Guideline Value for KAMARAJ NAGAR 11TH EAST STREET

Kamaraj Nagar 11th East Street guideline value

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

Since the 2002 revision, the guideline value for Kamaraj Nagar 11th East Street has seen significant changes. In 2002, the value was Rs 962 per sq.ft, which increased to Rs 1,064 per sq.ft in 2003, marking an 11% rise. The value then increased by 69% to Rs 1,800 per sq.ft in 2007. Following this, there was a substantial jump of 400%, bringing the value to Rs 9,000 per sq.ft in 2012. However, it decreased by 33% to Rs 6,030 per sq.ft in 2017.

From 2017 to 2023, the value rose by 49% to Rs 9,000 per sq.ft. The most recent revision in 2024 saw a 10% increase, setting the current guideline value at Rs 9,900 per sq.ft. There are no figures available for the revisions prior to 2002 or any other years not listed in the register.

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 equal to the current value of Kamaraj Nagar 11th East Street.

• Kamaraj Nagar 11th Cross Street: Rs 9,900 per sq.ft (2024)
• Kamaraj Nagar 10th West 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 10th 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 East Street

For a 1,000 sq.ft plot at the current guideline value, the total value is 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, together amounting to Rs 8,91,000. 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 more details.

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

The Kamaraj Nagar 11th East 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 information.

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

The guideline value is a crucial factor when buying or selling property in Thiruvanmiyur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the registration process. Buyers should be aware that the guideline value can influence the overall costs involved in property transactions.

When registering a property, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue based on the value of the property being transferred.

Frequently asked questions

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

The current guideline value of Kamaraj Nagar 11th East 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 962 per sq.ft in 2002 to Rs 9,900 per sq.ft in 2024, showing an overall increase of 929% over the years.

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

Kamaraj Nagar 11th East Street is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property in this area?

The stamp duty is charged at 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a total fee of Rs 8,91,000.

Which office handles property registrations for Kamaraj Nagar 11th East Street?

The Chennai South Joint I Sub Registrar Office handles property registrations for Kamaraj Nagar 11th East Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.