Guideline Value for KAMARAJ NAGAR 10TH WEST STREET

Kamaraj Nagar 10th West Street guideline value

The current guideline value of Kamaraj Nagar 10th West Street is Rs 9,900 per sq.ft, effective from 1 July 2024. This street is located in Thiruvanmiyur village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class I Type - I.

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

The guideline value for Kamaraj Nagar 10th West Street has seen significant changes over the years. In 2002, the guideline value was Rs 837 per sq.ft. This increased to Rs 926 per sq.ft in 2003, marking an 11% rise. The value continued to climb, reaching Rs 1,800 per sq.ft in 2007, which was a notable increase of 94%. By 2012, the value was Rs 9,000 per sq.ft, reflecting a substantial 400% increase from the previous revision.

From 2012 to 2017, the guideline value decreased to Rs 6,030 per sq.ft, a drop of 33%. However, from 2017 to 2023, it rose sharply to Rs 9,000 per sq.ft, which was a 49% increase. The most recent revision in 2024 set the guideline value at Rs 9,900 per sq.ft, marking a 10% increase from the previous year.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO, with a 2024 guideline value range from Rs 3,520 to Rs 12,660 per sq.ft. The median value is Rs 9,900 per sq.ft, which is equal to the current guideline value of Kamaraj Nagar 10th West Street.

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

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

For a 1,000 sq.ft plot at the current rate of Rs 9,900 per sq.ft, the guideline value amounts to Rs 99,00,000. The stamp duty at 7% would be Rs 6,93,000, and the registration fee at 2% would be Rs 1,98,000, bringing the total to Rs 8,91,000. 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 more details.

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

The Kamaraj Nagar 10th West Street falls under 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 an essential factor in property transactions in Thiruvanmiyur. It serves as a benchmark for determining the stamp duty and registration fees applicable during the registration of property transactions. Buyers and sellers must consider this value to ensure compliance with legal requirements.

When a property is bought or sold, the registration office uses the guideline value to calculate the applicable fees. It is crucial for both parties to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

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

The current guideline value of Kamaraj Nagar 10th West Street 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 837 per sq.ft in 2002 to Rs 9,900 per sq.ft in 2024, showing an overall increase of 1083% over the years.

What is the land classification for Kamaraj Nagar 10th West Street?

The land classification for Kamaraj Nagar 10th West Street is Residential Class I Type - I.

Where is the registration office for Kamaraj Nagar 10th West Street located?

The registration office for Kamaraj Nagar 10th West Street 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 the stamp duty calculated for properties in Kamaraj Nagar 10th West Street?

The stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 99,00,000, the stamp duty at 7% would be Rs 6,93,000.