Guideline Value for Kamarajar Street(A.K.A. Nagar)

Kamarajar Street(A.K.A. Nagar) guideline value

The current guideline value of Kamarajar Street(A.K.A. Nagar) is Rs 1,400 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village, under the Ambattur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Kamarajar Street(A.K.A. Nagar) has changed

The guideline value for Kamarajar Street(A.K.A. Nagar) has undergone several revisions over the years. The 2007 revision set the value at Rs 400 per sq.ft, which increased significantly to Rs 1,300 per sq.ft in 2012. However, the value then decreased to Rs 871 per sq.ft in 2017. Following this, the 2023 revision raised the guideline value to Rs 1,300 per sq.ft, and the latest revision in 2024 has increased it further to Rs 1,400 per sq.ft. The changes between these revisions are notable, with a 225% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, a 49% increase from 2017 to 2023, and an 8% increase from 2023 to 2024. The register has no figures for the years 2002 and 2003.

Guideline values in Oragadam

In Oragadam village, there are 596 streets under the Ambattur SRO, with guideline values ranging from Rs 1,100 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, making the current value of Kamarajar Street(A.K.A. Nagar) below this median.

• Kamarajar Street (S.V.Nagar): Rs 1,600 per sq.ft (2024)
• Kamarajar Street Venkateswara Nagar: Rs 1,600 per sq.ft (2024)
• Kamarajar Street (Vinayagapuram): Rs 2,400 per sq.ft (2024)
• Kamarajar St (maruthi Nagar): Rs 1,300 per sq.ft (2024)
• Kamalapuram Colony: Rs 2,400 per sq.ft (2024)
• Kamakodi Extn 1st Cross Street: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Kamarajar Street(A.K.A. Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,400 per sq.ft, the total guideline value amounts to Rs 14,00,000. The stamp duty at 7% would be Rs 98,000, and the registration fee at 2% would be Rs 28,000, bringing the total to Rs 1,26,000. 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(A.K.A. Nagar)?

The Sub Registrar Office that covers Kamarajar Street(A.K.A. Nagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when registering property transactions in Oragadam. It serves as a benchmark for determining the minimum value at which properties can be sold or bought, ensuring that the registration process is transparent and standardized.

When you buy or sell property, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial obligations involved in the transaction, based on the established guideline value.

Frequently asked questions

What is the current guideline value of Kamarajar Street(A.K.A. Nagar)?

The current guideline value of Kamarajar Street(A.K.A. Nagar) is Rs 1,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 1,400 per sq.ft in 2024, showing an overall increase of 250% over the years.

What are the stamp duty and registration fees for property in Kamarajar Street(A.K.A. Nagar)?

For a 1,000 sq.ft plot, the total guideline value is Rs 14,00,000. The stamp duty at 7% is Rs 98,000, and the registration fee at 2% is Rs 28,000, totaling Rs 1,26,000.

Which Sub Registrar Office covers Kamarajar Street(A.K.A. Nagar)?

The Ambattur Sub Registrar Office covers Kamarajar Street(A.K.A. Nagar), located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone.

What is the land classification of Kamarajar Street(A.K.A. Nagar)?

Kamarajar Street(A.K.A. Nagar) is classified as Residential Class III Type - I, indicating its suitability for residential development.