Guideline Value for Kamarajar Salai 3rd Cross Street

Kamarajar Salai 3rd Cross Street guideline value

The current guideline value of Kamarajar Salai 3rd Cross Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Manjampakkam village and falls under the Redhills SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Kamarajar Salai 3rd Cross Street has changed

Over the years, the guideline value of Kamarajar Salai 3rd Cross Street has seen several revisions. The 2007 revision set the value at Rs 600 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012. However, there was a decrease to Rs 1,005 per sq.ft in 2017. The 2023 revision raised the value to Rs 1,500 per sq.ft, and the current 2024 revision reflects a further increase to Rs 1,650 per sq.ft.

From 2017 to 2023, the guideline value increased by 49%, followed by a 10% rise from 2023 to 2024. Notably, there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has risen by 175%.

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, with the median value being Rs 1,650 per sq.ft. Kamarajar Salai 3rd Cross Street's 2024 figure aligns with this median.

• Kamarajar Salai 2nd Cross Street: Rs 1,650 per sq.ft (2024)
• Kamarajar Salai 4th Cross Street: Rs 1,650 per sq.ft (2024)
• Kamarajar Salai 1st Cross Street: Rs 1,650 per sq.ft (2024)
• Kamarajar Salai 5th Cross Street: Rs 1,650 per sq.ft (2024)
• Kamarajar Salai: 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 3rd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total 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. Together, these fees would total 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 our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Kamarajar Salai 3rd Cross Street?

Kamarajar Salai 3rd Cross Street is covered by the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during the registration of property transactions in Manjampakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the transaction is transparent and in accordance with government regulations.

When buying or selling property, the guideline value will influence the stamp duty and registration fees applicable to the transaction. Buyers should be aware that these costs are based on the higher of the guideline value or the actual sale price, which can impact the overall financial commitment involved in the purchase.

Frequently asked questions

What is the current guideline value of Kamarajar Salai 3rd Cross Street?

The current guideline value of Kamarajar Salai 3rd 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, marking an overall increase of 175% over the years.

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

Other streets in Manjampakkam that share the same guideline value of Rs 1,650 per sq.ft include Kamarajar Salai 1st Cross Street, Kamarajar Salai 2nd Cross Street, Kamarajar Salai 4th Cross Street, Kamarajar Salai 5th Cross Street, Kamarajar Salai, and Ennore Salai.

What is the registration fee for properties in Kamarajar Salai 3rd Cross Street?

The registration fee for properties in Kamarajar Salai 3rd Cross Street is calculated at 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Kamarajar Salai 3rd Cross Street?

The Sub Registrar Office covering Kamarajar Salai 3rd Cross Street is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.