Guideline Value for Kamarajar street(v.o.c.nagar)

Kamarajar street(v.o.c.nagar) guideline value

The current guideline value of Kamarajar street(v.o.c.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(v.o.c.nagar) has changed

The guideline value for Kamarajar street(v.o.c.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, it saw a decline to Rs 1,005 per sq.ft in 2017. The value then rose to Rs 1,500 per sq.ft in 2023, and currently stands at Rs 1,600 per sq.ft as per the 2024 revision.

Notably, the changes between these revisions are quite significant. From 2007 to 2012, there was an increase of 275%, followed by a decrease of 33% from 2012 to 2017. The value then increased by 49% from 2017 to 2023, and finally, a rise of 7% from 2023 to 2024. Overall, the guideline value has increased by 300% from 2007 to 2024. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ayappakkam

In Ayappakkam, there are 221 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 4,000 per sq.ft, with a median value of Rs 1,300 per sq.ft. Kamarajar street(v.o.c.nagar) has a guideline value above this median.

• Kamarajar street(sivasakthi 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(v.o.c.nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, making a total of Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kamarajar street(v.o.c.nagar)?

The Sub Registrar Office that covers Kamarajar street(v.o.c.nagar) is 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 Ayappakkam

The guideline value plays a crucial role in property transactions in Ayappakkam, as it is used to determine the stamp duty and registration fees applicable during the sale or purchase of property. Buyers and sellers must refer to the current guideline value to ensure compliance with legal requirements.

When registering a property, 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 in the area.

Frequently asked questions

What is the current guideline value of Kamarajar street(v.o.c.nagar)?

The current guideline value of Kamarajar street(v.o.c.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 significantly from Rs 400 per sq.ft in 2007 to Rs 1,600 per sq.ft in 2024, representing an overall increase of 300%.

What is the classification of Kamarajar street(v.o.c.nagar)?

Kamarajar street(v.o.c.nagar) is classified as Residential Special Type - III.

Which Sub Registrar Office covers this street?

The Ambattur Sub Registrar Office covers Kamarajar street(v.o.c.nagar), located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Ayappakkam?

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