Guideline Value for KAMALA NEHRU NAGAR 1ST STREET

Kamala Nehru Nagar 1st Street guideline value

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

How the guideline value of Kamala Nehru Nagar 1st Street has changed

The guideline value for Kamala Nehru Nagar 1st Street has seen several revisions over the years. The oldest available figure is from 2003, which was Rs 698 per sq.ft. This value increased to Rs 1,400 per sq.ft in 2007, marking a significant rise of 101%. In 2012, the value changed to Rs 4,600 per sq.ft, showing a dramatic increase of 229%. However, it then decreased to Rs 3,082 per sq.ft in 2017, reflecting a decline of 33%. The value rose again to Rs 4,600 per sq.ft in 2023, and finally reached Rs 5,000 per sq.ft in the 2024 revision, which is a 9% increase from the previous year.

It is important to note that there is no figure available for the year 2002 for this street. Overall, from 2003 to 2024, the guideline value has increased by 616%, showcasing substantial growth over the years.

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 guideline value in this village is Rs 5,800 per sq.ft, which indicates that Kamala Nehru Nagar 1st Street's 2024 figure is below this median.

• Kamala Nehru Main Road: 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 Nagar 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,000 per sq.ft, the total guideline value amounts to Rs 50,00,000. The stamp duty at 7% would be Rs 3,50,000, and the registration fee at 2% would be Rs 1,00,000, making the total amount Rs 4,50,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Kamala Nehru Nagar 1st Street?

The Sub Registrar Office that covers Kamala Nehru Nagar 1st Street 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 is a crucial factor in the registration process when buying or selling property in Puliyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kamala Nehru Nagar 1st Street?

The current guideline value of Kamala Nehru Nagar 1st Street 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 significantly, from Rs 698 per sq.ft in 2003 to Rs 5,000 per sq.ft in 2024, reflecting an overall increase of 616% over the years.

What is the median guideline value in Puliyur?

The median guideline value in Puliyur is Rs 5,800 per sq.ft, which is higher than the current value of Kamala Nehru Nagar 1st Street.

What are the stamp duty rates applicable in Kamala Nehru Nagar 1st Street?

The stamp duty rate is 7% on the guideline value or sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.

Where is the Sub Registrar Office for Kamala Nehru Nagar 1st Street located?

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.