Guideline Value for KAMARAJ NAGAR 10TH CROSS STREET

Kamaraj Nagar 10th Cross Street guideline value

The current guideline value of Kamaraj Nagar 10th Cross Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Perungudi village under the Neelankarai SRO and is classified as Residential Class II Type - II.

How the guideline value of Kamaraj Nagar 10th Cross Street has changed

The guideline value for Kamaraj Nagar 10th Cross Street has undergone several revisions since 2002. The figures are as follows: in 2002, the value was Rs 173 per sq.ft, which increased to Rs 250 per sq.ft in 2003. By 2007, the value rose significantly to Rs 600 per sq.ft, followed by a substantial increase to Rs 3,000 per sq.ft in 2012. However, it decreased to Rs 2,010 per sq.ft in 2017, before rising to Rs 3,000 per sq.ft in 2023 and finally reaching Rs 3,300 per sq.ft in the 2024 revision.

When examining the changes between these revisions, we see that from 2002 to 2024, the guideline value has increased by 1,808%. The most notable change was from 2007 to 2012, where the value increased by 400%. The value then decreased by 33% from 2012 to 2017. From 2017 to 2023, it increased by 49%, and from 2023 to 2024, there was a 10% rise.

Guideline values in Perungudi

In Perungudi village, there are 249 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median value is Rs 3,300 per sq.ft, which is equal to the current guideline value of Kamaraj Nagar 10th Cross Street.

• KAMARAJ NAGAR 12th CROSS STREET: Rs 3,300 per sq.ft (2024)
• Kamaraj Nagar 13th Cross Street: Rs 3,300 per sq.ft (2024)
• Kamaraj Nagar 14th Cross Street: Rs 3,300 per sq.ft (2024)
• Kamaraj Nagar 1st Cross Street: Rs 3,300 per sq.ft (2024)
• Kamaraj Nagar 1st Street: Rs 3,300 per sq.ft (2024)
• Kamaraj Nagar 2nd Cross Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kamaraj Nagar 10th Cross Street

For a property of 1,000 sq.ft at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, while the registration fee at 2% would be Rs 66,000. Together, the total cost for stamp duty and registration would be Rs 2,97,000. It is important to note that 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 further calculations.

Which Sub Registrar Office covers Kamaraj Nagar 10th Cross Street?

The Kamaraj Nagar 10th Cross Street falls under the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor during the registration of property transactions in Perungudi. 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 stamp duty and registration fees.

When buying or selling property, the guideline value must be considered alongside the sale price. The higher of the two values is used to calculate the stamp duty and registration fees, which are essential components of the property transaction process.

Frequently asked questions

What is the current guideline value of Kamaraj Nagar 10th Cross Street?

The current guideline value of Kamaraj Nagar 10th Cross Street is Rs 3,300 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 173 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 1,808%.

What are the other streets in Perungudi with the same guideline value?

Other streets in Perungudi with the same guideline value of Rs 3,300 per sq.ft include Kamaraj Nagar 12th Cross Street, Kamaraj Nagar 13th Cross Street, Kamaraj Nagar 14th Cross Street, Kamaraj Nagar 1st Cross Street, Kamaraj Nagar 1st Street, and Kamaraj Nagar 2nd Cross Street.

What is the stamp duty rate for property transactions?

The stamp duty rate for property transactions is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.