Guideline Value for Kamarajar Salai 9th Lane

Kamarajar Salai 9th Lane guideline value

The current guideline value of Kamarajar Salai 9th Lane in Kodungaiyur village is Rs 1,900 per sq.ft, effective from 1 July 2024. This property falls under the Madhavaram SRO and is classified as Residential Class III Type - I.

How the guideline value of Kamarajar Salai 9th Lane has changed

The guideline value for Kamarajar Salai 9th Lane has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,900 per sq.ft, which is an increase of 6% from the 2023 revision of Rs 1,800 per sq.ft. Prior to that, the 2012 revision also recorded Rs 1,800 per sq.ft, indicating no change from 2012 to 2023.

It is important to note that there are no figures available for the revisions in the years 2002, 2003, 2007, and 2017 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 6%.

Guideline values in Kodungaiyur

Kodungaiyur has a total of 1318 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median guideline value in this area is Rs 2,700 per sq.ft, making the 2024 figure for Kamarajar Salai 9th Lane below the median.

• Kamarajar Salai 8th Lane: Rs 1,900 per sq.ft (2024)
• Kamarajar Salai 7th 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 / High Road: Rs 3,301 per sq.ft (2024)
• Kamarajar Salai 5th Cross Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Kamarajar Salai 9th 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 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 precise calculations.

Which Sub Registrar Office covers Kamarajar Salai 9th Lane?

The Kamarajar Salai 9th Lane falls under the Madhavaram Sub Registrar Office located at No.7, Roja Nagar, Madhavaram, Chennai-600060. For more information, you can find your SRO.

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

The guideline value is a crucial factor during property registration in Kodungaiyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When you register a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kamarajar Salai 9th Lane?

The current guideline value of Kamarajar Salai 9th 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 increased from Rs 1,800 per sq.ft in 2023 to Rs 1,900 per sq.ft in 2024, marking a 6% increase. There was no change from 2012 to 2023, where the value remained at Rs 1,800 per sq.ft.

What is the land classification for Kamarajar Salai 9th Lane?

Kamarajar Salai 9th Lane is classified as Residential Class III Type - I under the Madhavaram SRO.

What are the stamp duty and registration fees for properties in this area?

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.

Which office handles registrations for Kamarajar Salai 9th Lane?

The Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060, handles registrations for Kamarajar Salai 9th Lane.