Guideline Value for Kamarajar Road Cross Street (Periya Sekkadu)

Kamarajar Road Cross Street (Periya Sekkadu) guideline value

The current guideline value of Kamarajar Road Cross Street (Periya Sekkadu) is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village, under the Madhavaram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Kamarajar Road Cross Street (Periya Sekkadu) has changed

The guideline value for Kamarajar Road Cross Street (Periya Sekkadu) has undergone several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which decreased to Rs 1,005 per sq.ft in the 2017 revision, marking a decline of 16%. However, the most recent 2024 revision has seen a significant increase, bringing the value back up to Rs 1,600 per sq.ft, which is a 59% rise from the 2017 figure.

Overall, comparing the 2012 revision to the current 2024 value, there is an increase of 33%. It is important to note that the guideline register has no figures for the years 2002, 2003, 2007, and 2023 for this street.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median guideline value in this area is Rs 1,600 per sq.ft, which is equal to the current value of Kamarajar Road Cross Street (Periya Sekkadu).

• Kamarajar St, Lakshmipuram (Ward-25): Rs 1,600 per sq.ft (2024)
• Kamarajar 2nd st (Ward No.1): Rs 1,600 per sq.ft (2024)
• Kamarajar Street (Ward-1): Rs 1,600 per sq.ft (2024)
• Kamarajar Street (Ward-16): Rs 1,600 per sq.ft (2024)
• Kamarajar Street (Ward-25): Rs 1,600 per sq.ft (2024)
• Kamaraj 3rd Cross st (Ward No.23): Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Kamarajar Road Cross Street (Periya Sekkadu)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total fees together to Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Kamarajar Road Cross Street (Periya Sekkadu)?

The Sub Registrar Office that covers Kamarajar Road Cross Street (Periya Sekkadu) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Madhavaram. It serves as a benchmark for determining the minimum value of property transactions, ensuring that the sale price is in line with the established values in the area.

During the registration process, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for completing the transaction. This ensures that all property sales are conducted transparently and fairly, adhering to the regulations set by the state.

Frequently asked questions

What is the current guideline value of Kamarajar Road Cross Street (Periya Sekkadu)?

The current guideline value of Kamarajar Road Cross Street (Periya Sekkadu) is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, and then increased to Rs 1,600 per sq.ft in 2024. This reflects a 33% increase overall from 2012 to 2024.

What is the land classification for Kamarajar Road Cross Street (Periya Sekkadu)?

Kamarajar Road Cross Street (Periya Sekkadu) is classified as Residential Class II Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 16,00,000, the stamp duty would be Rs 1,12,000 and the registration fee would be Rs 32,000, totaling Rs 1,44,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Kamarajar Road Cross Street (Periya Sekkadu)?

The Madhavaram Sub Registrar Office covers Kamarajar Road Cross Street (Periya Sekkadu), located at No.7, Roja Nagar, Madhavaram, Chennai-600060.