Guideline Value for Kamarajar Salai 4th Lane

Kamarajar Salai 4th Lane guideline value

The current guideline value of Kamarajar Salai 4th 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 4th Lane has changed

The guideline value for Kamarajar Salai 4th Lane has undergone several revisions over the years. The 2012 revision set the value at Rs 1,800 per sq.ft. In the latest 2024 revision, the value increased to Rs 1,900 per sq.ft, marking a change of +6% from the previous figure.

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

Guideline values in Kodungaiyur

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

• Kamarajar Salai 5th Cross Street: Rs 2,200 per sq.ft (2024)
• Kamarajar Salai 4th Cross Street: Rs 2,200 per sq.ft (2024)
• Kamarajar Salai 3rd Lane: Rs 1,900 per sq.ft (2024)
• Kamarajar Salai 5th Lane: Rs 1,900 per sq.ft (2024)
• Kamarajar Salai 6th Lane: Rs 1,900 per sq.ft (2024)
• Kamarajar Salai 3rd Cross Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Kamarajar Salai 4th 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 at 7% would be Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, leading to a total of Rs 1,71,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kamarajar Salai 4th Lane?

The Kamarajar Salai 4th 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 in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Kodungaiyur, this value is used to calculate stamp duty and registration fees, ensuring that these costs are based on a standardized assessment of property worth.

Buyers and sellers should be aware that the guideline value may differ from the actual sale price. However, the registration process will always consider the higher of the two values to ensure compliance with legal requirements.

Frequently asked questions

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

The current guideline value of Kamarajar Salai 4th 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 changed from Rs 1,800 per sq.ft in 2012 to Rs 1,900 per sq.ft in 2024, reflecting a +6% increase. There are no figures available for the revisions in 2023, 2017, 2007, 2003, and 2002 for this street.

What is the classification of land in Kamarajar Salai 4th Lane?

Kamarajar Salai 4th Lane is classified as Residential Class III Type - I, indicating its designation for residential use within the area.

What are the stamp duty and registration fees for properties here?

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. These fees are calculated based on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Kamarajar Salai 4th Lane located?

The Madhavaram Sub Registrar Office, which covers Kamarajar Salai 4th Lane, is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.