Guideline Value for Kamarajar salai

Kamarajar salai guideline value

The current guideline value of Kamarajar salai in Menambedu village is Rs 1,002 per sq.ft, effective from 1 July 2024. This street falls under the Ambattur Sub Registrar Office (SRO) and is classified as Residential Class V Type - I.

How the guideline value of Kamarajar salai has changed

The guideline value for Kamarajar salai has seen several revisions over the years. The earliest available figure is from 2012, where the guideline value was Rs 700 per sq.ft. This was followed by a decrease to Rs 469 per sq.ft in 2017. The value then increased to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,002 per sq.ft from the 2024 revision. The register has no figure for the years 2002, 2003, and 2007.

Between the revisions, there have been significant changes. From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, there was a substantial increase of 113%. Overall, from 2012 to 2024, the guideline value has increased by 43%.

Guideline values in Menambedu

In Menambedu, there are 171 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 6,680 per sq.ft. The median guideline value for these streets is Rs 1,003 per sq.ft, making Kamarajar salai's 2024 figure below that median.

• Kamarajar Nagar: Rs 1,002 per sq.ft (2024)
• Kamakodi Street: Rs 1,000 per sq.ft (2024)
• Kallikuppam Road: Rs 1,700 per sq.ft (2024)
• Kamathenu Street: Rs 1,700 per sq.ft (2024)
• Kambar Street: Rs 1,001 per sq.ft (2024)
• Kaniappa Reddy Street: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Kamarajar salai

For a 1,000 sq.ft plot at the current guideline value of Rs 1,002 per sq.ft, the total guideline value would be Rs 10,02,000. The stamp duty at 7% would amount to Rs 70,140, and the registration fee at 2% would be Rs 20,040, bringing the total charges to Rs 90,180. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamarajar salai?

The Kamarajar salai falls under the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Menambedu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the value of the property being transacted. It is essential for buyers to be aware of the guideline value to avoid overpaying and for sellers to set realistic expectations regarding the sale price.

Frequently asked questions

What is the current guideline value of Kamarajar salai?

The current guideline value of Kamarajar salai is Rs 1,002 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 1,002 per sq.ft in 2024, with notable fluctuations in between, including a decrease to Rs 469 per sq.ft in 2017 and an increase to Rs 1,000 per sq.ft in 2023.

What is the land classification for Kamarajar salai?

Kamarajar salai is classified as Residential Class V Type - I under the Ambattur SRO.

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

The Sub Registrar Office covering Kamarajar salai is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is stamp duty calculated for properties in Kamarajar salai?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total charges would be Rs 90,180, including stamp duty and registration fees.