Guideline Value for Kamarajar St lane-2

Kamarajar St lane-2 guideline value

The current guideline value of Kamarajar St lane-2 is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Thiruvallur village, under the Tiruvallur Joint 1 SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Kamarajar St lane-2 has changed

The guideline value for Kamarajar St lane-2 has seen several revisions over the years. In 2007, the value was Rs 200 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012. However, it then decreased to Rs 1,005 per sq.ft in 2017. The value rose again to Rs 1,500 per sq.ft in 2023, and the latest revision in 2024 set it at Rs 1,650 per sq.ft. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

From 2017 to 2023, the guideline value increased by 49%, followed by a 10% increase from 2023 to 2024. The overall change from 2007 to 2024 reflects a substantial increase of 725%, primarily driven by the significant rise from 2007 to 2012, which saw a remarkable increase of 650%.

Guideline values in Thiruvallur

In Thiruvallur village, there are 172 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 3,850 per sq.ft, with a median value of Rs 1,100 per sq.ft. Kamarajar St lane-2's 2024 guideline value of Rs 1,650 per sq.ft is above this median.

• Kamarajar St lane-1: 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-2

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000. Together, the total cost for stamp duty and registration would be 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 also use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Kamarajar St lane-2?

The Kamarajar St lane-2 falls under 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 details.

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

The guideline value is a crucial element in the registration process of property transactions in Thiruvallur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When buying or selling property, the guideline value helps ensure that the transaction is recorded at a fair value, which is essential for legal and taxation purposes. It is advisable to consult the latest guideline values to understand the financial implications of your property transaction.

Frequently asked questions

What is the current guideline value of Kamarajar St lane-2?

The current guideline value of Kamarajar St lane-2 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 registration office for Kamarajar St lane-2?

The registration office for Kamarajar St lane-2 is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

How is stamp duty calculated for properties in Kamarajar St lane-2?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 1,15,500.

What are the guideline values for other streets in Thiruvallur?

Other streets in Thiruvallur have varying guideline values, with Kamarajar St lane-1, lane-3, lane-4, and Kamarajar Street all at Rs 1,650 per sq.ft, while Kamadenu Street is at Rs 1,100 per sq.ft.