Guideline Value for Kamarajar St (maruthi Nagar)

Kamarajar St (maruthi Nagar) guideline value

The current guideline value of Kamarajar St (maruthi Nagar) is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village under the Ambattur SRO, classified as Residential Class III Type - II.

How the guideline value of Kamarajar St (maruthi Nagar) has changed

Over the years, the guideline value of Kamarajar St (maruthi Nagar) has seen several revisions. The 2012 revision set the value at Rs 1,200 per sq.ft, which was then reduced to Rs 804 per sq.ft in the 2017 revision. Following this, the value increased to Rs 1,200 per sq.ft in the 2023 revision, and finally rose to Rs 1,300 per sq.ft in the 2024 revision. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The overall change from 2012 to 2024 reflects an increase of 8%.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 3,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. Kamarajar St (maruthi Nagar) has a guideline value below this median.

• Kamarajar Street(A.K.A. Nagar): Rs 1,400 per sq.ft (2024)
• Kamarajar Street (S.V.Nagar): Rs 1,600 per sq.ft (2024)
• Kamarajar Street Venkateswara Nagar: Rs 1,600 per sq.ft (2024)
• Kamarajar Street (Vinayagapuram): Rs 2,400 per sq.ft (2024)
• Kamalapuram Colony: Rs 2,400 per sq.ft (2024)
• Kamakodi Extn 1st Cross Street: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Kamarajar St (maruthi Nagar)

For a 1,000 sq.ft plot at the current rate of Rs 1,300 per sq.ft, the guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, totaling Rs 1,17,000. 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 St (maruthi Nagar)?

The Sub Registrar Office that covers Kamarajar St (maruthi Nagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Oragadam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these costs are based on the higher of the guideline value or the actual sale price, which can impact their overall transaction costs.

Frequently asked questions

What is the current guideline value of Kamarajar St (maruthi Nagar)?

The current guideline value of Kamarajar St (maruthi Nagar) is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,300 per sq.ft in 2024. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

What are the stamp duty and registration fees for properties in Kamarajar St (maruthi Nagar)?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 1,17,000, which includes Rs 91,000 for stamp duty at 7% and Rs 26,000 for registration fees at 2%.

Which Sub Registrar Office covers Kamarajar St (maruthi Nagar)?

The Ambattur Sub Registrar Office covers Kamarajar St (maruthi Nagar), located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the land classification of Kamarajar St (maruthi Nagar)?

Kamarajar St (maruthi Nagar) is classified as Residential Class III Type - II, indicating its suitability for residential development.