Guideline Value for Kamarajar Street (3)

Kamarajar Street (3) guideline value

The current guideline value of Kamarajar Street (3) in Pozhichalur village is Rs 1,320 per sq.ft, effective from 1 July 2024. This street falls under the Pammal SRO and is classified as Residential Class I Type - II.

How the guideline value of Kamarajar Street (3) has changed

In the 2017 revision, the guideline value was Rs 804 per sq.ft. This figure increased significantly to Rs 1,200 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 sees the guideline value further increasing to Rs 1,320 per sq.ft, which is a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median guideline value is Rs 1,320 per sq.ft, which is equal to the 2024 figure for Kamarajar Street (3).

• Kamarajar Street (6): Rs 1,320 per sq.ft (2024)
• Kamarajar Street Vinayaga Nagar: Rs 1,650 per sq.ft (2024)
• Kamban Street, Moovar Nagar: Rs 1,320 per sq.ft (2024)
• Kambar Street: Rs 1,320 per sq.ft (2024)
• Kalliamman Nagar: Rs 1,650 per sq.ft (2024)
• Kandaswamy Nagar: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Kamarajar Street (3)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, making the total charges Rs 1,18,800. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kamarajar Street (3)?

The Sub Registrar Office covering Kamarajar Street (3) is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor during the registration of property transactions in Pozhichalur. It serves as a benchmark for determining the stamp duty and registration fees that are applicable when buying or selling property.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kamarajar Street (3)?

The current guideline value of Kamarajar Street (3) is Rs 1,320 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 804 per sq.ft to Rs 1,320 per sq.ft, which is an overall increase of 64%.

What is the stamp duty percentage for properties in Kamarajar Street (3)?

The stamp duty for properties in Kamarajar Street (3) is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

What are the guideline values of other streets in Pozhichalur?

Other streets in Pozhichalur have varying guideline values, with rates ranging from Rs 1,100 to Rs 4,500 per sq.ft. For example, Kamarajar Street (6) and Kamban Street, Moovar Nagar both have a guideline value of Rs 1,320 per sq.ft in 2024.