Guideline Value for Kamarajar Salai 4th Cross Street

Kamarajar Salai 4th Cross Street guideline value

The current guideline value of Kamarajar Salai 4th 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. The land classification for this area is Residential Class II Type - I.

How the guideline value of Kamarajar Salai 4th Cross Street has changed

The guideline value for Kamarajar Salai 4th Cross Street has undergone several revisions over the years. The earliest recorded revision is from 2017, where the guideline value was Rs 1,340 per sq.ft. In the latest revision of 2024, the guideline value increased to Rs 2,200 per sq.ft, reflecting a significant change of +64% from the previous figure.

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

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO that have 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 4th Cross Street is below this median.

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

Stamp duty and registration fee for property in Kamarajar Salai 4th 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 amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to 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.

You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Kamarajar Salai 4th Cross Street?

The Kamarajar Salai 4th Cross Street falls under 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 plays a crucial role in property transactions in Kodungaiyur. It is used to determine the stamp duty and registration fees applicable during the sale or purchase of a property. Buyers and sellers must consider this value to ensure compliance with local regulations.

When registering a property, the guideline value serves as a benchmark for the transaction, ensuring that the government receives the appropriate revenue from property sales. This value is essential for both buyers and sellers to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Kamarajar Salai 4th Cross Street?

The current guideline value of Kamarajar Salai 4th 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, which is a change of +64%.

Are there any years with no recorded guideline value for this street?

Yes, there are no recorded guideline values for Kamarajar Salai 4th Cross Street for the years 2023, 2012, 2007, 2003, and 2002.

What is the median guideline value for streets in Kodungaiyur?

The median guideline value for streets in Kodungaiyur is Rs 2,700 per sq.ft, and Kamarajar Salai 4th Cross Street's value is below this median.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.