Guideline Value for Kamarajar Street

Kamarajar Street guideline value

The current guideline value of Kamarajar Street in Amarampedu village, under the Sriperumpudur SRO, is Rs 200 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 of Kamarajar Street has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 200 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 134 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 200 per sq.ft. The 2024 revision also maintains this value, showing no change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for Kamarajar Street. Overall, comparing the 2012 figure to the 2024 figure, there is no net change, as both years reflect a guideline value of Rs 200 per sq.ft.

Guideline values in Amarampedu

In Amarampedu, there are 45 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 100 to Rs 500 per sq.ft. The median value among these streets is Rs 200 per sq.ft, which is equal to the current guideline value of Kamarajar Street.

• Kalaignar Street: Rs 150 per sq.ft (2024)
• Kanniamman Koil Street: Rs 150 per sq.ft (2024)
• Kannika Parameswari Nagar: Rs 200 per sq.ft (2024)
• Jai Nagar: Rs 350 per sq.ft (2024)
• Indira Gandhi Street: Rs 100 per sq.ft (2024)
• Kundrathur Main Road: Rs 500 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 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty, charged at 7%, would be Rs 14,000, while the registration fee at 2% would be Rs 4,000. Therefore, the total cost for these fees would be Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamarajar Street?

The Sub Registrar Office that covers Kamarajar Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Amarampedu. It serves as a benchmark for determining the stamp duty and registration fees applicable during property transactions. Buyers and sellers must consider this value to ensure compliance with legal requirements during the registration process.

When a property is sold, the guideline value is used to calculate the applicable fees, which are based on either the guideline value or the sale price, whichever is higher. 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 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft since 2012, with a decrease to Rs 134 per sq.ft in 2017. It then increased back to Rs 200 per sq.ft in 2023 and has not changed in 2024.

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

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 18,000.

Which office handles property registrations for Kamarajar Street?

The Sriperumpudur Sub Registrar Office handles property registrations for Kamarajar Street, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It is based on either the guideline value or the sale price, whichever is higher.