Guideline Value for Kamarajar St lane-1

Kamarajar St lane-1 guideline value

The current guideline value of Kamarajar St lane-1 is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Thiruvallur village and falls under the Tiruvallur Joint 1 SRO, classified as Residential Class I Type - I.

How the guideline value of Kamarajar St lane-1 has changed

The guideline value for Kamarajar St lane-1 has undergone several revisions over the years. The earliest recorded value in 2007 was Rs 200 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012, marking a rise of 650%. However, this value saw a decrease of 33% to Rs 1,005 per sq.ft in 2017. The subsequent revision in 2023 brought the value to Rs 1,500 per sq.ft, followed by the latest revision in 2024, which set the value at Rs 1,650 per sq.ft, reflecting a 10% increase.

It is important to note that there are no figures available for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 725%.

Guideline values in Thiruvallur

In Thiruvallur village, there are 172 streets under the Tiruvallur Joint 1 SRO that have a 2024 guideline value ranging from Rs 550 to Rs 3,850 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Kamarajar St lane-1 above this median.

• Kamarajar St lane-2: Rs 1,650 per sq.ft (2024)
• Kamarajar St lane-3: Rs 1,650 per sq.ft (2024)
• Kamarajar St lane-4: Rs 1,650 per sq.ft (2024)
• Kamarajar Street: Rs 1,650 per sq.ft (2024)
• Kamarajapuram: Rs 1,650 per sq.ft (2024)
• Kamadenu Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Kamarajar St lane-1

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, while the registration fee at 2% would be Rs 33,000, resulting in a total of Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your own fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamarajar St lane-1?

The Sub Registrar Office that covers Kamarajar St lane-1 is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thiruvallur. It is used to determine the stamp duty and registration fees that must be paid to the government during the registration of the property transaction.

Frequently asked questions

What is the current guideline value of Kamarajar St lane-1?

The current guideline value of Kamarajar St lane-1 is Rs 1,650 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 200 per sq.ft to Rs 1,650 per sq.ft in 2024, marking an overall increase of 725%.

What were the guideline values in the previous revisions?

The previous revisions were Rs 1,500 per sq.ft in 2023, Rs 1,005 per sq.ft in 2017, and Rs 1,500 per sq.ft in 2012. The value was Rs 200 per sq.ft in 2007.

What is the stamp duty for property in Kamarajar St lane-1?

The stamp duty for property in Kamarajar St lane-1 is 7% of the guideline value. For a 1,000 sq.ft plot, the stamp duty would be Rs 1,15,500.

Where can I find the Sub Registrar Office for Kamarajar St lane-1?

The Sub Registrar Office covering Kamarajar St lane-1 is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.