Guideline Value for Kamarajar street

Kamarajar street guideline value

The current guideline value of Kamarajar street in Uthiramerur village is Rs 1,000 per sq.ft, effective from 1 July 2024. This street falls under the Uthiramerur Sub Registrar Office (SRO) and is classified as Residential Class I Type - I.

How the guideline value of Kamarajar street has changed

The guideline value for Kamarajar street has seen several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 147 per sq.ft. This increased significantly to Rs 1,000 per sq.ft in 2012, marking a substantial rise of 580%. However, in 2017, the value decreased to Rs 670 per sq.ft, a drop of 33%. From 2017 to 2023, the value increased again to Rs 1,000 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 has maintained the value at Rs 1,000 per sq.ft, showing no change from the previous year.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for Kamarajar street.

Guideline values in Uthiramerur

In Uthiramerur, there are 180 streets under the Uthiramerur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 1,800 per sq.ft. The median value among these streets is Rs 800 per sq.ft, placing Kamarajar street's 2024 value above this median.

• Kallamanagar Kuttakkarai-3: Rs 250 per sq.ft (2024)
• Kallamanagar Kuttakkarai-2: Rs 250 per sq.ft (2024)
• Kallamanagar Kuttakkarai-1: Rs 250 per sq.ft (2024)
• Kallamanagar Kutaikarai: Rs 250 per sq.ft (2024)
• Kallamanagar: Rs 250 per sq.ft (2024)
• Kakanalloor Sakthi Vinayagar Koil Street: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Kamarajar street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, while the registration fee at 2% would be Rs 20,000, making the total fees Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamarajar street?

Kamarajar street is covered by the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process for property transactions in Uthiramerur. It serves as a reference point for calculating the stamp duty and registration fees that are applicable when buying or selling property.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to determine the applicable duties and fees. This ensures that the government receives the correct amount from property transactions in the area.

Frequently asked questions

What is the current guideline value of Kamarajar street?

The current guideline value of Kamarajar street is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 147 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2024, reflecting an overall increase of 580% over the years.

What are the stamp duty and registration fees for Kamarajar street?

For a 1,000 sq.ft plot at the guideline value of Rs 1,000 per sq.ft, the total stamp duty and registration fees would be Rs 90,000.

Which office handles the registration for Kamarajar street?

The Uthiramerur Sub Registrar Office handles the registration for Kamarajar street, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It ensures that the correct fees are collected based on the higher of the guideline value or the sale price.