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Guideline Value

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Guideline Value for Kamarajar Salai 4th Cross Street

₹1650/sq.ft.

The guideline value for Kamarajar Salai 4th Cross Street in Manjampakkam village (Redhills SRO, Chennai zone) is Rs 1650 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Manjampakkam

Village

Redhills

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹1650 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹600 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Kamarajar Salai 4th Cross Street

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Kamarajar Salai 4th Cross Street guideline value

The current guideline value of Kamarajar Salai 4th 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 the land classification is Residential Special Type - I.

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

The guideline value for Kamarajar Salai 4th Cross Street has seen several revisions over the years. In the 2007 revision, the value was Rs 600 per sq.ft, which increased to Rs 1,500 per sq.ft in 2012. However, it decreased to Rs 1,005 per sq.ft in 2017. The subsequent revision in 2023 raised the value to Rs 1,500 per sq.ft, and the most recent revision in 2024 set it at Rs 1,650 per sq.ft. The register has no figures for the years 2002 and 2003.

From 2017 to 2023, there was a significant increase of 49%. The 2023 to 2024 revision saw an increase of 10%. Notably, from 2007 to 2024, the overall increase in guideline value is 175%, reflecting the changes in the property landscape over the years.

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 2024 figure for Kamarajar Salai 4th Cross Street.

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 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. It is important to note that the stamp duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers Kamarajar Salai 4th Cross Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Manjampakkam. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these charges are calculated based on a standardized value set by the Registration Department.

When a property transaction occurs, the buyer and seller must adhere to the guideline value to ensure compliance with legal requirements. This value is essential for both parties 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 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 is the median guideline value for streets in Manjampakkam?

The median guideline value for streets in Manjampakkam is Rs 1,650 per sq.ft, which is the same as the 2024 figure for Kamarajar Salai 4th Cross Street.

How is stamp duty calculated for properties in Kamarajar Salai 4th Cross Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 1,15,500 based on the current guideline value.

Where can I find the Sub Registrar Office for Kamarajar Salai 4th Cross Street?

The Sub Registrar Office covering Kamarajar Salai 4th Cross Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.