Guideline Value for Kamarajar 3rd Street

Kamarajar 3rd Street guideline value

The current guideline value of Kamarajar 3rd Street is Rs 1,900 per sq.ft, effective from 1 July 2024. This street is located in Madambakkam village, under the Selaiyur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Kamarajar 3rd Street has changed

The guideline value for Kamarajar 3rd Street has undergone several revisions over the years. The earliest recorded revision is from 2012, where the value was Rs 1,800 per sq.ft. This figure remained unchanged in the next revision in 2017, where it was noted at Rs 1,206 per sq.ft, indicating a decrease of 33%. The value rose significantly to Rs 1,800 per sq.ft in 2023, and further increased to Rs 1,900 per sq.ft in the 2024 revision, reflecting a 6% increase.

It is important to note that there are no registered figures for Kamarajar 3rd Street in the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has shown a modest increase of 6%.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft, with a median value of Rs 2,400 per sq.ft. Kamarajar 3rd Street's current guideline value of Rs 1,900 per sq.ft is below this median.

• Kamarajar 2nd Street: Rs 1,900 per sq.ft (2024)
• Kamarajar 1st Street: Rs 1,900 per sq.ft (2024)
• Kamarajar Street: Rs 1,900 per sq.ft (2024)
• Kamarajar Street (Chozhen Nagar): Rs 1,900 per sq.ft (2024)
• Kamaraj Nagar: Rs 1,900 per sq.ft (2024)
• Kamaraj Nagar 1st Cross Street: Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in Kamarajar 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value amounts to Rs 19,00,000. The stamp duty at 7% would be Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, bringing the total to Rs 1,71,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamarajar 3rd Street?

The Kamarajar 3rd Street falls under the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Madambakkam. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the fair value of the property. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Kamarajar 3rd Street?

The current guideline value of Kamarajar 3rd Street is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then increased to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,900 per sq.ft in 2024.

What is the land classification of Kamarajar 3rd Street?

Kamarajar 3rd Street is classified as Residential Class I Type - I.

Where can I find the Sub Registrar Office for Kamarajar 3rd Street?

The Sub Registrar Office covering Kamarajar 3rd Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

What is the stamp duty for property in Kamarajar 3rd Street?

The stamp duty for a property in Kamarajar 3rd Street is calculated at 7% of the guideline value. For example, for a property valued at Rs 19,00,000, the stamp duty would be Rs 1,33,000.