Guideline Value for Kamarajar Salai 2nd Cross Street

Kamarajar Salai 2nd Cross Street guideline value

The current guideline value of Kamarajar Salai 2nd Cross Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Manjampakkam village under the Redhills SRO, and is classified as Residential Special Type - I.

How the guideline value of Kamarajar Salai 2nd Cross Street has changed

The guideline value for Kamarajar Salai 2nd Cross Street has seen several revisions over the years. In 2007, the value was Rs 600 per sq.ft, which increased to Rs 1,500 per sq.ft in 2012. However, it then dropped to Rs 1,005 per sq.ft in 2017. The 2023 revision set the value at Rs 1,500 per sq.ft, and the most recent revision in 2024 raised it to Rs 1,650 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 175%. The revisions for the years 2002 and 2003 do not have any figures recorded for this street.

Guideline values in Manjampakkam

In Manjampakkam, there are 11 streets under the Redhills SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 1,650 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, which is equal to the guideline value of Kamarajar Salai 2nd Cross Street.

• Kamarajar Salai 1st Cross Street: Rs 1,650 per sq.ft (2024)
• Kamarajar Salai 3rd Cross Street: Rs 1,650 per sq.ft (2024)
• Kamarajar Salai 4th Cross Street: Rs 1,650 per sq.ft (2024)
• Kamarajar Salai: Rs 1,650 per sq.ft (2024)
• Kamarajar Salai 5th Cross Street: Rs 1,650 per sq.ft (2024)
• Ennore Salai: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Kamarajar Salai 2nd Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 1,650 per sq.ft, the guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, totaling Rs 1,48,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Kamarajar Salai 2nd Cross Street?

The Kamarajar Salai 2nd Cross Street falls under the jurisdiction of the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Manjampakkam, as it determines the minimum value at which a property can be registered. It is used to calculate the stamp duty and registration fees that buyers need to pay when purchasing a property.

When selling a property, the guideline value helps in establishing a baseline for negotiations and ensures that the transaction is documented at a value recognized by the government. This process helps maintain transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value of Kamarajar Salai 2nd Cross Street?

The current guideline value of Kamarajar Salai 2nd Cross Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, reflecting an overall increase of 175% over the years.

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

Other streets in Manjampakkam with a guideline value of Rs 1,650 per sq.ft include Kamarajar Salai 1st Cross Street, Kamarajar Salai 3rd Cross Street, Kamarajar Salai 4th Cross Street, Kamarajar Salai, Kamarajar Salai 5th Cross Street, and Ennore Salai.

What fees are applicable when buying property in Kamarajar Salai 2nd Cross Street?

When buying property in Kamarajar Salai 2nd Cross Street, the applicable fees include stamp duty at 7% of the guideline value and a registration fee at 2% of the guideline value.

Where can I find the Sub Registrar Office for Kamarajar Salai 2nd Cross Street?

The Sub Registrar Office for Kamarajar Salai 2nd Cross Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.