Guideline Value for KAMARAJ NAGAR 10TH ST

Kamaraj Nagar 10th St guideline value

The current guideline value of Kamaraj Nagar 10th St is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Paleripattu village, under the Avadi SRO, and is classified as Commercial Special Type - I.

How the guideline value of Kamaraj Nagar 10th St has changed

The guideline value for Kamaraj Nagar 10th St has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which increased to Rs 804 per sq.ft in 2017. This was a decrease of 33%. However, from 2017 to 2023, the value rose significantly to Rs 1,800 per sq.ft, marking a 124% increase. The most recent revision in 2024 has further increased the guideline value to Rs 1,980 per sq.ft, a 10% rise from the previous year.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 65%.

Guideline values in Paleripattu

Paleripattu village has 111 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 801 to Rs 4,200 per sq.ft. The median value for these streets is Rs 990 per sq.ft, placing Kamaraj Nagar 10th St above this median.

• Kamaraj Nagar: Rs 1,980 per sq.ft (2024)
• Kamaraj Nagar 1st St: Rs 1,980 per sq.ft (2024)
• Kamaraj Nagar 2nd St: Rs 1,980 per sq.ft (2024)
• Kamaraj Nagar 3rd St: Rs 1,980 per sq.ft (2024)
• Kamaraj Nagar 4th St: Rs 1,980 per sq.ft (2024)
• Kamaraj Nagar 5th St: Rs 1,980 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total to Rs 1,78,200. It is important to note that 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 precise calculations.

Which Sub Registrar Office covers Kamaraj Nagar 10th St?

The Kamaraj Nagar 10th St is covered by the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Paleripattu. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two 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 Kamaraj Nagar 10th St?

The current guideline value of Kamaraj Nagar 10th St is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 1,980 per sq.ft in 2024, reflecting various revisions over the years.

What is the land classification for Kamaraj Nagar 10th St?

Kamaraj Nagar 10th St is classified as Commercial Special Type - I under the Avadi SRO.

How is the stamp duty calculated for properties in Kamaraj Nagar 10th St?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 1,38,600 based on the current guideline value.

Where can I find the Sub Registrar Office for Kamaraj Nagar 10th St?

The Avadi Sub Registrar Office covers Kamaraj Nagar 10th St, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.