Guideline Value for Kamarajapuram Thittapaguthi Gandhi Street

Kamarajapuram Thittapaguthi Gandhi Street guideline value

The current guideline value of Kamarajapuram Thittapaguthi Gandhi Street is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Velachery village and falls under the Velacheri SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Kamarajapuram Thittapaguthi Gandhi Street has changed

The guideline value has undergone several revisions over the years. The oldest revision available is from 2007, where the value was Rs 3,854 per sq.ft. It then increased to Rs 5,000 per sq.ft in 2012, marking a 30% rise. However, the value dropped to Rs 3,350 per sq.ft in 2017, reflecting a decrease of 33%. The most recent revision in 2024 has brought the value back up to Rs 5,500 per sq.ft, which is a significant increase of 64% from the 2017 figure. There are no figures available for the years 2023, 2003, and 2002 for this street.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 43%. This reflects the fluctuations and adjustments made over the years based on various factors affecting the real estate market.

Guideline values in Velachery

In Velachery, there are a total of 2,691 streets under the Velacheri SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median guideline value for these streets is Rs 4,400 per sq.ft, placing Kamarajapuram Thittapaguthi Gandhi Street above this median.

• Kamarajapuram, Kumaran Street: Rs 5,500 per sq.ft (2024)
• Kamarajapuram, Gangai Amman Koil Street: Rs 5,500 per sq.ft (2024)
• Kamarajapuram Gandhi Street: Rs 5,500 per sq.ft (2024)
• Kamarajapuram (100 Ft. Bye-Pass Road): Rs 13,200 per sq.ft (2024)
• Kamarajapuram: Rs 5,500 per sq.ft (2024)
• Kamarajar Street: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Kamarajapuram Thittapaguthi Gandhi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value amounts to Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total fees together to Rs 4,95,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamarajapuram Thittapaguthi Gandhi Street?

The Sub Registrar Office covering Kamarajapuram Thittapaguthi Gandhi Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Velachery. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

Frequently asked questions

What is the current guideline value of Kamarajapuram Thittapaguthi Gandhi Street?

The current guideline value of Kamarajapuram Thittapaguthi Gandhi Street is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,854 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, indicating an overall increase of 43% from 2007 to 2024.

What is the land classification for Kamarajapuram Thittapaguthi Gandhi Street?

The land classification for Kamarajapuram Thittapaguthi Gandhi Street is Residential Class I Type - III.

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

The Sub Registrar Office for Kamarajapuram Thittapaguthi Gandhi Street is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

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

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 55,00,000, the stamp duty would be Rs 3,85,000 at 7%.