Guideline Value for Kamarajar Street

Kamarajar Street guideline value

The current guideline value of Kamarajar Street in Santhavellur_C 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 remained unchanged at Rs 200 per sq.ft from the 2023 revision to the 2024 revision. Prior to this, the 2017 revision recorded a guideline value of Rs 134 per sq.ft, marking a significant increase of 49% from 2017 to 2023.

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

Guideline values in Santhavellur_C

In Santhavellur_C, there are 52 streets under the Sunguvarchattram SRO that have a 2024 guideline value ranging from Rs 200 to Rs 2,000 per sq.ft, with a median value of Rs 350 per sq.ft. Kamarajar Street's 2024 figure is 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 rate of Rs 200 per sq.ft, the 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, totaling Rs 18,000. 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 further details.

Which Sub Registrar Office covers Kamarajar Street?

Kamarajar Street is covered by the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, 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_C

The guideline value plays a crucial role in the registration process of property transactions in Santhavellur_C. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

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 much has the guideline value changed in recent years?

The guideline value has remained unchanged at Rs 200 per sq.ft from the 2023 revision to the 2024 revision. From the 2017 revision to 2023, it increased by 49% from Rs 134 per sq.ft.

What is the land classification for Kamarajar Street?

Kamarajar Street is classified as Residential Class IV Type - I.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7%, and the registration fee is charged at 2% of the guideline value or sale price, whichever is higher. For a property valued at Rs 2,00,000, the total fees would be Rs 18,000.

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

The Sub Registrar Office covering Kamarajar Street is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.