Guideline Value for KAMALA NAGAR

Kamala Nagar guideline value

The current guideline value of Kamala Nagar, located in Thiruninravur-B village under the Avadi SRO, is Rs 770 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - III.

How the guideline value of Kamala Nagar has changed

Over the years, the guideline value for Kamala Nagar has seen significant changes. The 2017 revision recorded a guideline value of Rs 469 per sq.ft, which increased to Rs 700 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the value at Rs 770 per sq.ft, reflecting a further increase of 10% from the previous year. It is important to note that there are no figures available 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 64%. This steady rise in the guideline value indicates the evolving nature of property valuation in this locality.

Guideline values in Thiruninravur-B

In Thiruninravur-B, there are 374 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 1,760 per sq.ft. The median value for these streets is Rs 770 per sq.ft, which is equal to the guideline value of Kamala Nagar.

• Kaliya Nagar: Rs 330 per sq.ft (2024)
• Kamaraj Nasgar: Rs 770 per sq.ft (2024)
• J.M. Nagar: Rs 1,400 per sq.ft (2024)
• Kannan Kulam: Rs 770 per sq.ft (2024)
• Kannikoil Street: Rs 440 per sq.ft (2024)
• Kanniyamman Koil St: Rs 440 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 770 per sq.ft, the total guideline value would be Rs 7,70,000. The stamp duty, charged at 7%, would amount to Rs 53,900, while the registration fee at 2% would be Rs 15,400. Together, these fees would total Rs 69,300. It is important to note that 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 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 details.

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

The guideline value is a crucial factor in the registration process of property transactions in Thiruninravur-B. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the transaction is recorded accurately in the official records.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory costs associated with property transactions. This ensures that both buyers and sellers are aware of the financial implications of their agreements.

Frequently asked questions

What is the current guideline value of Kamala Nagar?

The current guideline value of Kamala Nagar is Rs 770 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 469 per sq.ft to Rs 770 per sq.ft in 2024, marking an overall increase of 64%.

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

For a property valued at Rs 7,70,000, the stamp duty would be Rs 53,900 and the registration fee would be Rs 15,400, totaling Rs 69,300.

Which Sub Registrar Office covers Kamala Nagar?

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

How is the guideline value used in property transactions?

The guideline value is used as a benchmark for registering property transactions, determining the minimum value for registration. It also aids in calculating the associated stamp duty and registration fees for buyers and sellers.