Guideline Value for Kamarajar Street

Kamarajar Street guideline value

The current guideline value of Kamarajar Street in Santhavellur_B village is Rs 200 per sq.ft, effective from 1 July 2024. This street falls under the Sunguvarchattram SRO and is classified as Residential Class IV Type - I.

How the guideline value of Kamarajar Street has changed

The guideline value for Kamarajar Street has seen several revisions over the years. The 2017 revision set the value at Rs 134 per sq.ft, which remained unchanged until the 2023 revision, where it was again Rs 200 per sq.ft. The 2024 revision also kept the value at Rs 200 per sq.ft, indicating no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2017 to 2024, the increase remains at 49%, with the most recent revisions showing stability in the guideline value for Kamarajar Street.

Guideline values in Santhavellur_B

In Santhavellur_B, there are 55 streets under the Sunguvarchattram SRO with a 2024 guideline value ranging from Rs 200 to Rs 2,000 per sq.ft. The median guideline value in this village is Rs 400 per sq.ft, placing Kamarajar Street's 2024 value below this median.

• Jothi Nagar: Rs 600 per sq.ft (2024)
• JBM Independence nagar: Rs 500 per sq.ft (2024)
• KKR Supreme City: Rs 2,000 per sq.ft (2024)
• Krishna Nagar: Rs 600 per sq.ft (2024)
• Indira Gandhi Street: Rs 200 per sq.ft (2024)
• Kullakkarai Street: 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 guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling 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 our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kamarajar Street?

Kamarajar Street is covered by 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 information.

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

The guideline value is a crucial factor during property registration in Santhavellur_B. It serves as a benchmark for determining the stamp duty and registration fees applicable to property transactions.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair and standardized rate, which helps in maintaining transparency in property dealings.

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 2017, with a significant increase of 49% from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023 and 2024.

What is the median guideline value in Santhavellur_B?

The median guideline value in Santhavellur_B is Rs 400 per sq.ft, which is higher than the current value of Kamarajar Street.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 2,00,000, leading to a stamp duty of Rs 14,000 and a registration fee of Rs 4,000, totaling Rs 18,000.

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.