Guideline Value for KAMARAJ NAGAR 11TH WEST STREET

Kamaraj Nagar 11th West Street guideline value

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

The guideline value for Kamaraj Nagar 11th West Street has undergone several revisions over the years. The earliest recorded figure is from 2002, which was Rs 846 per sq.ft. This increased to Rs 936 per sq.ft in 2003, marking an increase of 11%. Following this, the value rose significantly to Rs 1,800 per sq.ft in 2007, reflecting a 92% increase. In 2012, the guideline value changed to Rs 9,000 per sq.ft, which was a substantial increase of 400% from the previous revision. However, this figure decreased to Rs 6,030 per sq.ft in 2017, a drop of 33%. The value then increased to Rs 9,000 per sq.ft in 2023, followed by the current value of Rs 9,900 per sq.ft in 2024, which represents a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1,070%. There are no figures available for the years not mentioned in this register for Kamaraj Nagar 11th West 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 value for these streets is Rs 9,900 per sq.ft, which is the same as the guideline value for Kamaraj Nagar 11th West Street.

• Kamaraj Nagar 11th East Street: Rs 9,900 per sq.ft (2024)
• Kamaraj Nagar 12th East Street: Rs 9,900 per sq.ft (2024)
• 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 12th West Street: Rs 9,900 per sq.ft (2024)
• Kamaraj Nagar 13th East Street: Rs 9,900 per sq.ft (2024)

Stamp duty and registration fee for property in Kamaraj Nagar 11th West Street

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 99,00,000. The stamp duty at 7% would amount to Rs 6,93,000, and the registration fee at 2% would be Rs 1,98,000. Together, these fees would total Rs 8,91,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

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

The Kamaraj Nagar 11th West 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

When buying or selling property in Thiruvanmiyur, the guideline value plays a crucial role during the registration process. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid. The fees are calculated based on the higher of the guideline value or the actual sale price of the property.

It is essential for buyers and sellers to be aware of the guideline value as it can significantly impact the overall cost of the transaction. Understanding the guideline value helps in ensuring compliance with local regulations and facilitates a smoother registration process.

Frequently asked questions

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

The current guideline value of Kamaraj Nagar 11th 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 from Rs 846 per sq.ft in 2002 to Rs 9,900 per sq.ft in 2024, reflecting an overall increase of 1,070% over the years.

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

For a property valued at Rs 99,00,000, the stamp duty would be Rs 6,93,000 and the registration fee would be Rs 1,98,000, totaling Rs 8,91,000.

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

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

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

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