Guideline Value for Kamarajar Street

Kamarajar Street guideline value

The current guideline value of Kamarajar Street is Rs 181 per sq.ft, effective from 1 July 2024. This street is located in Padichery village under the Sunguvarchattram SRO and falls under the Residential Class II Type - I land classification.

How the guideline value of Kamarajar Street has changed

The guideline value for Kamarajar Street has seen several revisions over the years. The 2012 revision set the value at Rs 180 per sq.ft, which slightly decreased to Rs 121 per sq.ft in the 2017 revision. From 2017 to 2023, the value increased by 50%, stabilizing at Rs 181 per sq.ft, a figure that remained unchanged in the 2024 revision as well.

It is important to note that there are no registered figures for Kamarajar Street in the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by just 1%.

Guideline values in Padichery

In Padichery, there are eight streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 181 to Rs 1,350 per sq.ft. The median guideline value for these streets is Rs 191 per sq.ft, placing Kamarajar Street's 2024 value below this median.

• Jeevan sakthi Teak Farms: Rs 181 per sq.ft (2024)
• K.S.K Nagar: Rs 200 per sq.ft (2024)
• Periyar Street: Rs 181 per sq.ft (2024)
• Please Plantations and Hills Resorts: Rs 181 per sq.ft (2024)
• Anna Street: Rs 200 per sq.ft (2024)
• Udaiyar Avenue: Rs 250 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 181 per sq.ft, the total guideline value amounts to Rs 1,81,000. The stamp duty at 7% would be Rs 12,670, and the registration fee at 2% would be Rs 3,620, bringing the total cost for these fees to Rs 16,290. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamarajar Street?

Kamarajar Street falls under the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling a property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory expenses during the transaction process.

It is important for buyers and sellers to be aware of the guideline value to ensure compliance with the legal requirements during property registration. This value is regularly updated and reflects the prevailing rates in the area.

Frequently asked questions

What is the current guideline value of Kamarajar Street?

The current guideline value of Kamarajar Street is Rs 181 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of Kamarajar Street has remained unchanged at Rs 181 per sq.ft from 2023 to 2024. It increased by 50% from Rs 121 per sq.ft in 2017 to Rs 181 per sq.ft in 2023.

What is the land classification for Kamarajar Street?

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

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

For a property valued at Rs 1,81,000, the stamp duty would be Rs 12,670 and the registration fee would be Rs 3,620, totaling Rs 16,290. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for Kamarajar Street?

The Sunguvarchattram Sub Registrar Office handles registrations for Kamarajar Street, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.