Guideline Value for Kamarajar Street

Kamarajar Street guideline value

The current guideline value of Kamarajar Street in Periyakuppam village, under the Tiruvallur Joint 1 SRO, is Rs 1,650 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - I land classification.

How the guideline value of Kamarajar Street has changed

The guideline value for Kamarajar Street has seen several revisions over the years. In 2007, the value was Rs 200 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012. However, it then decreased to Rs 1,005 per sq.ft in 2017. The value rose to Rs 1,500 per sq.ft in 2023 before reaching the current figure of Rs 1,650 per sq.ft in 2024. The register has no figure for the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%, and from 2023 to 2024, it rose by 10%. The overall change from 2007 to 2024 reflects a substantial increase of 725%.

Guideline values in Periyakuppam

In Periyakuppam, there are 105 streets under the Tiruvallur Joint 1 SRO with a 2024 guideline value ranging from Rs 550 to Rs 3,300 per sq.ft. The median value is Rs 1,100 per sq.ft, placing Kamarajar Street's 2024 figure above this median.

• Kamarajar Salai Main Road: Rs 1,650 per sq.ft (2024)
• Kamaraja Puram: Rs 1,320 per sq.ft (2024)
• Kalamegam Street: Rs 550 per sq.ft (2024)
• Kalaivanar Street: Rs 1,100 per sq.ft (2024)
• Kabilar Street: Rs 550 per sq.ft (2024)
• Jothi Ramalingam Street: Rs 1,100 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 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, making the total cost for these fees Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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 Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.N. Road, Taluk Office Compound, Thiruvallur-602001. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Periyakuppam. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property sales.

When buying or selling property, the guideline value must be considered as it influences the overall transaction costs. Buyers should be aware that the guideline value is used for determining the official valuation of the property, which can affect financing and legal obligations.

Frequently asked questions

What is the current guideline value of Kamarajar Street?

The current guideline value of Kamarajar Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, reflecting an overall increase of 725% over the years.

What is the land classification for Kamarajar Street?

Kamarajar Street is classified as Residential Class I Type - I, which indicates its suitability for residential development.

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

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500, and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Which office handles registrations for Kamarajar Street?

The Tiruvallur Joint 1 Sub Registrar Office handles registrations for Kamarajar Street, located at No.201, J.N. Road, Taluk Office Compound, Thiruvallur-602001.