Guideline Value for Kamarajar Salai Ch-78

Kamarajar Salai Ch-78 guideline value

The current guideline value of Kamarajar Salai Ch-78 is Rs 8,800 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village and falls under the Ashok Nagar SRO. The land classification for this area is Mixed Type - I.

How the guideline value of Kamarajar Salai Ch-78 has changed

The guideline value for Kamarajar Salai Ch-78 has undergone several revisions over the years. The 2007 revision set the value at Rs 1,460 per sq.ft, which significantly increased to Rs 8,000 per sq.ft in both the 2012 and 2023 revisions. However, from 2023 to 2024, the value saw a 10% increase, bringing it to Rs 8,800 per sq.ft.

Overall, from the 2007 revision to the current 2024 figure, there has been a substantial increase of 503%. It is important to note that there are no figures available for the years 2002, 2003, and 2017 for this street in the register.

Guideline values in Kodambakkam

Kodambakkam has a total of 1,031 streets under the Ashok Nagar SRO, with 2024 guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 4,900 per sq.ft, indicating that Kamarajar Salai Ch-78's 2024 figure is above this median.

• Kamarajar Salai (Block 29) Ashok Nagar: Rs 8,800 per sq.ft (2024)
• Kamarajar Street Ch-78(M.G.R): Rs 3,300 per sq.ft (2024)
• Kamarajar Street (JPT): Rs 4,100 per sq.ft (2024)
• Kamarajar Colony 9th Street: Rs 4,100 per sq.ft (2024)
• Kamarajar Colony 8th Street: Rs 4,100 per sq.ft (2024)
• Kamarajar Colony 7th Street: Rs 4,100 per sq.ft (2024)

Stamp duty and registration fee for property in Kamarajar Salai Ch-78

For a 1,000 sq.ft plot at the current guideline value of Rs 8,800 per sq.ft, the total guideline value amounts to Rs 88,00,000. The stamp duty at 7% would be Rs 6,16,000, while the registration fee at 2% would be Rs 1,76,000, leading to a total of Rs 7,92,000. Please 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 Ch-78?

Kamarajar Salai Ch-78 is covered by the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Kodambakkam. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government collects appropriate taxes on property sales.

When buying or selling property, it is essential to be aware of the current guideline value as it directly impacts the overall cost of the transaction. Buyers should ensure that they are informed about the guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Kamarajar Salai Ch-78?

The current guideline value of Kamarajar Salai Ch-78 is Rs 8,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,460 per sq.ft in 2007 to Rs 8,800 per sq.ft in 2024, marking an overall increase of 503% over the years.

What is the land classification for Kamarajar Salai Ch-78?

The land classification for Kamarajar Salai Ch-78 is Mixed Type - I, as per the guidelines set by the authorities.

Where is the Ashok Nagar Sub Registrar Office located?

The Ashok Nagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.

How is stamp duty calculated for properties in Kamarajar Salai Ch-78?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 8,800 per sq.ft, the total guideline value would be Rs 88,00,000.