Guideline Value for Kamarajar Salai Main Road

Kamarajar Salai Main Road guideline value

The current guideline value of Kamarajar Salai Main Road in Periyakuppam village is Rs 1,650 per sq.ft, effective from 1 July 2024. This property falls under the Tiruvallur Joint 1 SRO and is classified as Residential Class I Type - I.

How the guideline value of Kamarajar Salai Main Road has changed

The guideline value for Kamarajar Salai Main Road has undergone several revisions over the years. In 2007, the value was set at Rs 200 per sq.ft. This increased significantly to Rs 1,500 per sq.ft in 2012, marking a substantial rise of 650%. However, the value saw a decrease to Rs 1,005 per sq.ft in 2017, which was a drop of 33%. The subsequent revision in 2023 brought the value back up to Rs 1,500 per sq.ft, followed by a further increase to Rs 1,650 per sq.ft in 2024, reflecting a 10% rise.

Between 2017 and 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, the guideline value has risen by 725%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Periyakuppam

In Periyakuppam, there are 105 streets under the Tiruvallur Joint 1 SRO, with 2024 guideline values ranging from Rs 550 to Rs 3,300 per sq.ft. The median value is Rs 1,100 per sq.ft, and Kamarajar Salai Main Road's 2024 figure is above this median.

• Kamarajar Street: Rs 1,650 per sq.ft (2024)
• Kamaraja Puram: Rs 1,320 per sq.ft (2024)
• Kalamegam Street: Rs 550 per sq.ft (2024)
• Kalaivanar Street: Rs 1,100 per sq.ft (2024)
• Kabilar Street: Rs 550 per sq.ft (2024)
• Jothi Ramalingam Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Kamarajar Salai Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, making the total cost for these charges Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kamarajar Salai Main Road?

The Kamarajar Salai Main Road is covered by the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.N. Road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Periyakuppam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees. This value is referenced during the sale or purchase of properties to ascertain the legal obligations of both parties involved.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Kamarajar Salai Main Road?

The current guideline value of Kamarajar Salai Main Road 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 significantly, from Rs 200 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, reflecting an overall increase of 725% over the years.

What is the median guideline value in Periyakuppam?

The median guideline value in Periyakuppam is Rs 1,100 per sq.ft, with Kamarajar Salai Main Road's 2024 figure being above this median.

What are the stamp duty rates for properties in Kamarajar Salai Main Road?

The stamp duty for properties in Kamarajar Salai Main Road is charged at a rate of 7% on the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Kamarajar Salai Main Road?

The Sub Registrar Office covering Kamarajar Salai Main Road is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.N. Road, Taluk Office Compound, Thiruvallur-602001.