Guideline Value for Kamarajar Street

Kamarajar Street guideline value

The current guideline value of Kamarajar Street in Tharamani village, under the Adayar SRO, is Rs 2,800 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - I land classification.

How the guideline value of Kamarajar Street has changed

The guideline value for Kamarajar Street has seen significant changes over the years. In 2003, the value was Rs 300 per sq.ft, which increased to Rs 1,000 per sq.ft in 2007, marking a substantial rise of 233%. The value then further increased to Rs 2,500 per sq.ft in 2012, reflecting a 150% increase from the previous revision. However, it decreased to Rs 1,675 per sq.ft in 2017, a drop of 33%. The subsequent revision in 2023 brought the value back up to Rs 2,500 per sq.ft, and the latest revision in 2024 has set it at Rs 2,800 per sq.ft, representing a 12% increase from the previous year.

It is important to note that the register has no figure for Kamarajar Street in 2002. Overall, from 2003 to 2024, the guideline value has increased by 833%.

Guideline values in Tharamani

In Tharamani, there are 78 streets under the Adayar SRO that carry a 2024 guideline value, ranging from Rs 1,700 to Rs 8,800 per sq.ft. The median value is Rs 2,800 per sq.ft, which is equal to the guideline value of Kamarajar Street for 2024.

• Kambar Street: Rs 2,800 per sq.ft (2024)
• Kalaingar Street: Rs 2,800 per sq.ft (2024)
• Karumariamman koil Street: Rs 2,200 per sq.ft (2024)
• Janda Street: Rs 2,800 per sq.ft (2024)
• Indira Gandhi Street: Rs 2,800 per sq.ft (2024)
• Govindu Street: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Kamarajar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value amounts to Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, totaling Rs 2,52,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kamarajar Street?

Kamarajar Street is covered by the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20, within the Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Tharamani. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transfer of property ownership.

When a buyer or seller engages in a transaction, the guideline value helps ensure that the transaction is recorded at a fair price, which is essential for maintaining transparency in property dealings. It is important for both parties to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kamarajar Street?

The current guideline value of Kamarajar Street is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2003 to Rs 2,800 per sq.ft in 2024, showing an overall increase of 833% over the years.

What is the significance of the guideline value?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It acts as a benchmark for pricing properties in the area.

Where can I find the Adayar Sub Registrar Office?

The Adayar Sub Registrar Office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20, Chennai registration zone.

What are the other streets in Tharamani with the same guideline value?

Other streets in Tharamani that share the same guideline value of Rs 2,800 per sq.ft include Kambar Street, Kalaingar Street, Janda Street, Indira Gandhi Street, and Govindu Street.