Guideline Value for R..V. Kamalammal Street

R..V. Kamalammal Street guideline value

The current guideline value of R..V. Kamalammal Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Ayappakkam village under the Ambattur SRO and falls under the Residential Class I Type - II land classification.

How the guideline value of R..V. Kamalammal Street has changed

Over the years, the guideline value of R..V. Kamalammal Street has seen significant changes. The earliest recorded revision in 2003 set the value at Rs 105 per sq.ft. This figure increased to Rs 400 per sq.ft in 2007, marking a substantial rise of 281%. In 2012, the value was revised to Rs 1,000 per sq.ft, reflecting a 150% increase from the previous figure. However, this was followed by a decrease to Rs 670 per sq.ft in 2017, a drop of 33%. The value then rose to Rs 1,000 per sq.ft in 2023, showing a notable increase of 49%. The latest revision in 2024 has set the guideline value at Rs 1,100 per sq.ft, which is a 10% increase from the previous year.

It is important to note that there is no recorded figure for R..V. Kamalammal Street in the 2002 revision. Overall, from 2003 to 2024, the guideline value has increased by 948%.

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. The median guideline value in the village is Rs 1,300 per sq.ft, placing R..V. Kamalammal Street's 2024 figure below this median.

• RuckmaniAmmal Street(Santhosh nagar): Rs 1,100 per sq.ft (2024)
• Royal Star Phase-IV: Rs 3,433 per sq.ft (2024)
• Royal Star Phase III: Rs 3,433 per sq.ft (2024)
• Royal Star Phase II: Rs 3,433 per sq.ft (2024)
• Royal Star: Rs 3,300 per sq.ft (2024)
• Sakthi Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in R..V. Kamalammal Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. 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 R..V. Kamalammal Street?

The Sub Registrar Office that covers R..V. Kamalammal Street 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 details.

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

The guideline value plays a crucial role during the registration of property transactions in Ayappakkam. It serves as a benchmark for calculating the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is sold, the guideline value is considered to ensure that the transaction is recorded accurately. Buyers and sellers must be aware of the guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of R..V. Kamalammal Street?

The current guideline value of R..V. Kamalammal Street is Rs 1,100 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 105 per sq.ft in 2003 to Rs 1,100 per sq.ft in 2024, marking an increase of 948% over this period.

What are the stamp duty and registration fees for property in R..V. Kamalammal Street?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which Sub Registrar Office covers R..V. Kamalammal Street?

The Ambattur Sub Registrar Office covers R..V. Kamalammal Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the land classification for R..V. Kamalammal Street?

R..V. Kamalammal Street falls under the Residential Class I Type - II land classification.