Guideline Value for Kamarajapuram

Kamarajapuram guideline value

The current guideline value of Kamarajapuram is Rs 1,650 per sq.ft, effective from 1 July 2024. This village falls under the Tiruvallur Joint 1 SRO and is classified as Residential Class I Type - I.

How the guideline value of Kamarajapuram has changed

The guideline value for Kamarajapuram has seen several revisions over the years. In 2007, the guideline value was Rs 200 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012. However, it then decreased to Rs 1,005 per sq.ft in 2017. The value rose again to Rs 1,500 per sq.ft in 2023, and currently stands at Rs 1,650 per sq.ft from the 2024 revision, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 725%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Thiruvallur

In Thiruvallur, there are 172 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 3,850 per sq.ft. The median value is Rs 1,100 per sq.ft, making Kamarajapuram's 2024 figure of Rs 1,650 per sq.ft above that median.

• Kamadenu Street: Rs 1,100 per sq.ft (2024)
• Kamarajar St lane-1: Rs 1,650 per sq.ft (2024)
• Kamarajar St lane-2: Rs 1,650 per sq.ft (2024)
• Kamarajar St lane-3: Rs 1,650 per sq.ft (2024)
• Kamarajar St lane-4: Rs 1,650 per sq.ft (2024)
• Kamarajar Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Kamarajapuram

For a 1,000 sq.ft plot at the current rate of Rs 1,650 per sq.ft, the guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. 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?

Kamarajapuram is covered by the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during property registration in Thiruvallur. It determines the minimum value at which property transactions must be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the baseline value of the property. It serves as a reference point for negotiations and ensures transparency in property transactions.

Frequently asked questions

What is the current guideline value of Kamarajapuram?

The current guideline value of Kamarajapuram is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, reflecting an overall increase of 725% over the years.

What is the stamp duty rate in Kamarajapuram?

The stamp duty rate in Kamarajapuram is 7%, calculated on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Kamarajapuram?

The Sub Registrar Office for Kamarajapuram is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.

What is the median guideline value in Thiruvallur?

The median guideline value in Thiruvallur is Rs 1,100 per sq.ft, with Kamarajapuram's value of Rs 1,650 per sq.ft being above this median.