Guideline Value for Kamarajar Street

Kamarajar Street guideline value

The current guideline value of Kamarajar Street in Sekkadu village, under the Avadi SRO, is Rs 1,075 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - II land classification.

How the guideline value of Kamarajar Street has changed

The guideline value for Kamarajar Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which was then reduced to Rs 670 per sq.ft in the 2017 revision, marking a decrease of 33%. However, the value saw a significant increase to Rs 1,000 per sq.ft in the 2023 revision, followed by another increase to Rs 1,075 per sq.ft in the 2024 revision, reflecting an 8% rise.

There are no figures available for the revisions in 2002, 2003, and 2007 for Kamarajar Street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 8%.

Guideline values in Sekkadu

In Sekkadu, there are 56 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 930 to Rs 4,800 per sq.ft, with a median value of Rs 1,320 per sq.ft. Kamarajar Street's 2024 guideline value is below this median.

• Kariyappa Nagar: Rs 1,075 per sq.ft (2024)
• Karthik Nagar: Rs 1,320 per sq.ft (2024)
• Kinathangarai Street: Rs 1,075 per sq.ft (2024)
• Iyyappa Nagar Extension: Rs 1,320 per sq.ft (2024)
• Iyyappa Nagar: Rs 1,320 per sq.ft (2024)
• Kulakkarai Street: Rs 1,075 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 1,075 per sq.ft, the total guideline value amounts to Rs 10,75,000. The stamp duty at 7% would be Rs 75,250, and the registration fee at 2% would be Rs 21,500, bringing the total charges to Rs 96,750. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamarajar Street?

Kamarajar Street is covered by the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Sekkadu. 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 applicable charges, ensuring that both buyers and sellers are aware of the financial implications of the transaction based on the established rates.

Frequently asked questions

What is the current guideline value of Kamarajar Street?

The current guideline value of Kamarajar Street is Rs 1,075 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, with the most recent increase from Rs 1,000 per sq.ft in 2023 to Rs 1,075 per sq.ft in 2024. The value was Rs 670 per sq.ft in 2017, and Rs 1,000 per sq.ft in 2012.

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

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 10,75,000. The stamp duty is Rs 75,250, and the registration fee is Rs 21,500, totaling Rs 96,750.

Which office handles registrations for Kamarajar Street?

The Avadi Sub Registrar Office handles registrations for Kamarajar Street, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What is the land classification for Kamarajar Street?

Kamarajar Street falls under the Residential Class II Type - II land classification, which is relevant for determining its guideline value and usage.