Guideline Value for Kamarajar Salai 3rd Lane

Kamarajar Salai 3rd Lane guideline value

The current guideline value of Kamarajar Salai 3rd Lane is Rs 1,900 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village under the Madhavaram SRO, classified as Residential Class III Type - I.

How the guideline value of Kamarajar Salai 3rd Lane has changed

The guideline value for Kamarajar Salai 3rd Lane has undergone several revisions over the years. The 2012 revision set the value at Rs 1,800 per sq.ft, while the most recent 2024 revision increased it to Rs 1,900 per sq.ft, marking a change of +6%. The register has no figures for the years 2003, 2007, 2017, and 2023.

From 2012 to 2024, the guideline value increased from Rs 1,800 to Rs 1,900 per sq.ft. The previous revisions, including those from 2002, 2003, 2007, 2012, 2017, and 2023, do not provide specific figures for this street, highlighting the limited data available for Kamarajar Salai 3rd Lane.

Guideline values in Kodungaiyur

Kodungaiyur features a total of 1,318 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median guideline value in this area is Rs 2,700 per sq.ft, placing Kamarajar Salai 3rd Lane's 2024 figure below the median.

• Kamarajar Salai 4th Cross Street: Rs 2,200 per sq.ft (2024)
• Kamarajar Salai 3rd Cross Street: Rs 2,200 per sq.ft (2024)
• Kamarajar Salai 2nd Lane: Rs 1,900 per sq.ft (2024)
• Kamarajar Salai 4th Lane: Rs 1,900 per sq.ft (2024)
• Kamarajar Salai 5th Cross Street: Rs 2,200 per sq.ft (2024)
• Kamarajar Salai 2nd Cross Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Kamarajar Salai 3rd Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value amounts to Rs 19,00,000. The stamp duty, charged at 7%, would be Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, bringing the total cost to Rs 1,71,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kamarajar Salai 3rd Lane?

The Kamarajar Salai 3rd Lane falls under the Madhavaram Sub Registrar Office located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Kodungaiyur. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When a property is sold, the buyer must pay the stamp duty based on either the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

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

The current guideline value of Kamarajar Salai 3rd 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 for Kamarajar Salai 3rd Lane was Rs 1,800 per sq.ft in 2012 and increased to Rs 1,900 per sq.ft in 2024, reflecting a change of +6%. There are no figures available for the years 2003, 2007, 2017, and 2023.

What is the median guideline value in Kodungaiyur?

The median guideline value in Kodungaiyur is Rs 2,700 per sq.ft, while Kamarajar Salai 3rd Lane's 2024 figure is below this median.

What are the stamp duty rates for properties in Kamarajar Salai 3rd Lane?

The stamp duty for properties in Kamarajar Salai 3rd Lane is charged at 7% of the guideline value or sale price, whichever is higher. The registration fee is charged at 2%.

Which office handles property registrations for Kamarajar Salai 3rd Lane?

The Madhavaram Sub Registrar Office handles property registrations for Kamarajar Salai 3rd Lane, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.