Guideline Value for Kamarajapuram Thiruvalluvar Street

Kamarajapuram Thiruvalluvar Street guideline value

The current guideline value of Kamarajapuram Thiruvalluvar 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 Thiruvalluvar Street has changed

The guideline value for Kamarajapuram Thiruvalluvar 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 value increased significantly to Rs 1,700 per sq.ft in 2023, and then further rose to Rs 1,800 per sq.ft in the 2024 revision, marking a 6% increase from the previous year.

In terms of percentage changes, the value increased by 49% from 2017 to 2023, while the 2012 to 2017 period saw a decline of 33%. Overall, from 2012 to 2024, there has been a 6% increase in the guideline value.

Guideline values in Ambattur

In Ambattur village, 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 a median value of Rs 3,600 per sq.ft. The guideline value for Kamarajapuram Thiruvalluvar Street is below this median.

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

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

You can use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Kamarajapuram Thiruvalluvar Street?

The Kamarajapuram Thiruvalluvar 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 information.

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

The guideline value is a crucial factor in property transactions in Ambattur. It serves as a reference point for determining the stamp duty and registration fees applicable during the sale or purchase of property. Buyers and sellers must consider this value to ensure compliance with local regulations.

When registering a property, the guideline value is used to calculate the applicable fees, which are mandatory for the legal transfer of property ownership. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kamarajapuram Thiruvalluvar Street?

The current guideline value of Kamarajapuram Thiruvalluvar 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. It was Rs 1,139 per sq.ft in 2017 and Rs 1,700 per sq.ft in 2012.

What is the land classification for this street?

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

Where can I find the Sub Registrar Office for this street?

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

How is the stamp duty calculated for properties in this area?

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