Guideline Value for Kammalar Street

Kammalar Street guideline value

The current guideline value of Kammalar Street in Valarpuram village under the Sriperumpudur SRO is Rs 200 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class III Type - I land classification.

How the guideline value of Kammalar Street has changed

In the 2012 revision, the guideline value was set at Rs 200 per sq.ft. This value remained unchanged in the subsequent revisions of 2017 and 2023, where it was also Rs 200 per sq.ft. The 2017 revision marked a significant increase from the 2012 figure of Rs 200, reflecting a 49% increase from Rs 134 per sq.ft in 2017. However, the 2024 revision shows no change, maintaining the value at Rs 200 per sq.ft.

The register has no figures for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 0%.

Guideline values in Valarpuram

In Valarpuram, there are 91 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 2,025 per sq.ft, with a median value of Rs 300 per sq.ft. Kammalar Street's 2024 figure is below this median.

• Kambar Street: Rs 200 per sq.ft (2024)
• Kamachi Colony: Rs 300 per sq.ft (2024)
• Kamachi Avenue Phase - II: Rs 300 per sq.ft (2024)
• Kamachi Avenue: Rs 300 per sq.ft (2024)
• Karthik Nagar: Rs 600 per sq.ft (2024)
• Karumariamman Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Kammalar Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Kammalar Street?

The Sub Registrar Office that covers Kammalar Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is crucial during property transactions as it determines the minimum value on which stamp duty and registration fees are calculated. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value serves as a benchmark for the transaction. If the sale price is higher than the guideline value, the stamp duty will be calculated based on the sale price instead.

Frequently asked questions

What is the current guideline value of Kammalar Street?

The current guideline value of Kammalar Street is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen no change from 2012 to 2024, remaining at Rs 200 per sq.ft. However, there was a 49% increase from Rs 134 per sq.ft in 2017 compared to the previous years.

What is the median guideline value in Valarpuram?

The median guideline value in Valarpuram is Rs 300 per sq.ft for the year 2024. Kammalar Street's guideline value is below this median.

What are the stamp duty and registration fees for Kammalar Street?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 18,000, based on the current guideline value of Rs 2,00,000.

Which office handles the registration for Kammalar Street?

The Sriperumpudur Sub Registrar Office handles the registration for Kammalar Street, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.