Guideline Value for Kamarajar Street

Kamarajar Street guideline value

The current guideline value of Kamarajar Street in Padappai village, under the Padappai SRO, is Rs 660 per sq.ft, effective from 1 July 2024. This street is classified as Residential Class IV 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 the 2007 revision, the value was Rs 85 per sq.ft, which increased dramatically to Rs 600 per sq.ft in 2012. However, this value decreased to Rs 402 per sq.ft in the 2017 revision. The 2023 revision saw a rise to Rs 600 per sq.ft, and the current value as of the 2024 revision is Rs 660 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 676%. Notably, there are no figures available for Kamarajar Street in the 2002 and 2003 revisions.

Guideline values in Padappai

In Padappai, there are 146 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 4,000 per sq.ft. The median guideline value in the village is Rs 830 per sq.ft, which places Kamarajar Street's 2024 figure below that median.

• Kambar Garden: Rs 1,100 per sq.ft (2024)
• Kambar Street: Rs 830 per sq.ft (2024)
• Jkp Jayadev Avenue Phase - I & Phase - II: Rs 830 per sq.ft (2024)
• Jaya Shree Enclave: Rs 900 per sq.ft (2024)
• Kattu Colony: Rs 830 per sq.ft (2024)
• Keelpadappai Road: Rs 1,320 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 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, totaling Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Kamarajar Street?

The Sub Registrar Office that covers Kamarajar Street is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process for property transactions in Padappai. It is used to determine the stamp duty and registration fees applicable when buying or selling property, ensuring that the government receives the appropriate revenue from these transactions.

When you register a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that all transactions are fairly accounted for based on the established guideline values.

Frequently asked questions

What is the current guideline value of Kamarajar Street?

The current guideline value of Kamarajar Street is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 85 per sq.ft in 2007 to Rs 660 per sq.ft in 2024, marking an overall increase of 676% over this period.

What is the land classification for Kamarajar Street?

Kamarajar Street is classified as Residential Class IV Type - I, which indicates its intended use for residential purposes.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 6,60,000, resulting in a stamp duty of Rs 46,200 and a registration fee of Rs 13,200, totaling Rs 59,400.

Which Sub Registrar Office handles registrations for Kamarajar Street?

The Padappai Sub Registrar Office handles registrations for Kamarajar Street, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.