Guideline Value for kamarajar street arundhathipalayam

Kamarajar Street Arundhathipalayam guideline value

The current guideline value of Kamarajar Street Arundhathipalayam is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Thirumazhisai village, falling under the Poonamallee SRO, and is classified as Residential Special Type - I.

How the guideline value of Kamarajar Street Arundhathipalayam has changed

The guideline value for Kamarajar Street Arundhathipalayam has seen several revisions over the years. In 2007, the guideline value was Rs 200 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012, marking a 400% rise. However, by 2017, the value decreased to Rs 670 per sq.ft, a drop of 33%. The value then rose to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,100 per sq.ft following the 2024 revision, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 450%.

Guideline values in Thirumazhisai

In Thirumazhisai, there are 86 streets under the Poonamallee SRO that carry a 2024 guideline value ranging from Rs 730 to Rs 3,500 per sq.ft, with a median value of Rs 1,320 per sq.ft. Kamarajar Street Arundhathipalayam's 2024 figure is below this median.

• Kamarajar theruperumal koil pundthottam: Rs 1,100 per sq.ft (2024)
• Kamarajar street: Rs 1,100 per sq.ft (2024)
• Kasthuribai Nagar: Rs 1,430 per sq.ft (2024)
• Kasturibai street: Rs 1,100 per sq.ft (2024)
• Jaguar City: Rs 2,625 per sq.ft (2024)
• Kslashtri Baby Nagar: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Kamarajar Street Arundhathipalayam

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the 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, totaling Rs 99,000. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamarajar Street Arundhathipalayam?

The Sub Registrar Office that covers Kamarajar Street Arundhathipalayam is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Thirumazhisai. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is used to calculate the applicable charges, ensuring that both buyers and sellers are aware of the financial implications of their transactions. This helps maintain transparency and standardization in property dealings.

Frequently asked questions

What is the current guideline value of Kamarajar Street Arundhathipalayam?

The current guideline value of Kamarajar Street Arundhathipalayam 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 from Rs 200 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 450% over this period.

What are the stamp duty and registration fees for properties here?

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 this area?

The Poonamallee Sub Registrar Office covers Kamarajar Street Arundhathipalayam, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.

What is the land classification for Kamarajar Street Arundhathipalayam?

Kamarajar Street Arundhathipalayam is classified as Residential Special Type - I according to the guideline value register.