Guideline Value for Kamarajar St lane-3

Kamarajar St lane-3 guideline value

The current guideline value of Kamarajar St lane-3 in Thiruvallur 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 St lane-3 has changed

The guideline value of Kamarajar St lane-3 has seen several revisions over the years. In 2007, the value was set at Rs 200 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012, marking a rise of 650%. However, between 2012 and 2017, the value decreased to Rs 1,005 per sq.ft, a decline of 33%. The value then rose to Rs 1,500 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 set the value at Rs 1,650 per sq.ft, a 10% increase from the previous year.

There are no figures available for the years 2002 and 2003 in the register 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 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-3's 2024 value of Rs 1,650 per sq.ft is above this median.

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

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 is charged at 7%, which totals Rs 1,15,500, and the registration fee is 2%, amounting to Rs 33,000. Together, these fees total 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.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamarajar St lane-3?

The Kamarajar St lane-3 is covered by the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. For further assistance, you can find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Thiruvallur, as it determines the minimum value at which a property can be registered. This value is used to calculate stamp duty and registration fees, which are necessary for the legal transfer of property ownership.

When a buyer purchases a property, the guideline value ensures that the transaction is recorded at a fair price, preventing undervaluation. It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Kamarajar St lane-3?

The current guideline value of Kamarajar St lane-3 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 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 land classification of Kamarajar St lane-3?

Kamarajar St lane-3 is classified as Residential Class I Type - I.

Where can I find the registration office for Kamarajar St lane-3?

The registration office for Kamarajar St lane-3 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 Thiruvallur?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, a property valued at Rs 16,50,000 would incur a stamp duty of Rs 1,15,500 at a rate of 7%.