Guideline Value for Kamarajar Street /Akash Nagar

Kamarajar Street /Akash Nagar guideline value

The current guideline value for Kamarajar Street /Akash Nagar is Rs 1,210 per sq.ft, effective from 1 July 2024. This street is located in Thandalam village and falls under the Pammal SRO, classified as Residential Class I Type - I.

How the guideline value of Kamarajar Street /Akash Nagar has changed

The guideline value for Kamarajar Street /Akash Nagar has seen several revisions over the years. The register shows no figures for the years 2002, 2003, 2007, and 2012. The 2017 revision set the value at Rs 737 per sq.ft, which increased to Rs 1,100 per sq.ft in 2023. The most recent revision in 2024 has further raised the value to Rs 1,210 per sq.ft.

Between the 2017 and 2023 revisions, there was a significant increase of 49%. Following that, the jump from 2023 to 2024 represents a 10% increase. Overall, from 2017 to 2024, the guideline value has risen by 64%.

Guideline values in Thandalam

In Thandalam, there are 56 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 3,300 per sq.ft. The median value for these streets is Rs 1,210 per sq.ft, which is equal to the 2024 guideline value for Kamarajar Street /Akash Nagar.

• Kambar Street: Rs 1,210 per sq.ft (2024)
• Kulalar Street: Rs 1,210 per sq.ft (2024)
• Leelavathy Nagar: Rs 1,210 per sq.ft (2024)
• Gnanaprakasam Nagar: Rs 2,465 per sq.ft (2024)
• Manimedu (ward 1): Rs 1,210 per sq.ft (2024)
• Manimedu (ward 7): Rs 1,210 per sq.ft (2024)

Stamp duty and registration fee for property in Kamarajar Street /Akash Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,210 per sq.ft, the guideline value amounts to Rs 12,10,000. The stamp duty, charged at 7%, would be Rs 84,700, while the registration fee at 2% would be Rs 24,200. Together, the total cost for these fees would be Rs 1,08,900. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kamarajar Street /Akash Nagar?

The Kamarajar Street /Akash Nagar is covered by the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a critical factor in the registration process when buying or selling property in Thandalam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is used to calculate the fees, ensuring that both the buyer and seller are aware of the financial implications of the sale. This value is crucial for maintaining transparency in property transactions.

Frequently asked questions

What is the current guideline value for Kamarajar Street /Akash Nagar?

The current guideline value for Kamarajar Street /Akash Nagar is Rs 1,210 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 737 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2023, and then to Rs 1,210 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 12,10,000, the stamp duty would be Rs 84,700 and the registration fee would be Rs 24,200, totaling Rs 1,08,900. Duty is charged on the higher of the guideline value or the sale price.

Which office handles registrations for Kamarajar Street /Akash Nagar?

The Pammal Sub Registrar Office handles registrations for Kamarajar Street /Akash Nagar. The office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification for Kamarajar Street /Akash Nagar?

Kamarajar Street /Akash Nagar is classified as Residential Class I Type - I, indicating its suitability for residential purposes.