Guideline Value for Kamarajar Street

Kamarajar Street guideline value

The current guideline value of Kamarajar Street in Nemili_B village, under the Sriperumpudur SRO, is Rs 200 per sq.ft as per the 2024 revision effective from 1 July 2024. The land classification for this street is Residential Class III Type - I.

How the guideline value of Kamarajar Street has changed

The guideline value for Kamarajar Street has remained consistent at Rs 200 per sq.ft from the 2023 revision to the 2024 revision, indicating no change. Prior to this, the 2017 revision recorded a guideline value of Rs 134 per sq.ft, marking a 49% increase from 2017 to 2023.

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

Guideline values in Nemili_B

In Nemili_B, there are 97 streets under the Sriperumpudur SRO that carry a guideline value for 2024, ranging from Rs 150 to Rs 1,500 per sq.ft, with a median value of Rs 250 per sq.ft. Kamarajar Street's 2024 guideline value is below this median.

• Kamatchi Nagar: Rs 250 per sq.ft (2024)
• Kakkan Street: Rs 200 per sq.ft (2024)
• Kannammal Nagar: Rs 200 per sq.ft (2024)
• Karanthangal Road(bangaluru main road to prince residentia): Rs 1,000 per sq.ft (2024)
• Karthik Nagar: Rs 200 per sq.ft (2024)
• Johnsirani Street: Rs 150 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 at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. 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 precise calculations.

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 Nemili_B

The guideline value is a crucial factor during the registration of property transactions in Nemili_B. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, it is essential to be aware of the guideline value as it may influence the final sale price. Buyers should ensure that the transaction aligns with the guideline value to avoid complications during registration.

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 as per the 2024 revision 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 from 2023 to 2024, while it was Rs 134 per sq.ft in 2017, showing a 49% increase over that period.

What is the land classification for Kamarajar Street?

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

Where can I find the Sub Registrar Office for Kamarajar Street?

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

How is stamp duty calculated for property in Kamarajar Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000, leading to a stamp duty of Rs 14,000.