Guideline Value

Corporate

Guideline Value for SRI KAMALA PURAM

₹250/sq.ft.

The guideline value for Sri Kamala Puram in Sasithrampakkam village (Chengleput Joint Ii SRO, Chengalpattu zone) is Rs 250 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Sasithrampakkam

Village

Chengleput Joint II

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹250 /sq.ft.
From 1-4-2023 ₹250 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹167 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹250 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

10, Kancheepuram Main Road, Chengalpattu 603 002.
044-27422003
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Sri Kamala Puram

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Sri Kamala Puram guideline value

The current guideline value of Sri Kamala Puram, located in Sasithrampakkam village, is Rs 250 per sq.ft, effective from 1 July 2024. This area falls under the Chengleput Joint II SRO and is classified as Residential Class II Type - I.

How the guideline value of Sri Kamala Puram has changed

Over the years, the guideline value for Sri Kamala Puram has seen several revisions. The most recent revision in 2024 maintains the guideline value at Rs 250 per sq.ft, which is unchanged from the 2023 revision. Prior to that, the 2017 revision recorded a value of Rs 167 per sq.ft, marking a 50% increase from that year to 2023. The 2012 revision also set the value at Rs 250 per sq.ft, indicating a decrease of 33% from the 2012 figure to the 2017 figure. Overall, comparing the 2012 revision to the current 2024 revision shows no change, as both are at Rs 250 per sq.ft.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. The changes in the guideline value reflect the adjustments made over the years, with the most significant change occurring between 2017 and 2023.

Guideline values in Sasithrampakkam

In Sasithrampakkam, there are 12 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 250 to Rs 1,000 per sq.ft, with a median value of Rs 250 per sq.ft. The guideline value for Sri Kamala Puram aligns with this median.

Stamp duty and registration fee for property in Sri Kamala Puram

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total fees to Rs 22,500. It is essential to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Kamala Puram?

Sri Kamala Puram falls under the jurisdiction of the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 Sasithrampakkam

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

When buying or selling property, the guideline value helps both parties understand the legal requirements and financial implications of the transaction. It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations and to avoid any potential disputes during the registration process.

Frequently asked questions

What is the current guideline value of Sri Kamala Puram?

The current guideline value of Sri Kamala Puram is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 250 per sq.ft in 2024, unchanged from 2023. The value was Rs 167 per sq.ft in 2017 and Rs 250 per sq.ft in 2012.

Which Sub Registrar Office covers Sri Kamala Puram?

The Chengleput Joint II Sub Registrar Office covers Sri Kamala Puram, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What are the stamp duty and registration fees for property in Sri Kamala Puram?

For a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500 and the registration fee would be Rs 5,000, totaling Rs 22,500.

What is the land classification of Sri Kamala Puram?

Sri Kamala Puram is classified as Residential Class II Type - I, which indicates its designated use for residential purposes.