Guideline Value for Kamarajar Salai 5th Lane

Kamarajar Salai 5th Lane guideline value

The current guideline value of Kamarajar Salai 5th Lane is Rs 1,900 per sq.ft. 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 5th Lane has changed

The guideline value for Kamarajar Salai 5th Lane has undergone several revisions over the years. The most recent revision took place in 2024, where the guideline value was set at Rs 1,900 per sq.ft, reflecting a 6% increase from the 2023 revision of Rs 1,800 per sq.ft. Prior to that, the guideline value remained unchanged at Rs 1,800 per sq.ft from the 2012 revision to the 2023 revision.

There are no figures available for the years 2002, 2003, 2007, and 2017 in the register for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 6%.

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. Kamarajar Salai 5th Lane's 2024 figure is below this median.

• Kamarajar Salai 6th Lane: Rs 1,900 per sq.ft (2024)
• Kamarajar Salai 5th Cross Street: Rs 2,200 per sq.ft (2024)
• Kamarajar Salai 7th Lane: Rs 1,900 per sq.ft (2024)
• Kamarajar Salai 4th Lane: Rs 1,900 per sq.ft (2024)
• Kamarajar Salai 8th Lane: Rs 1,900 per sq.ft (2024)
• Kamarajar Salai 9th Lane: Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in Kamarajar Salai 5th Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value would be Rs 19,00,000. The stamp duty at 7% would amount to Rs 1,33,000, while the registration fee at 2% would be Rs 38,000, making the total cost Rs 1,71,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kamarajar Salai 5th Lane?

The Sub Registrar Office that covers Kamarajar Salai 5th Lane is 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 plays a crucial role in property transactions in Kodungaiyur. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, it is essential to be aware of the guideline value, as it influences the costs associated with registration. Buyers should ensure that they are prepared to pay the stamp duty and registration fees based on this value.

Frequently asked questions

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

The current guideline value of Kamarajar Salai 5th 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 has seen a 6% increase from Rs 1,800 per sq.ft in 2023 to Rs 1,900 per sq.ft in 2024. There were no changes in the guideline value from 2012 to 2023.

What is the land classification of Kamarajar Salai 5th Lane?

Kamarajar Salai 5th Lane is classified as Residential Class III Type - I.

What is the registration office for Kamarajar Salai 5th Lane?

The registration office for Kamarajar Salai 5th Lane is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is stamp duty calculated for properties in Kamarajar Salai 5th Lane?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 19,00,000 would incur a stamp duty of Rs 1,33,000.