Guideline Value for KAMARAJ AVENUE

Kamaraj Avenue guideline value

The current guideline value of Kamaraj Avenue, located in Thiruvanmiyur village, is Rs 9,900 per sq.ft as per the 2024 revision. This guideline value is effective from 1 July 2024 and falls under the Residential Class I Type - I land classification within the Chennai South Joint I SRO.

How the guideline value of Kamaraj Avenue has changed

Since the early 2000s, the guideline value of Kamaraj Avenue has seen significant changes. In 2002, the guideline value was Rs 1,396 per sq.ft. This figure rose to Rs 1,544 per sq.ft in 2003, marking an increase of 11%. By 2007, the value jumped dramatically to Rs 1,800 per sq.ft, which represented a 17% increase. The 2012 revision saw a notable rise to Rs 9,000 per sq.ft, reflecting a 400% increase from 2007. However, in 2017, the value decreased to Rs 6,030 per sq.ft, a decline of 33%. The guideline value then increased to Rs 9,000 per sq.ft in 2023, followed by a further increase to Rs 9,900 per sq.ft in 2024, which is a 10% rise from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 609%. There are no revisions available for Kamaraj Avenue for the years not mentioned in the register.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 3,520 to Rs 12,660 per sq.ft. The median guideline value for the area is Rs 9,900 per sq.ft, and Kamaraj Avenue's 2024 figure aligns with this median.

• Kamaraj Nagar 10th East Street: Rs 9,900 per sq.ft (2024)
• Kamaraj Nagar 10th West Street: Rs 9,900 per sq.ft (2024)
• Kamaraj Nagar 11th Cross Street: Rs 9,900 per sq.ft (2024)
• Kamaraj Nagar 11th East Street: Rs 9,900 per sq.ft (2024)
• Kamaraj Nagar 11th West Street: Rs 9,900 per sq.ft (2024)
• Kamaraj Nagar 12th East Street: Rs 9,900 per sq.ft (2024)

Stamp duty and registration fee for property in Kamaraj Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 9,900 per sq.ft, the total guideline value amounts to Rs 99,00,000. The stamp duty is charged at 7%, which would be Rs 6,93,000, and the registration fee is charged at 2%, amounting to Rs 1,98,000. Together, the total fees would be Rs 8,91,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kamaraj Avenue?

Kamaraj Avenue is covered by the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process for property transactions in Thiruvanmiyur. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the transaction is in line with the prevailing market conditions as reflected in the guideline value register.

When buying or selling property, the guideline value aids in calculating the stamp duty and registration fees, which are essential costs associated with the transaction. Buyers and sellers should be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Kamaraj Avenue?

The current guideline value of Kamaraj Avenue is Rs 9,900 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 1,396 per sq.ft in 2002 to Rs 9,900 per sq.ft in 2024, reflecting an overall increase of 609% over this period.

What is the land classification for Kamaraj Avenue?

Kamaraj Avenue falls under the Residential Class I Type - I land classification, which is designated for residential purposes.

What is the registration office for Kamaraj Avenue?

The registration office covering Kamaraj Avenue is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

How is stamp duty calculated for properties in Kamaraj Avenue?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 6,93,000.