Guideline Value for Kamarajar Salai 2nd Lane

Kamarajar Salai 2nd Lane guideline value

The current guideline value of Kamarajar Salai 2nd Lane is Rs 1,900 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village under the Madhavaram SRO, and it falls under the Residential Class III Type - I land classification.

How the guideline value of Kamarajar Salai 2nd Lane has changed

The guideline value for Kamarajar Salai 2nd Lane has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,900 per sq.ft, an increase from Rs 1,800 per sq.ft in the 2012 revision, which represents a change of +6%. The register has no figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

In summary, the only available figures for Kamarajar Salai 2nd Lane are from the 2012 and 2024 revisions. The transition from 2012 to 2024 indicates a steady increase in the guideline value, reflecting changes in the local real estate landscape.

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. Kamarajar Salai 2nd Lane's 2024 guideline value is below this median.

• Kamarajar Salai 3rd Cross Street: Rs 2,200 per sq.ft (2024)
• Kamarajar Salai 2nd Cross Street: Rs 2,200 per sq.ft (2024)
• Kamarajar Salai 1st Lane: Rs 1,900 per sq.ft (2024)
• Kamarajar Salai 3rd Lane: Rs 1,900 per sq.ft (2024)
• Kamarajar Salai 4th Cross Street: Rs 2,200 per sq.ft (2024)
• Kamarajar Salai 1st Cross Street: Rs 2,200 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value would be Rs 19,00,000. The stamp duty at 7% would amount to Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, bringing the total to Rs 1,71,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamarajar Salai 2nd Lane?

The Kamarajar Salai 2nd Lane 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 is a crucial factor when registering a property in Kodungaiyur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When buying or selling property, the guideline value helps ensure that the transaction is conducted at a fair value as determined by the local authorities. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

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

The current guideline value of Kamarajar Salai 2nd Lane is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 1,800 per sq.ft in 2012 to Rs 1,900 per sq.ft in 2024, marking a +6% change. There are no available figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

What is the median guideline value in Kodungaiyur?

The median guideline value in Kodungaiyur is Rs 2,700 per sq.ft as of 2024. Kamarajar Salai 2nd Lane's guideline value is below this median.

What are the stamp duty and registration fees for Kamarajar Salai 2nd Lane?

For a property valued at Rs 19,00,000, the stamp duty would be Rs 1,33,000 and the registration fee would be Rs 38,000, totaling Rs 1,71,000. The duty is charged on the higher of the guideline value or the sale price.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles the registration of properties in the Kamarajar Salai 2nd Lane area.