O.C. Street: Rs 1,800 per sq.ft (2024)
• Kamarajapuram Thiruvalluvar Street: Rs 1,800 per sq.ft (2024)
• Kamarajapuram Thiruvallur Street: Rs 1,800 per sq.ft (2024)
• Kamarajapuram Sivasankaran Kovil Street: Rs 1,800 per sq.ft (2024)

Stamp duty and registration fee for property in Kamarajapuram T.V.K Street

For a 1,000 sq.ft plot at the current rate of Rs 1,800 per sq.ft, the 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, totaling 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 details.

Which Sub Registrar Office covers Kamarajapuram T.V.K Street?

The Kamarajapuram T.V.K 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 further assistance.

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

The guideline value is a crucial factor in property transactions as it determines the minimum value at which a property can be registered. When a buyer purchases a property, the guideline value serves as a benchmark for calculating stamp duty and registration fees.

During the registration process, the buyer must pay the applicable stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the region.

Frequently asked questions

What is the current guideline value of Kamarajapuram T.V.K Street?

The current guideline value of Kamarajapuram T.V.K 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 changes: it was Rs 1,700 per sq.ft in 2012, decreased to Rs 1,139 per sq.ft in 2017, increased to Rs 1,700 per sq.ft in 2023, and is now Rs 1,800 per sq.ft in 2024.

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

For a property valued at 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. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for Kamarajapuram T.V.K Street?

The Ambattur Sub Registrar Office is responsible for property registrations in Kamarajapuram T.V.K Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the land classification for Kamarajapuram T.V.K Street?

Kamarajapuram T.V.K Street is classified as Residential Class IV Type - III, indicating its suitability for residential development.