Guideline Value for KAMARAJ NAGAR 13TH CROSS STREET

Kamaraj Nagar 13th Cross Street guideline value

The current guideline value of Kamaraj Nagar 13th Cross Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Perungudi village, under the Neelankarai SRO, and is classified as Residential Class II Type - II.

How the guideline value of Kamaraj Nagar 13th Cross Street has changed

The guideline value for Kamaraj Nagar 13th Cross Street has seen several revisions over the years. In the 2012 revision, the value was Rs 3,000 per sq.ft, which decreased to Rs 2,010 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 3,000 per sq.ft in the 2023 revision, and further to Rs 3,300 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2012 to 2017, there was a decline of 33%, but from 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Perungudi

In Perungudi, there are 249 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, which is equal to the 2024 guideline value of Kamaraj Nagar 13th Cross Street.

• Kamaraj Nagar 14th Cross Street: Rs 3,300 per sq.ft (2024)
• Kamaraj Nagar 12th 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 13th 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, totaling Rs 2,97,000. Note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kamaraj Nagar 13th Cross Street?

The Kamaraj Nagar 13th Cross Street falls under 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 information.

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

The guideline value is an important factor in property transactions, as it determines the minimum price at which a property can be registered. When buying or selling property in Perungudi, the guideline value is used to calculate the stamp duty and registration fees, ensuring that all transactions are conducted fairly and transparently.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during the registration process. This value reflects the government's assessment of property prices in the area, providing a basis for taxation and other legal considerations.

Frequently asked questions

What is the current guideline value of Kamaraj Nagar 13th Cross Street?

The current guideline value of Kamaraj Nagar 13th 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 2023 to Rs 3,300 per sq.ft in 2024, marking a 10% increase. It was Rs 2,010 per sq.ft in 2017, showing a 49% increase from that year to 2023.

What is the land classification of Kamaraj Nagar 13th Cross Street?

Kamaraj Nagar 13th Cross Street is classified as Residential Class II Type - II, indicating its suitability for residential development.

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is 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 13th Cross Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 33,00,000 would incur a stamp duty of Rs 2,31,000 at 7%.