Guideline Value for Kamarajar street

Kamarajar street guideline value

The current guideline value of Kamarajar street is Rs 950 per sq.ft, effective from 1 July 2024. This street is located in 44.Ayanambakkam village, under the Konnur SRO, and is classified as Residential Class III Type - II.

How the guideline value of Kamarajar street has changed

The guideline value for Kamarajar street has undergone several revisions over the years. The 2017 revision set the value at Rs 603 per sq.ft, which increased to Rs 900 per sq.ft in the 2023 revision. The latest revision in 2024 raised the value further to Rs 950 per sq.ft, marking a 6% increase from the previous year. Overall, from 2017 to 2024, the guideline value has risen by 58%.

It is important to note that the register has no figures for Kamarajar street for the years 2002, 2003, 2007, and 2012. This lack of data indicates that the street's value was not recorded during those revisions.

Guideline values in 44.Ayanambakkam

In 44.Ayanambakkam, there are 157 streets under the Konnur SRO that have a 2024 guideline value ranging from Rs 801 to Rs 9,702 per sq.ft. The median guideline value in this area is Rs 1,300 per sq.ft, placing Kamarajar street's 2024 value below this median.

• Kakkanji Street: Rs 950 per sq.ft (2024)
• Kakkanji Cross Street: Rs 950 per sq.ft (2024)
• Kasthuri (Bai) Nagar: Rs 3,100 per sq.ft (2024)
• Janasakthi Nagar: Rs 802 per sq.ft (2024)
• Indira Street: Rs 880 per sq.ft (2024)
• Indira Nagar: Rs 880 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 of Rs 950 per sq.ft, the guideline value would be Rs 9,50,000. The stamp duty at 7% would amount to Rs 66,500, and the registration fee at 2% would be Rs 19,000, totaling Rs 85,500. It is important to note that the 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 street?

Kamarajar street falls under the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

You can find your SRO for more information.

How the guideline value is used when you buy or sell in 44.Ayanambakkam

The guideline value is a crucial factor when registering property transactions in 44.Ayanambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of a property.

When you buy or sell property, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are collected by the government. This value is particularly important for buyers and sellers to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Kamarajar street?

The current guideline value of Kamarajar street is Rs 950 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value of Kamarajar street has increased from Rs 603 per sq.ft to Rs 950 per sq.ft, which is an overall increase of 58%.

What are the stamp duty rates for Kamarajar street?

The stamp duty for property in Kamarajar street is charged at 7% of the guideline value or the sale price, whichever is higher.

Which office handles registrations for Kamarajar street?

The Konnur Sub Registrar Office handles registrations for Kamarajar street, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

What is the range of guideline values in 44.Ayanambakkam?

The guideline values in 44.Ayanambakkam range from Rs 801 to Rs 9,702 per sq.ft, with a median value of Rs 1,300 per sq.ft.