Guideline Value for Kamarajar st ( Ward No.29 )

Kamarajar st ( Ward No.29 ) guideline value

The current guideline value of Kamarajar st ( Ward No.29 ) is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village, under the Madhavaram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Kamarajar st ( Ward No.29 ) has changed

In the 2017 revision, the guideline value was set at Rs 1,005 per sq.ft. The most recent revision in 2024 saw a significant increase of 59%, raising the guideline value to Rs 1,600 per sq.ft. There are no figures available for the years 2023, 2012, 2007, 2003, and 2002 for this street in the register.

Comparing the revisions, the increase from 2017 to 2024 marks a notable change in the guideline value. The 2024 figure aligns with the median value of Rs 1,600 per sq.ft for the 1,946 streets in Madhavaram under the Madhavaram SRO.

Guideline values in Madhavaram

The guideline values in Madhavaram range from Rs 1,300 to Rs 7,500 per sq.ft, with a median value of Rs 1,600 per sq.ft. Kamarajar st ( Ward No.29 ) is positioned at the median rate of Rs 1,600 per sq.ft.

• Kamarajar Street (Ward-8): Rs 1,600 per sq.ft (2024)
• Kamarajar Street (Ward-25): Rs 1,600 per sq.ft (2024)
• Kamarajar Street (Ward-16): Rs 1,600 per sq.ft (2024)
• Kamarajar Street (Ward-1): Rs 1,600 per sq.ft (2024)
• Kamaraj Nagar: Rs 1,600 per sq.ft (2024)
• Kamarajar St, Lakshmipuram (Ward-25): Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Kamarajar st ( Ward No.29 )

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total fees together to Rs 1,44,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamarajar st ( Ward No.29 )?

The Kamarajar st ( Ward No.29 ) falls under the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060, within the Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in property transactions in Madhavaram. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid during the registration process.

It is crucial for buyers and sellers to be aware of the current guideline value to ensure compliance with the legal requirements during property transactions. This value serves as a benchmark for assessing the worth of the property being registered.

Frequently asked questions

What is the current guideline value for Kamarajar st ( Ward No.29 )?

The current guideline value for Kamarajar st ( Ward No.29 ) is Rs 1,600 per sq.ft, as per the 2024 revision effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased by 59%, rising from Rs 1,005 per sq.ft to Rs 1,600 per sq.ft in 2024.

Are there any years with no guideline value figures for this street?

Yes, the guideline value register has no figures for Kamarajar st ( Ward No.29 ) for the years 2023, 2012, 2007, 2003, and 2002.

What is the land classification for Kamarajar st ( Ward No.29 )?

Kamarajar st ( Ward No.29 ) is classified as Residential Class II Type - I, indicating its designation for residential purposes.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles registrations for properties in the area.