Guideline Value for KAMARAJ NAGAR 12th CROSS STREET

KAMARAJ NAGAR 12th CROSS STREET guideline value

The current guideline value of KAMARAJ NAGAR 12th CROSS STREET is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Perungudi village, under the jurisdiction of the Neelankarai SRO, and is classified as Residential Class II Type - II.

How the guideline value of KAMARAJ NAGAR 12th CROSS STREET has changed

The guideline value for KAMARAJ NAGAR 12th CROSS STREET has seen several revisions over the years. The 2012 revision set the value at Rs 3,000 per sq.ft, which then decreased to Rs 2,010 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly by 49% to reach Rs 3,000 per sq.ft. The latest revision in 2024 has further increased the guideline value to Rs 3,300 per sq.ft, marking a 10% rise from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Perungudi

In Perungudi, there are 249 streets under the Neelankarai SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median guideline value in this area is Rs 3,300 per sq.ft, which is the same as the current value for KAMARAJ NAGAR 12th CROSS STREET.

• Kamaraj Nagar 13th Cross Street: Rs 3,300 per sq.ft (2024)
• Kamaraj Nagar 14th Cross Street: Rs 3,300 per sq.ft (2024)
• Kamaraj Nagar 10th Cross Street: Rs 3,300 per sq.ft (2024)
• Kamaraj Nagar 1st Cross Street: Rs 3,300 per sq.ft (2024)
• Kamaraj Nagar 1st Street: Rs 3,300 per sq.ft (2024)
• Kamaraj Nagar 2nd Cross Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in KAMARAJ NAGAR 12th CROSS STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers KAMARAJ NAGAR 12th CROSS STREET?

The Sub Registrar Office that covers KAMARAJ NAGAR 12th CROSS STREET is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Perungudi, the guideline value helps in calculating the stamp duty and registration fees, ensuring that both parties comply with legal requirements.

It is essential to be aware of the guideline value when engaging in property transactions, as it can influence the overall costs involved in the buying or selling process. This value is regularly updated to reflect changes in the market and local conditions.

Frequently asked questions

What is the current guideline value of KAMARAJ NAGAR 12th CROSS STREET?

The current guideline value of KAMARAJ NAGAR 12th CROSS STREET is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, then increased to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024.

What is the land classification for KAMARAJ NAGAR 12th CROSS STREET?

KAMARAJ NAGAR 12th CROSS STREET is classified as Residential Class II Type - II.

Which office handles the registration for KAMARAJ NAGAR 12th CROSS STREET?

The Neelankarai Sub Registrar Office handles the registration for KAMARAJ NAGAR 12th CROSS STREET, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is the stamp duty calculated for properties in KAMARAJ NAGAR 12th CROSS STREET?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate incurs a stamp duty of Rs 2,31,000.