Guideline Value for KAMARAJ NAGAR 13TH WEST STREET

Kamaraj Nagar 13th West Street guideline value

The current guideline value of Kamaraj Nagar 13th 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 13th West Street has changed

The guideline value for Kamaraj Nagar 13th West Street has seen several revisions over the years. In 2002, the guideline value was Rs 837 per sq.ft, which increased to Rs 926 per sq.ft in 2003, marking an increase of 11%. The value rose significantly to Rs 1,300 per sq.ft in 2007, reflecting a 40% increase. The following revision in 2012 saw a decrease to Rs 9,000 per sq.ft, a drop of 33%. However, the value rebounded to Rs 6,030 per sq.ft in 2017, which was a 49% increase. The guideline value then rose to Rs 9,000 per sq.ft in 2023, before reaching the current figure of Rs 9,900 per sq.ft in 2024, an increase of 10%.

Overall, from 2002 to 2024, the guideline value has increased by 1083%. There are no figures available for the revisions in years not listed above.

Guideline values in Thiruvanmiyur

Thiruvanmiyur has a total of 484 streets under the Chennai South Joint I SRO, with guideline values ranging from Rs 3,520 to Rs 12,660 per sq.ft. The median guideline value in this area is Rs 9,900 per sq.ft, which is the same as the current figure for Kamaraj Nagar 13th West Street.

• Kamaraj Nagar 13th East Street: Rs 9,900 per sq.ft (2024)
• Kamaraj Nagar 14th East Street: Rs 9,900 per sq.ft (2024)
• Kamaraj Nagar 12th West Street: Rs 9,900 per sq.ft (2024)
• Kamaraj Nagar 14th West Street: Rs 9,900 per sq.ft (2024)
• Kamaraj Nagar 15th East Street: Rs 9,900 per sq.ft (2024)
• Kamaraj Nagar 12th East Street: Rs 9,900 per sq.ft (2024)

Stamp duty and registration fee for property in Kamaraj Nagar 13th West Street

For a 1,000 sq.ft plot at the current rate of Rs 9,900 per sq.ft, the 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, totaling Rs 8,91,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers Kamaraj Nagar 13th West Street is 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 details.

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 need to be paid during the transaction. The guideline value is set by the Registration Department and is periodically revised to reflect changes in the market.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

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

The current guideline value of Kamaraj Nagar 13th 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 significantly over the years, from Rs 837 per sq.ft in 2002 to Rs 9,900 per sq.ft in 2024, marking an overall increase of 1083%.

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 guideline value for Kamaraj Nagar 13th West Street.

What are the stamp duty rates for property transactions?

The stamp duty rate for property transactions in this area is 7%, while the registration fee is 2%. These fees are calculated based on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Kamaraj Nagar 13th West Street?

The Sub Registrar Office for Kamaraj Nagar 13th West Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.