Guideline Value for Kamarajar Street

Kamarajar Street guideline value

The current guideline value of Kamarajar Street in Agaramthen village is Rs 830 per sq.ft, effective from 1 July 2024. This street falls under the Tambaram Joint 1 SRO and is classified as Residential Class I Type - II.

How the guideline value of Kamarajar Street has changed

In the 2012 revision, the guideline value was set at Rs 750 per sq.ft. This value remained unchanged until the 2017 revision, which saw a decrease to Rs 502 per sq.ft, marking a drop of 33%. The subsequent 2023 revision increased the value to Rs 750 per sq.ft, and the latest 2024 revision further increased it to Rs 830 per sq.ft, reflecting an increase of 11% from the previous year. The register has no figures for the years 2002, 2003, and 2007.

From 2017 to 2023, the guideline value rose by 49%, and when considering the overall change from 2012 to 2024, there has been an increase of 11%. The current value of Rs 830 per sq.ft aligns with the median value for the 125 streets in Agaramthen under the Tambaram Joint 1 SRO.

Guideline values in Agaramthen

Agaramthen has a range of guideline values for its streets, with figures from Rs 440 to Rs 3,700 per sq.ft. The median value is Rs 830 per sq.ft, which is the same as the guideline value for Kamarajar Street. Other streets in Agaramthen include:

• Kamaraj Cross Street: Rs 830 per sq.ft (2024)
• Kamaraj Street: Rs 830 per sq.ft (2024)
• Kambar Street: Rs 830 per sq.ft (2024)
• Kakkanji Street: Rs 830 per sq.ft (2024)
• Kakkanji 1st Cross Street: Rs 830 per sq.ft (2024)
• Kannan Avenue: Rs 3,300 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, the guideline value would be Rs 8,30,000. The stamp duty at 7% would amount to Rs 58,100, and the registration fee at 2% would be Rs 16,600, bringing the total to Rs 74,700. 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 more details.

Which Sub Registrar Office covers Kamarajar Street?

The Sub Registrar Office that covers Kamarajar Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Agaramthen. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, both the buyer and seller must consider the guideline value, as it affects the overall cost of the transaction. The guideline value serves as a standard reference point for property transactions within the area.

Frequently asked questions

What is the current guideline value of Kamarajar Street?

The current guideline value of Kamarajar Street is Rs 830 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2012 to Rs 502 per sq.ft in 2017, then to Rs 750 per sq.ft in 2023, and finally to Rs 830 per sq.ft in 2024.

What is the land classification for Kamarajar Street?

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

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

The Sub Registrar Office for Kamarajar Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is stamp duty calculated for property in Kamarajar Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 8,30,000, the stamp duty would be Rs 58,100 at a rate of 7%.