Guideline Value for Kamarajar Street (Ward-25)

Kamarajar Street (Ward-25) guideline value

The current guideline value of Kamarajar Street (Ward-25) is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village, under the Madhavaram SRO, classified as Residential Class II Type - I.

How the guideline value of Kamarajar Street (Ward-25) has changed

The guideline value for Kamarajar Street (Ward-25) has seen revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 1,500 per sq.ft, which increased to Rs 1,600 per sq.ft in the 2024 revision, marking a change of +7%.

Prior to 2023, there were no recorded figures for this street in the revisions from 2002 to 2017. The current value of Rs 1,600 per sq.ft is reflective of the recent updates and aligns with the median value of Rs 1,600 per sq.ft for the village as of 2024.

Guideline values in Madhavaram

In Madhavaram, there are a total of 1,946 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median guideline value for the area is Rs 1,600 per sq.ft, which is the same as the current value for Kamarajar Street (Ward-25).

• Kamarajar Street (Ward-16): Rs 1,600 per sq.ft (2024)
• Kamarajar Street (Ward-8): Rs 1,600 per sq.ft (2024)
• Kamarajar Street (Ward-1): Rs 1,600 per sq.ft (2024)
• Kamarajar st (Ward No.29): Rs 1,600 per sq.ft (2024)
• Kamaraj Nagar: Rs 1,600 per sq.ft (2024)
• Kamarajar St, Lakshmipuram (Ward-25): Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Kamarajar Street (Ward-25)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, totaling Rs 1,44,000. Please 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 Street (Ward-25)?

Kamarajar Street (Ward-25) is covered by the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Madhavaram. It serves as the basis for calculating stamp duty and registration fees, ensuring that the transaction is recorded at a fair value as determined by the local authorities.

When a property is registered, the guideline value helps establish the minimum value at which the property can be sold or purchased. This ensures transparency and compliance with legal requirements during the transfer of property ownership.

Frequently asked questions

What is the current guideline value of Kamarajar Street (Ward-25)?

The current guideline value of Kamarajar Street (Ward-25) is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Kamarajar Street (Ward-25) has changed from Rs 1,500 per sq.ft in 2023 to Rs 1,600 per sq.ft in 2024, reflecting a +7% increase. There are no recorded figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Kamarajar Street (Ward-25)?

Kamarajar Street (Ward-25) is classified as Residential Class II Type - I, indicating its intended use for residential purposes.

What are the stamp duty and registration fees for a property in Kamarajar Street (Ward-25)?

For a property valued at Rs 16,00,000, the stamp duty would be Rs 1,12,000, and the registration fee would be Rs 32,000, totaling Rs 1,44,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where is the Madhavaram Sub Registrar Office located?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles the registration of properties in the Kamarajar Street (Ward-25) area.