Guideline Value for KAMARAJ NAGAR ( 1 TO 4 STREETS)

Kamaraj Nagar ( 1 To 4 Streets) guideline value

The current guideline value of Kamaraj Nagar ( 1 To 4 Streets) is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Issa Pallavaram village, under the Pallavaram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Kamaraj Nagar ( 1 To 4 Streets) has changed

The guideline value for Kamaraj Nagar has undergone several revisions over the years. The oldest recorded figure is from 2012, when it was Rs 2,000 per sq.ft. This value remained the same until 2017, when it decreased to Rs 1,340 per sq.ft, marking a decline of 33%. In 2023, the guideline value increased significantly to Rs 2,000 per sq.ft, and then further rose to Rs 2,200 per sq.ft in 2024, reflecting a 10% increase.

Between the revisions, the most notable change was from 2017 to 2023, where the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Issa Pallavaram

In Issa Pallavaram, there are 110 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft, with a median value of Rs 3,300 per sq.ft. Kamaraj Nagar's 2024 figure is below this median.

• Kamaraj Nagar: Rs 2,200 per sq.ft (2024)
• Kamaraj Street: Rs 2,200 per sq.ft (2024)
• Kambar Street: Rs 2,200 per sq.ft (2024)
• Kannabiran Koil Street (PART): Rs 2,200 per sq.ft (2024)
• Kannan Street: Rs 2,200 per sq.ft (2024)
• Kaji Saheb Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kamaraj Nagar ( 1 To 4 Streets)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kamaraj Nagar ( 1 To 4 Streets)?

The Sub Registrar Office that covers Kamaraj Nagar is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Issa Pallavaram. It serves as a benchmark for determining the minimum value of property transactions, ensuring that the registration fees and stamp duties are calculated accurately based on this value.

When buying or selling property, the guideline value helps in establishing a fair price for registration purposes. It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Kamaraj Nagar?

The current guideline value of Kamaraj Nagar ( 1 To 4 Streets) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 in 2012 to Rs 1,340 in 2017, then back to Rs 2,000 in 2023, and finally to Rs 2,200 in 2024.

What is the land classification for Kamaraj Nagar?

Kamaraj Nagar is classified as Residential Class II Type - I, indicating its suitability for residential purposes.

What are the stamp duty rates in Kamaraj Nagar?

The stamp duty in Kamaraj Nagar is charged at 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Kamaraj Nagar located?

The Sub Registrar Office for Kamaraj Nagar is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone.