Guideline Value for Kamarajar Road

Kamarajar Road guideline value

The current guideline value of Kamarajar Road in Thalakanancherry village is Rs 2,800 per sq.ft, effective from 1 July 2024. This street falls under the Alandur Sub Registrar Office (SRO) and is classified as Residential Class II Type - II.

How the guideline value of Kamarajar Road has changed

The guideline value for Kamarajar Road has seen several revisions over the years. In 2007, it was set at Rs 700 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012, marking a 257% rise. However, from 2012 to 2017, the value decreased to Rs 1,675 per sq.ft, representing a 33% drop. The value then rose to Rs 2,500 per sq.ft in 2023, a 49% increase, and is now Rs 2,800 per sq.ft in 2024, reflecting a 12% rise from the previous year.

It is important to note that the guideline value register does not have figures for Kamarajar Road for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 300%.

Guideline values in Thalakanancherry

In Thalakanancherry, there are 318 streets under the Alandur SRO, with guideline values ranging from Rs 2,200 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 3,900 per sq.ft, indicating that Kamarajar Road's 2024 figure is below this median.

• Kamaraj Street: Rs 2,800 per sq.ft (2024)
• Kalaimathi Nagar Main: Rs 2,800 per sq.ft (2024)
• Kalaimathi Nagar 3rd Street: Rs 2,800 per sq.ft (2024)
• Kalaimathi Nagar 3rd Cross Street: Rs 2,800 per sq.ft (2024)
• Kalaimathi Nagar 2nd Street: Rs 2,800 per sq.ft (2024)
• Kalaimathi Nagar 1st Street: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Kamarajar Road

For a 1,000 sq.ft plot at the current rate of Rs 2,800 per sq.ft, the guideline value amounts to Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, totaling Rs 2,52,000. 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 further calculations.

Which Sub Registrar Office covers Kamarajar Road?

Kamarajar Road is covered by the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Thalakanancherry. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial implications associated with the sale, as the duty is charged on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Kamarajar Road?

The current guideline value of Kamarajar Road is Rs 2,800 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 2,800 per sq.ft in 2024, reflecting a total increase of 300% over the years.

What are the other streets with the same guideline value in Thalakanancherry?

Other streets in Thalakanancherry with the same guideline value of Rs 2,800 per sq.ft include Kamaraj Street, Kalaimathi Nagar Main, Kalaimathi Nagar 3rd Street, Kalaimathi Nagar 3rd Cross Street, Kalaimathi Nagar 2nd Street, and Kalaimathi Nagar 1st Street.

What fees are associated with buying property in Kamarajar Road?

When buying property on Kamarajar Road, you will incur a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Kamarajar Road?

The Sub Registrar Office covering Kamarajar Road is the Alandur SRO, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.