Guideline Value for Kamarajar St lane-4

Kamarajar St lane-4 guideline value

The current guideline value of Kamarajar St lane-4 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, classified as Residential Class I Type - I.

How the guideline value of Kamarajar St lane-4 has changed

The guideline value for Kamarajar St lane-4 has undergone 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, marking a rise of 650%. However, it then decreased to Rs 1,005 per sq.ft in 2017, a drop of 33%. The value rose again to Rs 1,500 per sq.ft in 2023, and most recently, it increased to Rs 1,650 per sq.ft in 2024, reflecting a 10% increase.

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%, showcasing significant fluctuations in the values over the years.

Guideline values in Thiruvallur

Thiruvallur village has a total of 172 streets under the Tiruvallur Joint 1 SRO with a 2024 guideline value ranging from Rs 550 to Rs 3,850 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, placing Kamarajar St lane-4 above this median.

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

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, bringing the total to 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-4?

The Sub Registrar Office covering Kamarajar St lane-4 is 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 information.

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

The guideline value is a critical factor in the registration process of property transactions in Thiruvallur. It serves as a benchmark for determining the stamp duty and registration fees payable, ensuring that these costs are calculated based on a standardized value.

When buying or selling property, it is essential to be aware that the guideline value influences the overall cost of the transaction. This value is used to assess the financial obligations involved in the registration of the property, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Kamarajar St lane-4?

The current guideline value of Kamarajar St lane-4 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 seen several changes, starting from Rs 200 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, marking an overall increase of 725% since 2007.

What is the median guideline value in Thiruvallur?

The median guideline value for the 172 streets in Thiruvallur is Rs 1,100 per sq.ft, with Kamarajar St lane-4 positioned above this median at Rs 1,650 per sq.ft.

What are the stamp duty and registration fees for property in Kamarajar St lane-4?

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500, and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Which office handles property registrations for Kamarajar St lane-4?

The Tiruvallur Joint 1 Sub Registrar Office handles property registrations for Kamarajar St lane-4, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.