Guideline Value for KAMARAJ NAGAR 14TH CROSS STREET

Kamaraj Nagar 14th Cross Street guideline value

The current guideline value of Kamaraj Nagar 14th Cross Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Perungudi village and falls under the Neelankarai SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Kamaraj Nagar 14th Cross Street has changed

Over the years, the guideline value for Kamaraj Nagar 14th Cross Street has seen several revisions. The 2012 revision set the value at Rs 3,000 per sq.ft, which was reduced to Rs 2,010 per sq.ft in the 2017 revision. This marked a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%, reaching Rs 3,000 per sq.ft. The most recent revision in 2024 has raised the guideline value to Rs 3,300 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for Kamaraj Nagar 14th Cross Street for the years 2002, 2003, and 2007. The overall change from the 2012 figure to the 2024 figure indicates a 10% increase.

Guideline values in Perungudi

In Perungudi, there are 249 streets under the Neelankarai SRO that carry a 2024 guideline value 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 guideline value of Kamaraj Nagar 14th Cross Street.

• Kamaraj Nagar 13th Cross Street: Rs 3,300 per sq.ft (2024)
• KAMARAJ NAGAR 12th CROSS STREET: Rs 3,300 per sq.ft (2024)
• Kamaraj Nagar 1st Cross Street: Rs 3,300 per sq.ft (2024)
• Kamaraj Nagar 10th 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 14th 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, charged 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 or the sale price.

You can use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Kamaraj Nagar 14th Cross Street?

The Kamaraj Nagar 14th Cross Street is covered by 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 a crucial factor in property transactions in Perungudi. It serves as a benchmark for determining the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees.

During the registration process, the buyer must pay stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of the property in the market.

Frequently asked questions

What is the current guideline value of Kamaraj Nagar 14th Cross Street?

The current guideline value of Kamaraj Nagar 14th 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, which was a 49% increase from Rs 3,000 per sq.ft in 2012.

What are the stamp duty and registration fees for properties in Kamaraj Nagar 14th Cross Street?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which office handles registrations for Kamaraj Nagar 14th Cross Street?

The Neelankarai Sub Registrar Office handles registrations for Kamaraj Nagar 14th Cross Street, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What is the land classification for Kamaraj Nagar 14th Cross Street?

The land classification for Kamaraj Nagar 14th Cross Street is Residential Class II Type - II.