Guideline Value for Kamarajar Street

Kamarajar Street guideline value

The current guideline value of Kamarajar Street in Gooduvancheri village is Rs 1,500 per sq.ft, effective from 1 July 2024. This street falls under the Gooduvancheri SRO and is classified as Residential Special Type - I.

How the guideline value of Kamarajar Street has changed

The guideline value for Kamarajar Street has remained unchanged at Rs 1,500 per sq.ft from the 2023 revision to the 2024 revision. Prior to this, in the 2017 revision, the guideline value was Rs 1,005 per sq.ft, marking an increase of 49% over the six-year period from 2017 to 2023, when it was also Rs 1,500 per sq.ft.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for Kamarajar Street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%.

Guideline values in Gooduvancheri

In Gooduvancheri, there are 129 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 3,500 per sq.ft, with a median value of Rs 1,500 per sq.ft. Kamarajar Street's 2024 guideline value aligns with this median.

• Kamatchi Nagar: Rs 1,500 per sq.ft (2024)
• Kambar Street: Rs 2,001 per sq.ft (2024)
• Kannagi Street: Rs 2,001 per sq.ft (2024)
• J.V.C. Avenue: Rs 1,200 per sq.ft (2024)
• Kanniyappa Nagar: Rs 2,001 per sq.ft (2024)
• Jesubatham Nagar: Rs 2,001 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 1,500 per sq.ft, the total guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total cost for these fees to Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kamarajar Street?

Kamarajar Street is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Gooduvancheri. It serves as the basis for calculating the stamp duty and registration fees, ensuring that both the buyer and seller are aware of the financial obligations involved in the transfer of property.

When buying or selling property, it is essential to refer to the current guideline value to understand the costs associated with the transaction. This value helps in determining the appropriate fees and ensures compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Kamarajar Street?

The current guideline value of Kamarajar Street is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained the same at Rs 1,500 per sq.ft from 2023 to 2024. It increased from Rs 1,005 per sq.ft in 2017 to Rs 1,500 per sq.ft in 2023, representing a 49% increase.

What is the land classification for Kamarajar Street?

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

Which Sub Registrar Office handles transactions for Kamarajar Street?

The Gooduvancheri Sub Registrar Office handles transactions for Kamarajar Street, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202.

How is the stamp duty calculated for properties in Kamarajar Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 1,05,000 at a rate of 7%.