Guideline Value for Kamarajapuram

Kamarajapuram guideline value

The current guideline value of Kamarajapuram, located in Nandhivaram village under the Gooduvancheri SRO, is Rs 1,500 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - I.

How the guideline value of Kamarajapuram has changed

The guideline value for Kamarajapuram has seen several revisions over the years. In 2002, the guideline value was Rs 113 per sq.ft, which increased significantly to Rs 328 per sq.ft in 2007. Following this, the value surged to Rs 1,500 per sq.ft in 2012, marking a substantial increase of 357%. However, it dropped to Rs 1,005 per sq.ft in 2017, a decrease of 33%. The value remained unchanged at Rs 1,500 per sq.ft in both 2023 and 2024, indicating no change between these two revisions.

Overall, from 2002 to 2024, the guideline value has increased by 1227%. It is important to note that the register has no figure for Kamarajapuram in 2003.

Guideline values in Nandhivaram

Nandhivaram village has a total of 169 streets under the Gooduvancheri SRO, with the 2024 guideline values ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median guideline value in this area is Rs 1,500 per sq.ft, which is equal to the current figure for Kamarajapuram.

• Kameshwari Nagar: Rs 1,500 per sq.ft (2024)
• Karpagambal Nagar: Rs 1,500 per sq.ft (2024)
• Karpagambal Nagar Extn: Rs 1,500 per sq.ft (2024)
• Jeyaram Nagar: Rs 1,500 per sq.ft (2024)
• Jeyalakshmi Nagar: Rs 2,000 per sq.ft (2024)
• Jesuraja Nagar Extn: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Kamarajapuram

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, making the total fees Rs 1,35,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamarajapuram?

Kamarajapuram falls under the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Nandhivaram. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with legal requirements during the registration process.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of the property as determined by the guideline value register.

Frequently asked questions

What is the current guideline value of Kamarajapuram?

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

How has the guideline value changed over the years?

The guideline value has changed several times, from Rs 113 per sq.ft in 2002 to Rs 1,500 per sq.ft in 2012, then dropping to Rs 1,005 per sq.ft in 2017, and remaining at Rs 1,500 per sq.ft in both 2023 and 2024.

What is the land classification for Kamarajapuram?

Kamarajapuram is classified as Residential Special Type - I, which indicates its suitability for residential development.

How is stamp duty calculated for properties in Kamarajapuram?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 15,00,000 would incur a stamp duty of Rs 1,05,000 at a rate of 7%.

Where can I find the Sub Registrar Office for Kamarajapuram?

The Gooduvancheri Sub Registrar Office covers Kamarajapuram and is located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-603202, Chengalpattu registration zone.