Guideline Value for Kamarajar street(sivasakthi nagar)

Kamarajar street(sivasakthi nagar) guideline value

The current guideline value of Kamarajar street(sivasakthi nagar) is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Ayappakkam village, under the Ambattur SRO, and is classified as Residential Special Type - III.

How the guideline value of Kamarajar street(sivasakthi nagar) has changed

The guideline value for Kamarajar street(sivasakthi nagar) has undergone several revisions over the years. In 2007, the guideline value was Rs 400 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012. However, there was a decrease to Rs 1,005 per sq.ft in 2017. Following that, the value rose to Rs 1,500 per sq.ft in 2023 and is now set at Rs 1,600 per sq.ft in 2024, marking a 7% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. The earlier revisions show a drastic change from 2007 to 2012, where the value increased by 275%, but then it saw a decline of 33% from 2012 to 2017. Overall, from 2007 to 2024, the guideline value has increased by 300%. The register has no figures for the years 2002 and 2003 regarding this street.

Guideline values in Ayappakkam

In Ayappakkam, there are 221 streets under the Ambattur SRO that have a 2024 guideline value ranging from Rs 550 to Rs 4,000 per sq.ft. The median value among these streets is Rs 1,300 per sq.ft, placing Kamarajar street(sivasakthi nagar) above this median.

• Kamarajar street(v.o.c.nagar): Rs 1,600 per sq.ft (2024)
• Kamalammal Street (Rajammal nagar): Rs 1,300 per sq.ft (2024)
• Kalizhar Karunanithi street (Iyappan nagar): Rs 1,700 per sq.ft (2024)
• Kambar street(Bhavani nagar): Rs 1,600 per sq.ft (2024)
• Jr Enclave Phase - V: Rs 2,300 per sq.ft (2024)
• Jr Enclave Phase - IV: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Kamarajar street(sivasakthi nagar)

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 to Rs 1,44,000. Please note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamarajar street(sivasakthi nagar)?

The Sub Registrar Office that covers Kamarajar street(sivasakthi nagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai. You can find your SRO for more information.

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

The guideline value is an important factor when registering property transactions in Ayappakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the registration process is transparent and standardized.

When a property is bought or sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both the buyer and seller are aware of the costs involved in the transaction, based on the established guideline value for the specific area.

Frequently asked questions

What is the current guideline value of Kamarajar street(sivasakthi nagar)?

The current guideline value of Kamarajar street(sivasakthi nagar) is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 1,600 per sq.ft in 2024, reflecting an overall increase of 300% over the years.

What is the land classification of Kamarajar street(sivasakthi nagar)?

Kamarajar street(sivasakthi nagar) is classified as Residential Special Type - III, which indicates its suitability for residential purposes.

Where can I find the Sub Registrar Office for Kamarajar street(sivasakthi nagar)?

The Sub Registrar Office for Kamarajar street(sivasakthi nagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 16,00,000, the stamp duty would be Rs 1,12,000 at 7%.