Guideline Value for Kamarajar Street (JPT)

Kamarajar Street (JPT) guideline value

The current guideline value of Kamarajar Street (JPT) is Rs 4,100 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village under the Ashok Nagar SRO and is classified as Residential Class IV Type - I.

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

In the 2012 revision, the guideline value for Kamarajar Street (JPT) was Rs 3,750 per sq.ft. This figure remained unchanged in the 2023 revision. However, in the 2024 revision, the guideline value increased to Rs 4,100 per sq.ft, reflecting a 9% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 9%. The register has no figures for the revisions in 2002, 2003, 2007, and 2017 for this street.

Guideline values in Kodambakkam

Kodambakkam has a total of 1,031 streets under the Ashok Nagar SRO, with guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value in this area is Rs 4,900 per sq.ft, placing Kamarajar Street (JPT) below that median value.

• Kamarajar Street Ch-78(M.G.R): Rs 3,300 per sq.ft (2024)
• Kamaraj Colony: Rs 4,100 per sq.ft (2024)
• Kamaraj Colony Block 80: Rs 4,100 per sq.ft (2024)
• Kamarajar Salai Ch-78: Rs 8,800 per sq.ft (2024)
• Kamarajar Salai (Block 29) Ashok Nagar: Rs 8,800 per sq.ft (2024)
• Kamarajar Colony 9th Street: Rs 4,100 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 4,100 per sq.ft, the total guideline value amounts to Rs 41,00,000. The stamp duty at 7% would be Rs 2,87,000, and the registration fee at 2% would be Rs 82,000, totaling Rs 3,69,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Kamarajar Street (JPT)?

The Sub Registrar Office that covers Kamarajar Street (JPT) is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). For further assistance, you can find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kodambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is considered alongside the sale price, with the higher of the two being used to calculate the applicable duties and fees. This ensures that the registration process is transparent and standardized across the region.

Frequently asked questions

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

The current guideline value of Kamarajar Street (JPT) is Rs 4,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,750 per sq.ft in 2012 to Rs 4,100 per sq.ft in 2024, marking an overall increase of 9%. The value remained unchanged from 2012 to 2023.

What are the guideline values for other streets in Kodambakkam?

Other streets in Kodambakkam have varying guideline values, with rates ranging from Rs 2,200 to Rs 11,000 per sq.ft. Kamarajar Street (JPT) is currently below the median value of Rs 4,900 per sq.ft.

What is the stamp duty for property in Kamarajar Street (JPT)?

The stamp duty for property in Kamarajar Street (JPT) is calculated at 7% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a stamp duty of Rs 2,87,000 based on the current guideline value.

Where can I find the Sub Registrar Office for Kamarajar Street (JPT)?

The Sub Registrar Office for Kamarajar Street (JPT) is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037. You can find more information through the provided link.