Guideline Value for Kamarajar Nagar 5th Street

Kamarajar Nagar 5th Street guideline value

The current guideline value of Kamarajar Nagar 5th Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village, under the Sembiam SRO, and is classified as Residential Class I Type - I.

How the guideline value of Kamarajar Nagar 5th Street has changed

The guideline value of Kamarajar Nagar 5th Street has undergone several revisions over the years. In 2007, the value was Rs 700 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012. However, this figure saw a decrease to Rs 2,010 per sq.ft in 2017. Following this, the value rose to Rs 3,000 per sq.ft in 2023 and has now reached Rs 3,300 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Notably, the register has no figures for the years 2002 and 2003 concerning this street. Overall, the guideline value has increased by 371% from Rs 700 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024.

Guideline values in Kolathur

In Kolathur, there are 879 streets under the Sembiam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 6,000 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, which is equal to the current guideline value of Kamarajar Nagar 5th Street.

• Kamarajar Nagar 6th Street: Rs 3,300 per sq.ft (2024)
• Kamarajar Nagar 4th Street: Rs 3,300 per sq.ft (2024)
• Kamarajar Nagar 7th Street: Rs 3,300 per sq.ft (2024)
• Kamarajar Nagar 8th Street: Rs 3,300 per sq.ft (2024)
• Kamarajar Nagar 3rd Street: Rs 3,300 per sq.ft (2024)
• Kamarajar Nagar 2nd Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kamarajar Nagar 5th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty, charged at 7%, would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. It is important 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 Kamarajar Nagar 5th Street?

The Kamarajar Nagar 5th Street falls under the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process of property transactions in Kolathur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

Frequently asked questions

What is the current guideline value of Kamarajar Nagar 5th Street?

The current guideline value of Kamarajar Nagar 5th Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 371% over the years.

What is the land classification for Kamarajar Nagar 5th Street?

Kamarajar Nagar 5th Street is classified as Residential Class I Type - I under the Sembiam SRO.

Where can I find the registration office for Kamarajar Nagar 5th Street?

The registration office for Kamarajar Nagar 5th Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011.

How is the stamp duty calculated for properties in Kamarajar Nagar 5th Street?

The stamp duty for properties in Kamarajar Nagar 5th Street is calculated based on the guideline value or the sale price, whichever is higher. For example, a plot of 1,000 sq.ft at the current guideline value incurs a total duty of Rs 2,97,000.