Guideline Value for Kamarajar Salai

Kamarajar Salai guideline value

The current guideline value of Kamarajar Salai is Rs 150 per sq.ft, effective from 1 July 2024. This street is located in Malaipattu village, under the Sunguvarchattram SRO, and falls under the Residential Class IV Type - I land classification.

How the guideline value of Kamarajar Salai has changed

The guideline value for Kamarajar Salai has undergone several revisions over the years. In 2012, the guideline value was set at Rs 150 per sq.ft. The value then decreased to Rs 100 per sq.ft in 2017, reflecting a 33% drop. However, from 2017 to 2023, the value increased by 50% to Rs 150 per sq.ft. The 2024 revision maintains this value at Rs 150 per sq.ft, showing no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for Kamarajar Salai. The overall change from 2012 to 2024 is a net increase of 0%.

Guideline values in Malaipattu

Malaipattu village has a total of 36 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 1,181 per sq.ft. The median guideline value for these streets is Rs 200 per sq.ft, placing Kamarajar Salai's 2024 figure below that median.

• Kalaizhnar Street: Rs 150 per sq.ft (2024)
• Kanniamman street: Rs 181 per sq.ft (2024)
• Krishnamoorthy Salai: Rs 200 per sq.ft (2024)
• Kullakarai Street: Rs 150 per sq.ft (2024)
• Lakshmi Land: Rs 150 per sq.ft (2024)
• Golden City: Rs 441 per sq.ft (2024)

Stamp duty and registration fee for property in Kamarajar Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, bringing the total charges to Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamarajar Salai?

Kamarajar Salai falls under the jurisdiction of the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor in the registration process when buying or selling property in Malaipattu. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Kamarajar Salai?

The current guideline value of Kamarajar Salai is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2012 to Rs 100 per sq.ft in 2017, then back to Rs 150 per sq.ft in 2023 and 2024. Overall, there has been no increase from 2012 to 2024.

What are the other streets in Malaipattu with their guideline values?

Other streets in Malaipattu include Kalaizhnar Street at Rs 150 per sq.ft, Kanniamman street at Rs 181 per sq.ft, and Krishnamoorthy Salai at Rs 200 per sq.ft, among others.

What are the stamp duty and registration fees for property in Kamarajar Salai?

For a 1,000 sq.ft plot valued at Rs 1,50,000, the stamp duty would be Rs 10,500 and the registration fee would be Rs 3,000, totaling Rs 13,500. These fees are based on the higher of the guideline value or the sale price.

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

The Sub Registrar Office covering Kamarajar Salai is located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find more details by visiting the provided link.