Guideline Value for Kamarajar Street

Kamarajar Street guideline value

The current guideline value of Kamarajar Street in Ullagaram village is Rs 2,800 per sq.ft, effective from 1 July 2024. This street falls under the Alandur Sub Registrar Office (SRO) and is classified as Residential Class II Type - I.

How the guideline value of Kamarajar Street has changed

The guideline value for Kamarajar Street has seen significant changes over the years. In 2002, the value was Rs 172 per sq.ft, which increased to Rs 193 per sq.ft in 2003. Following this, the value surged to Rs 1,000 per sq.ft in 2007, marking a substantial increase of 418%. The next revision in 2012 saw a decrease to Rs 2,500 per sq.ft, a drop of 33%. However, the value bounced back to Rs 1,675 per sq.ft in 2017, reflecting a 49% increase. The most recent revisions show a rise to Rs 2,500 per sq.ft in 2023, followed by the current value of Rs 2,800 per sq.ft in 2024, which is a 12% increase.

There are no figures available for the revisions in years not mentioned in the register. Overall, from 2002 to 2024, the guideline value has increased by 1,528%.

Guideline values in Ullagaram

In Ullagaram, there are 298 streets under the Alandur SRO that carry a guideline value for 2024, ranging from Rs 1,700 to Rs 5,500 per sq.ft. The median value is Rs 2,800 per sq.ft, which is equal to the guideline value of Kamarajar Street.

• Kalidas Street: Rs 2,200 per sq.ft (2024)
• Kambar Street: Rs 2,200 per sq.ft (2024)
• Kannagi Street: Rs 2,800 per sq.ft (2024)
• Jothi Ramalingam Street: Rs 2,800 per sq.ft (2024)
• John Kennadi Street: Rs 2,200 per sq.ft (2024)
• Kariyan Ponnan 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, bringing the total fees together to Rs 2,52,000. 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 detailed calculations.

Which Sub Registrar Office covers Kamarajar Street?

Kamarajar Street is covered by the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ullagaram. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations and to avoid any discrepancies during the registration process.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue based on the property's value.

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 significantly, increasing from Rs 172 per sq.ft in 2002 to Rs 2,800 per sq.ft in 2024, which is an overall increase of 1,528%.

What is the land classification for Kamarajar Street?

Kamarajar Street is classified as Residential Class II Type - I, indicating its use for residential purposes.

What are the stamp duty and registration fees for buying property on Kamarajar Street?

The stamp duty is calculated at 7% and the registration fee at 2% of the guideline value. For a 1,000 sq.ft plot, the total fees would amount to Rs 2,52,000.

Where is the Sub Registrar Office for Kamarajar Street located?

The Alandur Sub Registrar Office is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061, and it covers Kamarajar Street.