Guideline Value for Kamarajar Salai 8th Lane

Kamarajar Salai 8th Lane guideline value

The current guideline value of Kamarajar Salai 8th 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 8th Lane has changed

The guideline value for Kamarajar Salai 8th Lane has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,900 per sq.ft, an increase from the 2023 revision which was Rs 1,800 per sq.ft. There were no figures available for the years 2017, 2007, 2003, and 2002. Prior to 2023, the value remained unchanged since 2012, which also had a figure of Rs 1,800 per sq.ft.

From 2012 to 2024, the overall change in the guideline value is an increase of 6%. The change from 2023 to 2024 represents a 6% increase as well, indicating a consistent upward adjustment in the value over the last two years.

Guideline values in Kodungaiyur

Kodungaiyur has a total of 1,318 streets under the Madhavaram SRO, with 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, making the 2024 figure for Kamarajar Salai 8th Lane below the median.

• Kamarajar Salai 7th Lane: Rs 1,900 per sq.ft (2024)
• Kamarajar Salai 9th Lane: Rs 1,900 per sq.ft (2024)
• Kamarajar Salai 6th Lane: Rs 1,900 per sq.ft (2024)
• Kamarajar Salai 5th Lane: Rs 1,900 per sq.ft (2024)
• Kamarajar Salai 5th Cross Street: Rs 2,200 per sq.ft (2024)
• Kamarajar Salai / High Road: Rs 3,301 per sq.ft (2024)

Stamp duty and registration fee for property in Kamarajar Salai 8th 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, bringing the total fees together to Rs 1,71,000. It is important to note that 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 accurate estimates.

Which Sub Registrar Office covers Kamarajar Salai 8th Lane?

The Kamarajar Salai 8th Lane is covered by the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. To find your SRO, visit find your SRO.

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

The guideline value plays a crucial role when buying or selling property in Kodungaiyur. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration. Buyers should be aware that the guideline value is often considered the minimum value for property transactions.

When a property is sold, the guideline value helps in ensuring that the transaction is recorded accurately and that the appropriate taxes are collected. It is essential for both buyers and sellers to be familiar with the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kamarajar Salai 8th Lane?

The current guideline value of Kamarajar Salai 8th 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 an increase from Rs 1,800 per sq.ft in 2023 to Rs 1,900 per sq.ft in 2024, which is a 6% increase. The value remained unchanged at Rs 1,800 per sq.ft from 2012 to 2023.

What is the land classification for Kamarajar Salai 8th Lane?

Kamarajar Salai 8th Lane is classified as Residential Class III Type - I. This classification affects the guideline value and the applicable regulations for property transactions.

Where can I find the Sub Registrar Office for Kamarajar Salai 8th Lane?

The Madhavaram Sub Registrar Office covers Kamarajar Salai 8th Lane and is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What fees are associated with buying property in Kamarajar Salai 8th Lane?

When buying property in Kamarajar Salai 8th Lane, buyers must pay a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.