Guideline Value for Kamarajar Salai 5th Cross Street

Kamarajar Salai 5th Cross Street guideline value

The current guideline value of Kamarajar Salai 5th 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, classified as Residential Special Type - I.

How the guideline value of Kamarajar Salai 5th Cross Street has changed

The guideline value for Kamarajar Salai 5th Cross Street has undergone several revisions over the years. In 2007, the guideline value was Rs 600 per sq.ft, which increased to Rs 1,500 per sq.ft in 2012, marking a significant rise of 150%. However, the value decreased to Rs 1,005 per sq.ft in 2017, reflecting a decline of 33%. The most recent revision in 2023 set the guideline value at Rs 1,500 per sq.ft, which then increased by 10% to Rs 1,650 per sq.ft in 2024.

Overall, from 2007 to 2024, the guideline value has increased by 175%. Notably, there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Manjampakkam

In Manjampakkam, there are 11 streets under the Redhills SRO that have 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 matches the current guideline value of Kamarajar Salai 5th Cross Street.

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

Which Sub Registrar Office covers Kamarajar Salai 5th Cross Street?

The Kamarajar Salai 5th Cross Street falls under the jurisdiction of the Redhills Sub Registrar Office. The address is Sub Registrar Office, 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 in property transactions in Manjampakkam. It serves as the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps determine the financial obligations involved in the transaction. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations and to facilitate a smooth registration process.

Frequently asked questions

What is the current guideline value of Kamarajar Salai 5th Cross Street?

The current guideline value of Kamarajar Salai 5th 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 land classification for Kamarajar Salai 5th Cross Street?

Kamarajar Salai 5th Cross Street is classified as Residential Special Type - I, indicating its suitability for residential development.

Where can I find the registration office for this street?

The Redhills Sub Registrar Office covers Kamarajar Salai 5th Cross Street, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 16,50,000 would incur a stamp duty of Rs 1,15,500 at a rate of 7%.