Guideline Value for KAMALA NEHRU MAIN ROAD

Kamala Nehru Main Road guideline value

The current guideline value of Kamala Nehru Main Road is Rs 5,000 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village, under the Kodambakkam SRO, and is classified as Residential Class III Type - I.

How the guideline value of Kamala Nehru Main Road has changed

The guideline value for Kamala Nehru Main Road has undergone several revisions over the years. In 2007, the value was Rs 1,400 per sq.ft, which increased significantly to Rs 4,600 per sq.ft in 2012, marking a rise of 229%. However, from 2012 to 2017, the value decreased to Rs 3,082 per sq.ft, a drop of 33%. The value then saw a substantial increase to Rs 4,600 per sq.ft in 2023, reflecting a growth of 49%. The most recent revision in 2024 set the value at Rs 5,000 per sq.ft, which is a 9% increase from the previous year.

The register has no figures for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 257%.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value for these streets is Rs 5,800 per sq.ft, placing Kamala Nehru Main Road's 2024 figure below that median.

• Kamala Nehru Nagar 1st Street: Rs 5,000 per sq.ft (2024)
• Kamala Nehru Nagar 2nd Street: Rs 5,800 per sq.ft (2024)
• Kalyanapuram: Rs 5,800 per sq.ft (2024)
• Kamaraj Colony 1st Street: Rs 4,600 per sq.ft (2024)
• Kamaraj Colony 2nd Street: Rs 4,400 per sq.ft (2024)
• Kamaraj Colony 3rd Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Kamala Nehru Main Road

For a 1,000 sq.ft plot at the current rate of Rs 5,000 per sq.ft, the guideline value would be Rs 50,00,000. The stamp duty at 7% would amount to Rs 3,50,000, and the registration fee at 2% would be Rs 1,00,000, bringing the total to Rs 4,50,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kamala Nehru Main Road?

The Sub Registrar Office that covers Kamala Nehru Main Road is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Puliyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property sales.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial obligations involved in the transaction, based on the established guideline value.

Frequently asked questions

What is the current guideline value of Kamala Nehru Main Road?

The current guideline value of Kamala Nehru Main Road is Rs 5,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,400 per sq.ft in 2007 to Rs 5,000 per sq.ft in 2024, reflecting an overall increase of 257% over the years.

What is the land classification of Kamala Nehru Main Road?

Kamala Nehru Main Road is classified as Residential Class III Type - I.

Where can I find the Sub Registrar Office for Kamala Nehru Main Road?

The Sub Registrar Office for Kamala Nehru Main Road is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is stamp duty calculated for properties in Kamala Nehru Main Road?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 50,00,000 would incur a stamp duty of Rs 3,50,000 at 7%.