Guideline Value for KAMARAJ NAGAR 12TH WEST STREET

Kamaraj Nagar 12th West Street guideline value

The current guideline value of Kamaraj Nagar 12th West Street is Rs 9,900 per sq.ft, effective from 1 July 2024. This street is located in Thiruvanmiyur village, under the Chennai South Joint I SRO, and is classified as Residential Class I Type - I.

How the guideline value of Kamaraj Nagar 12th West Street has changed

The guideline value for Kamaraj Nagar 12th West Street has seen several revisions over the years. The earliest recorded value was Rs 837 per sq.ft in 2002, which increased to Rs 926 per sq.ft in 2003, marking a change of +11%. By 2007, the value rose significantly to Rs 1,300 per sq.ft, an increase of +40%. The value then surged to Rs 9,000 per sq.ft in 2012, reflecting a remarkable increase of +592% from the previous revision. However, it decreased to Rs 6,030 per sq.ft in 2017, a drop of -33%.

In 2023, the guideline value was Rs 9,000 per sq.ft, and it increased to Rs 9,900 per sq.ft in 2024, showing a change of +10%. Overall, from 2002 to 2024, the guideline value has increased by +1083%. There are no figures available for the revisions in any other years for this 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 is Rs 9,900 per sq.ft, which is equal to the current guideline value of Kamaraj Nagar 12th West Street.

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

Stamp duty and registration fee for property in Kamaraj Nagar 12th West 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 amount to Rs 6,93,000, and the registration fee at 2% would be Rs 1,98,000. Together, these costs would total Rs 8,91,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kamaraj Nagar 12th West Street?

Kamaraj Nagar 12th 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 a crucial factor when registering property transactions in Thiruvanmiyur. It serves as a benchmark for assessing the value of properties and determining the applicable stamp duty and registration fees during the registration process.

When a buyer or seller engages in a property transaction, the guideline value helps ensure that the transaction is recorded accurately and transparently. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Kamaraj Nagar 12th West Street?

The current guideline value of Kamaraj Nagar 12th 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 837 per sq.ft in 2002 to Rs 9,900 per sq.ft in 2024, reflecting an overall increase of +1083% over the years.

What is the median guideline value in Thiruvanmiyur?

The median guideline value in Thiruvanmiyur is Rs 9,900 per sq.ft, which is the same as the current value for Kamaraj Nagar 12th West Street.

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 office manages the registration for Kamaraj Nagar 12th West Street?

The Chennai South Joint I Sub Registrar Office manages the registration for Kamaraj Nagar 12th West Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.