Guideline Value for Kamarajar Street

Kamarajar Street guideline value

The current guideline value of Kamarajar Street in the 2nd Division village under the Kanchipuram Joint IV SRO is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is classified as Commercial Class I Type - II.

How the guideline value of Kamarajar Street has changed

Over the years, the guideline value of Kamarajar Street has seen significant changes. The earliest recorded figure is from 2007, where it was Rs 1,000 per sq.ft. This value increased dramatically to Rs 5,000 per sq.ft in 2012, marking a 400% increase. However, it then saw a decrease to Rs 3,350 per sq.ft in 2017, a decline of 33%. The value rose again to Rs 5,000 per sq.ft in 2023, followed by another increase to Rs 5,500 per sq.ft in 2024, reflecting a 10% rise.

There are no recorded figures for Kamarajar Street in the years 2002 and 2003. From 2007 to 2024, the overall increase in the guideline value is 450%, showcasing the fluctuations in property valuation over the years.

Guideline values in 2nd Division

In the 2nd Division village, there are 101 streets under the Kanchipuram Joint IV SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 11,000 per sq.ft. The median guideline value is Rs 1,650 per sq.ft, indicating that Kamarajar Street's 2024 figure of Rs 5,500 per sq.ft is significantly above this median.

• Kamatchiamman Avenue / Vishnukanchi Road: Rs 1,100 per sq.ft (2024)
• Kalvai karai Veeth (Bavaji Street): Rs 2,200 per sq.ft (2024)
• Kannappan Street: Rs 1,100 per sq.ft (2024)
• Jeeyar Narayanapalayam Street: Rs 1,100 per sq.ft (2024)
• Javulikadai Sathiram (Gandhi Road): Rs 11,000 per sq.ft (2024)
• Kotrampalayam Street: Rs 1,650 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 5,500 per sq.ft, the total guideline value amounts to Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total cost for these fees to Rs 4,95,000. It is important to note that 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 falls under the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 2nd Division

The guideline value is a critical factor in the registration process when buying or selling property in the 2nd Division. It determines the minimum value at which properties can be registered, ensuring that the transaction is officially recognized by the authorities.

When registering a property, buyers must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kamarajar Street?

The current guideline value of Kamarajar Street is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, reflecting a total increase of 450% over this period.

What is the land classification for Kamarajar Street?

Kamarajar Street is classified as Commercial Class I Type - II, indicating its suitability for commercial activities.

What are the stamp duty rates for properties in Kamarajar Street?

The stamp duty for properties in Kamarajar Street is 7% of the guideline value or sale price, whichever is higher. Additionally, there is a registration fee of 2%.

Where is the Sub Registrar Office for Kamarajar Street located?

The Kanchipuram Joint IV Sub Registrar Office is located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.