Guideline Value for Kamarajapuram Thiruvallur Street

Kamarajapuram Thiruvallur Street guideline value

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

How the guideline value of Kamarajapuram Thiruvallur Street has changed

The guideline value for Kamarajapuram Thiruvallur Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,700 per sq.ft, which was then decreased to Rs 1,139 per sq.ft in the 2017 revision. Following this, the value increased to Rs 1,700 per sq.ft in the 2023 revision, and finally, it rose to Rs 1,800 per sq.ft in the 2024 revision, marking a 6% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. The overall change from the 2012 revision to the 2024 revision shows a modest increase of 6%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,400 to Rs 8,209 per sq.ft, with the median value being Rs 3,600 per sq.ft. Kamarajapuram Thiruvallur Street's 2024 guideline value is below this median.

• Kamarajapuram Thiruvalluvar Street: Rs 1,800 per sq.ft (2024)
• Kamarajapuram Sivasankaran Kovil Street: Rs 1,800 per sq.ft (2024)
• Kamarajapuram Sathya street: Rs 1,800 per sq.ft (2024)
• Kamarajapuram Periyar 2nd Street: Rs 1,800 per sq.ft (2024)
• Kamarajapuram Thulukanathamman Koil Street: Rs 1,800 per sq.ft (2024)
• Kamarajapuram Periyar 1st Street: Rs 1,800 per sq.ft (2024)

Stamp duty and registration fee for property in Kamarajapuram Thiruvallur 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 amount to Rs 1,26,000, and the registration fee at 2% would be Rs 36,000, making the total cost 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.

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

Which Sub Registrar Office covers Kamarajapuram Thiruvallur Street?

The Kamarajapuram Thiruvallur Street falls under 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 information.

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

The guideline value is a critical factor when registering a property in Ambattur. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the transaction is documented at a fair value according to the local government standards.

When buying or selling property, both the buyer and seller must be aware of the guideline value to ensure compliance with registration requirements. This value serves as a benchmark for the transaction and is essential for calculating the associated costs of property transfer.

Frequently asked questions

What is the current guideline value of Kamarajapuram Thiruvallur Street?

The current guideline value of Kamarajapuram Thiruvallur 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 2023 to Rs 1,800 per sq.ft in 2024, reflecting a 6% increase. It was Rs 1,139 per sq.ft in 2017 and Rs 1,700 per sq.ft in 2012.

What is the land classification of Kamarajapuram Thiruvallur Street?

Kamarajapuram Thiruvallur Street is classified as Residential Class IV Type - III, indicating its suitability for residential purposes.

Where can I find the registration office for Kamarajapuram Thiruvallur Street?

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

How is stamp duty calculated for properties in Ambattur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 18,00,000 would incur a stamp duty of Rs 1,26,000 at 7%.