Guideline Value for Kamarajar Street Vinayaga Nagar

Kamarajar Street Vinayaga Nagar guideline value

The current guideline value of Kamarajar Street Vinayaga Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Pozhichalur village under the Pammal SRO, classified as Residential Class I Type - I.

How the guideline value of Kamarajar Street Vinayaga Nagar has changed

The guideline value for Kamarajar Street Vinayaga Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 1,005 per sq.ft, which increased to Rs 1,500 per sq.ft in the 2023 revision, marking a significant rise of 49%. The latest revision in 2024 has further increased the guideline value to Rs 1,650 per sq.ft, reflecting a 10% increase from the previous year. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. This consistent rise highlights the evolving landscape of property values in the area.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median guideline value in this village is Rs 1,320 per sq.ft, placing Kamarajar Street Vinayaga Nagar's current value above this median.

• Kamarajar Street (6): Rs 1,320 per sq.ft (2024)
• Kamarajar Street (3): Rs 1,320 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 Vinayaga Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total charges to Rs 1,48,500. It is important to 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 Vinayaga Nagar?

Kamarajar Street Vinayaga Nagar falls under 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 important factor in the registration process when buying or selling property in Pozhichalur. It serves as a benchmark for determining the minimum value at which the property can be registered, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the guideline value helps in calculating the stamp duty and registration fees that need to be paid. This ensures compliance with local regulations and provides a clear framework for property transactions in the area.

Frequently asked questions

What is the current guideline value of Kamarajar Street Vinayaga Nagar?

The current guideline value of Kamarajar Street Vinayaga Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,005 per sq.ft in 2017 to Rs 1,650 per sq.ft in 2024, marking a total increase of 64% over this period.

What is the median guideline value in Pozhichalur?

The median guideline value in Pozhichalur is Rs 1,320 per sq.ft, which is lower than the current value of Kamarajar Street Vinayaga Nagar.

What are the stamp duty and registration fees for property transactions?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For example, a 1,000 sq.ft plot at Rs 1,650 per sq.ft incurs a total of Rs 1,48,500 in fees.

Which office handles property registrations for Kamarajar Street Vinayaga Nagar?

The Pammal Sub Registrar Office handles property registrations for Kamarajar Street Vinayaga Nagar, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.