Guideline Value for Kamarajar Street (6)

Kamarajar Street (6) guideline value

The current guideline value of Kamarajar Street (6) is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Pozhichalur village under the Pammal Sub Registrar Office (SRO) and is classified as Residential Class I Type - II.

How the guideline value of Kamarajar Street (6) has changed

The guideline value for Kamarajar Street (6) has undergone several revisions over the years. The oldest recorded figure is from the 2017 revision at Rs 804 per sq.ft. This was followed by a significant increase to Rs 1,200 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 has set the guideline value at 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%. It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Pozhichalur

Pozhichalur village has a total of 299 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median value for these streets is Rs 1,320 per sq.ft, which is equal to the 2024 guideline value for Kamarajar Street (6).

• Kamarajar Street (3): 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 (6)

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

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

Which Sub Registrar Office covers Kamarajar Street (6)?

Kamarajar Street (6) falls under the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the 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 aspect of property transactions in Pozhichalur. It serves as a benchmark for determining the minimum price at which properties can be registered. Buyers and sellers must consider this value during negotiations to ensure compliance with local regulations.

When registering a property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory costs associated with the transfer of property ownership. Therefore, understanding the guideline value is crucial for anyone looking to buy or sell property in this area.

Frequently asked questions

What is the current guideline value of Kamarajar Street (6)?

The current guideline value of Kamarajar Street (6) is Rs 1,320 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 804 per sq.ft in 2017 to Rs 1,320 per sq.ft in 2024, marking an overall increase of 64% over this period.

What is the classification of Kamarajar Street (6)?

Kamarajar Street (6) is classified as Residential Class I Type - II, which indicates its designation for residential purposes.

Where can I find the Pammal Sub Registrar Office?

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

How is stamp duty calculated for properties in Kamarajar Street (6)?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the guideline value of Rs 1,320 per sq.ft, the stamp duty would be Rs 92,400.