Guideline Value for RAJARAM METHA NAGAR - KAMBAR STREET

Rajaram Metha Nagar - Kambar Street guideline value

The current guideline value for Rajaram Metha Nagar - Kambar Street is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Vadaagaram village and falls under the Kodambakkam SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Rajaram Metha Nagar - Kambar Street has changed

The guideline value for Rajaram Metha Nagar - Kambar Street has undergone several revisions over the years. The earliest recorded figure is from 2007, set at Rs 1,350 per sq.ft. This value saw a significant increase to Rs 6,000 per sq.ft in 2012, followed by a decrease to Rs 4,020 per sq.ft in 2017. The most recent revisions show an increase to Rs 6,000 per sq.ft in 2023 and a further rise to Rs 6,600 per sq.ft in 2024. Notably, there are no figures available for the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%, while the change from 2012 to 2017 saw a decrease of 33%. The jump from 2007 to 2012 was substantial at 344%. Overall, from 2007 to 2024, the guideline value has increased by 389%.

Guideline values in Vadaagaram

In Vadaagaram, there are 78 streets under the Kodambakkam SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 16,500 per sq.ft, with a median value of Rs 6,600 per sq.ft. The guideline value for Rajaram Metha Nagar - Kambar Street aligns with this median.

• Rajaram Metha Nagar - Kakkan Street: Rs 3,300 per sq.ft (2024)
• Rajaram Metha Nagar Main Road: Rs 7,700 per sq.ft (2024)
• Rajaram Metha Nagar - Bharathiyar Street: Rs 6,600 per sq.ft (2024)
• Rajaram Metha Nagar - Malligai Garden Street: Rs 6,600 per sq.ft (2024)
• Rajaram Metha Nagar - Avvaiyar Street: Rs 6,600 per sq.ft (2024)
• Rajaram Metha Nagar - Rajeswari Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Rajaram Metha Nagar - Kambar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, bringing the total fees to Rs 5,94,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rajaram Metha Nagar - Kambar Street?

The Sub Registrar Office that covers Rajaram Metha Nagar - Kambar Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Vadaagaram. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. Buyers should be aware that the guideline value is set by the government and reflects the minimum value at which properties can be registered.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration process is transparent and adheres to the established legal framework.

Frequently asked questions

What is the current guideline value for Rajaram Metha Nagar - Kambar Street?

The current guideline value for Rajaram Metha Nagar - Kambar Street is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, with the earliest recorded value in 2007 at Rs 1,350 per sq.ft, rising to Rs 6,600 per sq.ft in 2024. The value saw fluctuations, including a decrease from Rs 6,000 per sq.ft in 2012 to Rs 4,020 per sq.ft in 2017.

What is the land classification for Rajaram Metha Nagar - Kambar Street?

The land classification for Rajaram Metha Nagar - Kambar Street is Residential Special Type - II. This classification affects the guideline value and the type of developments permitted in the area.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 66,00,000, the stamp duty would be Rs 4,62,000, and the registration fee would be Rs 1,32,000, totaling Rs 5,94,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office located for Rajaram Metha Nagar - Kambar Street?

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. This office handles the registration of properties in the area.