Guideline Value for Kamarajar Colony B.G.Road

Kamarajar Colony B.G.Road guideline value

The current guideline value of Kamarajar Colony B.G.Road is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Mamallapuram village under the Thirukazhukundram SRO and is classified as Residential Class V Type - I.

How the guideline value of Kamarajar Colony B.G.Road has changed

The guideline value for Kamarajar Colony B.G.Road has seen several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which was then reduced to Rs 335 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 500 per sq.ft in 2023, and currently stands at Rs 550 per sq.ft from the 2024 revision, marking a 10% increase from the previous year.

In summary, the guideline value has changed as follows: from Rs 500 in 2012 to Rs 335 in 2017 (a decrease of 33%), then to Rs 500 in 2023 (an increase of 49%), and finally to Rs 550 in 2024 (an increase of 10%). The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Mamallapuram

In Mamallapuram, there are 133 streets under the Thirukazhukundram SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 1,650 per sq.ft. The median value for these streets is Rs 935 per sq.ft, placing Kamarajar Colony B.G.Road's 2024 figure below this median.

• Kamarajar Colony Road: Rs 935 per sq.ft (2024)
• Karunkuzhiamman Koil Street: Rs 1,100 per sq.ft (2024)
• Kattunaikkan Street (1st & 1st Street): Rs 1,215 per sq.ft (2024)
• Kavalar Kudieruppu Road: Rs 1,210 per sq.ft (2024)
• Koneri Kuttai Road: Rs 935 per sq.ft (2024)
• Kovalam Road 1st Cross Street: Rs 1,210 per sq.ft (2024)

Stamp duty and registration fee for property in Kamarajar Colony B.G.Road

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total to Rs 49,500. 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 our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamarajar Colony B.G.Road?

The Kamarajar Colony B.G.Road falls under the jurisdiction of the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value is an essential factor in property transactions in Mamallapuram, as it determines the minimum value at which properties can be registered. This value is used to calculate stamp duty and registration fees, which are mandatory during the buying and selling process.

When you purchase a property, the guideline value ensures that the transaction is recorded accurately and fairly. Buyers should be aware that the guideline value may differ from the actual sale price, but the higher of the two will be used for calculating applicable duties and fees.

Frequently asked questions

What is the current guideline value for Kamarajar Colony B.G.Road?

The current guideline value for Kamarajar Colony B.G.Road is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 in 2012 to Rs 335 in 2017, then to Rs 500 in 2023, and currently stands at Rs 550 in 2024. The changes reflect a decrease, followed by increases in subsequent revisions.

What is the median guideline value in Mamallapuram?

The median guideline value for streets in Mamallapuram under the Thirukazhukundram SRO is Rs 935 per sq.ft. Kamarajar Colony B.G.Road's value is below this median.

What are the stamp duty rates for properties in this area?

The stamp duty for properties in Kamarajar Colony B.G.Road is charged at 7% of the guideline value or sale price, whichever is higher. The registration fee is set at 2%.

Where can I find the Sub Registrar Office for Kamarajar Colony B.G.Road?

The Sub Registrar Office covering Kamarajar Colony B.G.Road is the Thirukazhukundram SRO, located at Thiruchengode - 637 211, Chengalpattu registration zone.