Guideline Value for Kamarajar Main Road, Muthamiaz Nagar

Kamarajar Main Road, Muthamiaz Nagar guideline value

The current guideline value of Kamarajar Main Road, Muthamiaz Nagar is Rs 2,475 per sq.ft. This property is located in Pammal village, under the Pammal SRO, and is classified as Residential Class I Type - II.

How the guideline value of Kamarajar Main Road, Muthamiaz Nagar has changed

The guideline value has seen several revisions over the years. The oldest recorded revision is from 2017, where the value was Rs 1,507 per sq.ft. This figure increased to Rs 2,250 per sq.ft in the 2023 revision, marking a 49% increase. The most recent revision in 2024 set the value at Rs 2,475 per sq.ft, which is a 10% increase from the previous year.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for Kamarajar Main Road. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 3,300 per sq.ft. The median value is Rs 2,090 per sq.ft, placing Kamarajar Main Road, Muthamiaz Nagar above this median.

• Kamarajar Cross Street / Muthamzhi Nagar: Rs 2,475 per sq.ft (2024)
• Kamarajar Street, Pammal: Rs 1,980 per sq.ft (2024)
• Kamaraj High Road / Pammal Main Road: Rs 3,300 per sq.ft (2024)
• Kamaraj Nagar (1st Street): Rs 1,980 per sq.ft (2024)
• Kamaraj Nagar (2nd Street): Rs 1,980 per sq.ft (2024)
• Kamaraj Nagar (3rd Street): Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Kamarajar Main Road, Muthamiaz Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,475 per sq.ft, the total guideline value amounts to Rs 24,75,000. The stamp duty at 7% would be Rs 1,73,250, and the registration fee at 2% would be Rs 49,500, bringing the total fees together to Rs 2,22,750. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Kamarajar Main Road, Muthamiaz Nagar?

The Kamarajar Main Road, Muthamiaz Nagar is covered by the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Pammal. It is used to determine the stamp duty and registration fees during the sale or purchase of property. Buyers and sellers must consider this value to ensure compliance with local regulations.

When registering a property, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kamarajar Main Road, Muthamiaz Nagar?

The current guideline value of Kamarajar Main Road, Muthamiaz Nagar is Rs 2,475 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 1,507 per sq.ft to Rs 2,475 per sq.ft in 2024, representing a 64% overall increase. The most recent change was a 10% increase from 2023 to 2024.

What is the land classification for Kamarajar Main Road, Muthamiaz Nagar?

Kamarajar Main Road, Muthamiaz Nagar is classified as Residential Class I Type - II. This classification affects the guideline value and property transactions in the area.

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. This office handles all property registrations in the area.

How is stamp duty calculated for properties in Pammal?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 24,75,000 would incur a stamp duty of Rs 1,73,250 at a rate of 7%.