Guideline Value for KAMARAJ NAGAR 11TH CROSS STREET

Kamaraj Nagar 11th Cross Street guideline value

The current guideline value of Kamaraj Nagar 11th Cross 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 11th Cross Street has changed

The guideline value for Kamaraj Nagar 11th Cross Street has seen several revisions over the years. The earliest recorded figure is from 2002, which was Rs 837 per sq.ft. This figure increased to Rs 926 per sq.ft in 2003, marking an 11% rise. The value then jumped significantly to Rs 1,800 per sq.ft in 2007, reflecting a 94% increase. In 2012, the value was recorded at Rs 9,000 per sq.ft, showing a substantial 400% increase from the previous revision. However, in 2017, the guideline value dropped to Rs 6,030 per sq.ft, indicating a decrease of 33%. The value rose again to Rs 9,000 per sq.ft in 2023, before reaching the current figure of Rs 9,900 per sq.ft in 2024, a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1083%. There are no figures available for revisions in years not listed above for Kamaraj Nagar 11th Cross Street.

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 is Rs 9,900 per sq.ft, which is the same as the current figure for Kamaraj Nagar 11th Cross Street. Below are the guideline values for other streets in Thiruvanmiyur:

• Kamaraj Nagar 10th West 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 10th East 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 11th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 9,900 per sq.ft, the total guideline value would be 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 the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Kamaraj Nagar 11th Cross Street?

The Kamaraj Nagar 11th Cross Street 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 details.

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

The guideline value is a crucial factor during the registration of property transactions in Thiruvanmiyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the legal value of the property. It is essential for buyers to be aware of this value to ensure that they are paying a fair amount in taxes and fees during the registration process.

Frequently asked questions

What is the current guideline value of Kamaraj Nagar 11th Cross Street?

The current guideline value of Kamaraj Nagar 11th Cross 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, reflecting an overall increase of 1083% over this period.

What is the land classification for Kamaraj Nagar 11th Cross Street?

The land classification for Kamaraj Nagar 11th Cross Street is Residential Class I Type - I.

Where can I find the Sub Registrar Office for Kamaraj Nagar 11th Cross Street?

The Sub Registrar Office for Kamaraj Nagar 11th Cross Street is 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 Nagar 11th Cross Street?

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