Guideline Value for Kamarajpuram

Kamarajpuram guideline value

The current guideline value of Kamarajpuram, located in Anakaputhur village under the Pammal SRO, is Rs 1,760 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - I land classification.

How the guideline value of Kamarajpuram has changed

The guideline value has seen significant changes over the years. In 2003, the value was Rs 216 per sq.ft, which increased to Rs 300 per sq.ft in 2007, marking a 39% rise. The value then surged to Rs 1,072 per sq.ft in 2017, reflecting a remarkable 257% increase. In 2023, the value further rose to Rs 1,600 per sq.ft, which was a 49% increase from the previous revision. The current guideline value is Rs 1,760 per sq.ft as of the 2024 revision, showing a 10% increase from 2023.

There are no figures available for the years 2002 and 2012 in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by 715%.

Guideline values in Anakaputhur

Anakaputhur village has a total of 501 streets under the Pammal SRO, with guideline values ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median value for these streets is Rs 1,980 per sq.ft, placing Kamarajpuram's 2024 figure below this median.

• Kamaraj Road: Rs 2,860 per sq.ft (2024)
• Kamaraj Salai (Thiruneermalai Road): Rs 2,860 per sq.ft (2024)
• Kamatachi Amman Nagar (Kamatachi Nagar): Rs 1,760 per sq.ft (2024)
• Kamatchi Nagar 1st Street: Rs 1,760 per sq.ft (2024)
• Kamatchi Nagar 2nd Street: Rs 1,760 per sq.ft (2024)
• Kamatchi Nagar 3rd Street: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Kamarajpuram

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value would be Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, totaling Rs 1,58,400. 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 precise calculations.

Which Sub Registrar Office covers Kamarajpuram?

The Sub Registrar Office that covers Kamarajpuram is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Anakaputhur. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the official value of the property. It is essential for buyers and sellers to be aware of these values to avoid disputes during the registration process.

Frequently asked questions

What is the current guideline value of Kamarajpuram?

The current guideline value of Kamarajpuram is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 216 per sq.ft in 2003 to Rs 1,760 per sq.ft in 2024, marking an overall increase of 715% over these years.

What is the registration fee for property in Kamarajpuram?

The registration fee is calculated at 2% of the guideline value, which would amount to Rs 35,200 for a property valued at Rs 17,60,000.

Where is the Sub Registrar Office located for Kamarajpuram?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum registration price for property transactions. It ensures that the correct stamp duty and registration fees are collected during the registration process.