Guideline Value for Kamarajar Street

Kamarajar Street guideline value

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

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 guideline value was Rs 320 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012. However, it saw a decrease to Rs 1,005 per sq.ft in 2017. The value then rose to Rs 1,500 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 1,650 per sq.ft. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

From 2017 to 2023, the guideline value increased by 49%. The jump from 2007 to 2012 represented a substantial increase of 369%, while the subsequent decrease from 2012 to 2017 was 33%. Overall, from 2007 to 2024, the guideline value has increased by 416%.

Guideline values in Thiruvallur

In Thiruvallur, there are 172 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 3,850 per sq.ft. The median guideline value is Rs 1,100 per sq.ft, placing Kamarajar Street's 2024 figure above this median.

• Kamarajar St lane-4: Rs 1,650 per sq.ft (2024)
• Kamarajar St lane-3: Rs 1,650 per sq.ft (2024)
• Kamarajar St lane-2: Rs 1,650 per sq.ft (2024)
• Kamarajar St lane-1: Rs 1,650 per sq.ft (2024)
• Kamarajapuram: Rs 1,650 per sq.ft (2024)
• Kamadenu 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, totaling 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. 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 Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.N. Road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Thiruvallur. It serves as the basis for calculating stamp duty and registration fees, which are mandatory during the registration process of property transactions.

When buying or selling a property, the guideline value ensures that the transaction is recorded at a fair value, as determined by the government. This helps in maintaining transparency and accountability in real estate dealings.

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 significantly from Rs 320 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, reflecting an overall increase of 416% over the years.

What is the median guideline value in Thiruvallur?

The median guideline value for streets in Thiruvallur is Rs 1,100 per sq.ft, with Kamarajar Street's value being above this median.

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

For a property of 1,000 sq.ft at the current guideline value, the total stamp duty and registration fees would amount to Rs 1,48,500, based on the guideline value of Rs 16,50,000.

Which office handles the registration for Kamarajar Street?

The registration for Kamarajar Street is handled by the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.N. Road, Taluk Office Compound, Thiruvallur-602001.