Guideline Value for Kamarajapuram Victoria Street

Kamarajapuram Victoria Street guideline value

The current guideline value of Kamarajapuram Victoria Street is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village under the Pammal SRO and is classified as Residential Class II Type - I.

How the guideline value of Kamarajapuram Victoria Street has changed

Over the years, the guideline value for Kamarajapuram Victoria Street has seen significant changes. The 2017 revision recorded a value of Rs 1,072 per sq.ft, which increased to Rs 1,600 per sq.ft in the 2023 revision. The latest revision in 2024 has raised this figure to Rs 1,760 per sq.ft, marking a 10% increase from the previous year. The overall change from 2017 to 2024 is an increase of 64%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. However, the increase from 2017 to 2023 was 49%, illustrating a steady rise in the guideline value over the years.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median value for these streets is Rs 1,980 per sq.ft, placing Kamarajapuram Victoria Street's 2024 figure below that median.

• Kamarajapuram Thomaiyar Street: Rs 1,760 per sq.ft (2024)
• Kamarajapuram Thiruvalluvar Street: Rs 1,760 per sq.ft (2024)
• Kamarajapuram Periyar Street: Rs 1,760 per sq.ft (2024)
• Kamarajapuram North RadhaVeeti Cross: Rs 1,760 per sq.ft (2024)
• Kamarajapuram North RadhaVeethi: Rs 1,760 per sq.ft (2024)
• Kamarajapuram Nesamany Street: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Kamarajapuram Victoria Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value is Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, making the total fees Rs 1,58,400. It is important to note that 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 detailed calculations.

Which Sub Registrar Office covers Kamarajapuram Victoria Street?

The Kamarajapuram Victoria Street falls under the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role when buying or selling property in Anakaputhur. It is used to determine the stamp duty and registration fees payable at the time of property registration. The guideline value ensures that the government receives the appropriate revenue from property transactions.

When a property is sold, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This process helps maintain transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Kamarajapuram Victoria Street?

The current guideline value of Kamarajapuram Victoria Street is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,072 per sq.ft in 2017 to Rs 1,760 per sq.ft in 2024, representing an overall increase of 64% over this period.

What are the stamp duty and registration fees for property in Kamarajapuram Victoria Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 17,60,000. The stamp duty would be Rs 1,23,200, and the registration fee would be Rs 35,200, totaling Rs 1,58,400.

Which office handles property registrations for Kamarajapuram Victoria Street?

The Pammal Sub Registrar Office handles property registrations for Kamarajapuram Victoria Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the significance of the guideline value in property transactions?

The guideline value is significant as it determines the stamp duty and registration fees during property transactions. It ensures that the government collects the appropriate revenue based on the higher of the guideline value or the sale price.