Guideline Value for Kamarajar Street

Kamarajar Street guideline value

The current guideline value of Kamarajar Street is Rs 400 per sq.ft, effective from 1 July 2024. This street is located in Vallam_B village under the Sriperumpudur SRO, classified as Residential Class I Type - I.

How the guideline value of Kamarajar Street has changed

According to the register, there are no figures available for Kamarajar Street for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 400 per sq.ft, which remained unchanged in the 2024 revision, indicating a 0% change between these two years.

The current guideline value of Rs 400 per sq.ft aligns with the median value for the 73 streets in Vallam_B that have a 2024 figure. This consistency reflects the stability of the guideline value for this street over the recent revisions.

Guideline values in Vallam_B

In Vallam_B, the guideline values range from Rs 150 to Rs 1,950 per sq.ft, with the median being Rs 400 per sq.ft. Kamarajar Street's 2024 figure matches this median value.

• Kamachi Nagar: Rs 200 per sq.ft (2024)
• Jemi Housing VMR Nagar Phase 3: Rs 200 per sq.ft (2024)
• Kavery Nagar: Rs 400 per sq.ft (2024)
• K.R. Nagar: Rs 1,950 per sq.ft (2024)
• Highway: Rs 600 per sq.ft (2024)
• Green Holiday Resorts: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Kamarajar Street

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the guideline value would be Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

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 Vallam_B

The guideline value is a critical factor in property transactions in Vallam_B, as it establishes the minimum value at which properties can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with local regulations.

During the registration process, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the state 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 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Kamarajar Street has remained Rs 400 per sq.ft since the 2023 revision, showing no change from the previous year. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Kamarajar Street?

Kamarajar Street is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the guideline values for other streets in Vallam_B?

Other streets in Vallam_B have varying guideline values, ranging from Rs 150 to Rs 1,950 per sq.ft. Kamarajar Street's value matches the median of Rs 400 per sq.ft for the area.

Where is the Sub Registrar Office for Kamarajar Street located?

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