Guideline Value for Kamarajar Salai 1st Cross Street

Kamarajar Salai 1st Cross Street guideline value

The current guideline value of Kamarajar Salai 1st Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village, under the Madhavaram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Kamarajar Salai 1st Cross Street has changed

The guideline value for Kamarajar Salai 1st Cross Street has undergone several revisions. The 2017 revision set the value at Rs 1,340 per sq.ft. The most recent 2024 revision increased this value to Rs 2,200 per sq.ft, marking a significant increase of 64% from the previous figure.

There are no recorded figures for the years 2023, 2012, 2007, 2003, and 2002 for this street. Therefore, the only available revisions are from 2017 and 2024.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,900 to Rs 4,000 per sq.ft, with a median value of Rs 2,700 per sq.ft. The guideline value of Kamarajar Salai 1st Cross Street is below this median.

• Kamarajar Salai 10th Lane: Rs 1,900 per sq.ft (2024)
• Kamarajar Salai 1st Lane: Rs 1,900 per sq.ft (2024)
• Kamarajar Salai 2nd Cross Street: Rs 2,200 per sq.ft (2024)
• Kamarajar Salai 2nd Lane: Rs 1,900 per sq.ft (2024)
• Kamarajar Salai 3rd Cross Street: Rs 2,200 per sq.ft (2024)
• Kamarajar Salai 3rd Lane: Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in Kamarajar Salai 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamarajar Salai 1st Cross Street?

The Kamarajar Salai 1st Cross Street is covered by the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more details.

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

The guideline value serves as a basis for determining the stamp duty and registration fees when buying or selling property in Kodungaiyur. It is essential for both buyers and sellers to understand that this value is crucial for the registration process.

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

Frequently asked questions

What is the current guideline value of Kamarajar Salai 1st Cross Street?

The current guideline value of Kamarajar Salai 1st Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 1,340 per sq.ft to Rs 2,200 per sq.ft, reflecting a change of 64%.

Are there any years without recorded guideline values for this street?

Yes, there are no recorded guideline values for Kamarajar Salai 1st Cross Street for the years 2023, 2012, 2007, 2003, and 2002.

What is the registration office for Kamarajar Salai 1st Cross Street?

The registration office for Kamarajar Salai 1st Cross Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is stamp duty calculated for properties in Kodungaiyur?

Stamp duty for properties in Kodungaiyur is calculated based on the higher of the guideline value or the sale price. For example, a property with a guideline value of Rs 22,00,000 would incur a stamp duty of Rs 1,54,000 at 7%.