Guideline Value for Kamarajar Street

Kamarajar Street guideline value

The current guideline value of Kamarajar Street in Thandalkazhani village, under the Redhills SRO, is Rs 880 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 undergone several revisions over the years. In 2007, the value was Rs 300 per sq.ft, which increased significantly to Rs 800 per sq.ft in 2012, marking a 167% rise. However, the value decreased to Rs 536 per sq.ft in 2017, reflecting a 33% drop. The subsequent revision in 2023 saw the value rise to Rs 800 per sq.ft, and the most recent revision in 2024 has set the value at Rs 880 per sq.ft, a 10% increase from the previous year.

There are no figures available for Kamarajar Street in the revisions of 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 193%.

Guideline values in Thandalkazhani

In Thandalkazhani, there are 27 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 660 to Rs 2,750 per sq.ft. The median value is Rs 880 per sq.ft, which is equal to the current guideline value of Kamarajar Street.

• Kamaraj Nagar: Rs 660 per sq.ft (2024)
• Kambar Street: Rs 1,210 per sq.ft (2024)
• Kannadasan Street: Rs 880 per sq.ft (2024)
• Gomathi Nagar In Sivaram city: Rs 2,750 per sq.ft (2024)
• Gnt Road: Rs 2,750 per sq.ft (2024)
• Lakshmi Amman Koil Street: Rs 1,210 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 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total to Rs 79,200. 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?

Kamarajar Street is covered by the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process of property transactions in Thandalkazhani. It serves as a reference for determining the stamp duty and registration fees that must be paid when buying or selling property.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Kamarajar Street?

The current guideline value of Kamarajar Street is Rs 880 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 2007 to Rs 880 per sq.ft in 2024, showing a significant overall increase of 193% over the years.

What are the other streets in Thandalkazhani and their guideline values?

Other streets in Thandalkazhani include Kamaraj Nagar at Rs 660 per sq.ft, Kambar Street at Rs 1,210 per sq.ft, and Kannadasan Street at Rs 880 per sq.ft, among others.

What is the stamp duty rate for properties in Kamarajar Street?

The stamp duty rate for properties in Kamarajar Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Kamarajar Street located?

The Redhills Sub Registrar Office is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.