Guideline Value for KAMALA NAGAR

Kamala Nagar guideline value

The current guideline value of Kamala Nagar is Rs 750 per sq.ft, effective from 1 July 2024. This area is located in Thiruninravur-A village, under the Avadi SRO, and is classified as Residential Class II Type - III.

How the guideline value of Kamala Nagar has changed

In the 2017 revision, the guideline value was Rs 469 per sq.ft. This increased to Rs 700 per sq.ft in the 2023 revision, marking a significant rise of 49%. The latest revision in 2024 saw the guideline value increase to Rs 750 per sq.ft, which is a 7% increase from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 60%. This consistent rise reflects the changing valuation of properties in the area.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO carrying a 2024 guideline value ranging from Rs 440 to Rs 2,750 per sq.ft. The median value for these streets is Rs 750 per sq.ft, which is equal to the current guideline value for Kamala Nagar.

• Kamaraj Nasgar: Rs 750 per sq.ft (2024)
• J.M. Nagar: Rs 950 per sq.ft (2024)
• Kannan Kulam: Rs 750 per sq.ft (2024)
• Kannikoil Street: Rs 440 per sq.ft (2024)
• Kanniyamman Koil St: Rs 440 per sq.ft (2024)
• Jeeva Nagar: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Kamala Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value would be Rs 7,50,000. The stamp duty at 7% would amount to Rs 52,500, and the registration fee at 2% would be Rs 15,000. Together, these fees would total Rs 67,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Kamala Nagar?

The Sub Registrar Office that covers Kamala Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thiruninravur-A

The guideline value is a crucial factor in property transactions in Thiruninravur-A, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that buyers and sellers must pay during the property transfer process.

When buying or selling property, it is essential to be aware of the current guideline value, as it can significantly impact the overall transaction costs. Buyers should ensure that the sale price is higher than or equal to the guideline value to avoid any legal issues during registration.

Frequently asked questions

What is the current guideline value of Kamala Nagar?

The current guideline value of Kamala Nagar is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023, and then to Rs 750 per sq.ft in 2024. This represents an overall increase of 60% from 2017 to 2024.

What is the land classification of Kamala Nagar?

Kamala Nagar is classified as Residential Class II Type - III. This classification is important for understanding the types of developments allowed in the area.

Where can I find the Sub Registrar Office for Kamala Nagar?

The Sub Registrar Office for Kamala Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is stamp duty calculated for properties in Kamala Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 52,500.