Guideline Value for THERADI STREET (A) KAMARAJAR STREET

Theradi Street (A) Kamarajar Street guideline value

The current guideline value of Theradi Street (A) Kamarajar Street is Rs 1,500 per sq.ft, effective from 1 July 2024. This street is located in SingaperumalKoil village and falls under the Chengleput Joint II SRO. The land classification for this area is Mixed Type - I.

How the guideline value of Theradi Street (A) Kamarajar Street has changed

The guideline value for Theradi Street (A) Kamarajar Street has undergone several revisions over the years. In the 2007 revision, the value was Rs 250 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in the 2012 revision. However, the value saw a decrease to Rs 1,005 per sq.ft in the 2017 revision. The 2023 revision maintained the value at Rs 1,500 per sq.ft, which remains unchanged in the 2024 revision.

From 2017 to 2023, there was a notable increase of 49%. The overall change from the 2007 revision to the 2024 revision is an increase of 500%. It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in SingaperumalKoil

In SingaperumalKoil, there are 33 streets that carry a 2024 guideline value ranging from Rs 800 to Rs 2,000 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value for Theradi Street (A) Kamarajar Street is above this median.

• Thangammal Nagar: Rs 1,100 per sq.ft (2024)
• Thangammal Kalani: Rs 1,100 per sq.ft (2024)
• T.G.Balabathiran Street: Rs 1,100 per sq.ft (2024)
• Thiruvalluvar Street: Rs 800 per sq.ft (2024)
• Sri Perumbudur Road: Rs 1,500 per sq.ft (2024)
• Sannadhi Street: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Theradi Street (A) Kamarajar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value would be Rs 15,00,000. The stamp duty at 7% would amount to Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, leading to a total of Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Theradi Street (A) Kamarajar Street?

The Sub Registrar Office that covers Theradi Street (A) Kamarajar Street is 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 SingaperumalKoil

The guideline value is a crucial factor when buying or selling property in SingaperumalKoil. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transactions are conducted fairly and transparently.

When you register a property, the guideline value will be used to calculate the stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of Theradi Street (A) Kamarajar Street?

The current guideline value of Theradi Street (A) Kamarajar Street is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, starting from Rs 250 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2012, then decreasing to Rs 1,005 per sq.ft in 2017, and remaining at Rs 1,500 per sq.ft in both 2023 and 2024.

What is the land classification for Theradi Street (A) Kamarajar Street?

The land classification for Theradi Street (A) Kamarajar Street is Mixed Type - I, which indicates the type of development permissible in the area.

What is the stamp duty rate for property transactions in this area?

The stamp duty rate for property transactions in this area is 7%, which is applied to the higher of the guideline value or the sale price during registration.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information online.