Guideline Value for Kamarajapuram, Gangai Amman Koil Street,

Kamarajapuram, Gangai Amman Koil Street, guideline value

The current guideline value of Kamarajapuram, Gangai Amman Koil 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 with a land classification of Residential Class I Type - III.

How the guideline value of Kamarajapuram, Gangai Amman Koil Street, has changed

The guideline value for Kamarajapuram, Gangai Amman Koil Street has seen several revisions over the years. The oldest recorded revision was in 2012, with a guideline value of Rs 5,000 per sq.ft, which then decreased to Rs 3,350 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 5,500 per sq.ft in the 2024 revision, marking a change of +64% from 2017 to 2024. Overall, from 2012 to 2024, the guideline value has increased by +10%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2023 for this street.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO carrying a 2024 guideline value ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median guideline value is Rs 4,400 per sq.ft, making Kamarajapuram, Gangai Amman Koil Street's 2024 figure above that median.

• Kamarajapuram Gandhi Street: Rs 5,500 per sq.ft (2024)
• Kamarajapuram, Kumaran Street: Rs 5,500 per sq.ft (2024)
• Kamarajapuram (100 Ft. Bye-Pass Road): Rs 13,200 per sq.ft (2024)
• Kamarajapuram Thittapaguthi Gandhi Street: Rs 5,500 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, Gangai Amman Koil 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 cost for these fees to Rs 4,95,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kamarajapuram, Gangai Amman Koil Street,?

The Sub Registrar Office covering Kamarajapuram, Gangai Amman Koil 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 of property transactions in Velachery. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial obligations involved in the transaction, based on the established guideline value.

Frequently asked questions

What is the current guideline value of Kamarajapuram, Gangai Amman Koil Street?

The current guideline value of Kamarajapuram, Gangai Amman Koil 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 5,000 per sq.ft in 2012 to Rs 3,350 per sq.ft in 2017, and then increased to Rs 5,500 per sq.ft in 2024. This reflects a +64% increase from 2017 to 2024 and a +10% increase overall from 2012 to 2024.

What is the land classification for this street?

Kamarajapuram, Gangai Amman Koil Street is classified as Residential Class I Type - III.

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

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 4,95,000.

Where is the Sub Registrar Office for Kamarajapuram, Gangai Amman Koil Street located?

The Velacheri Sub Registrar Office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.