Guideline Value for KAMARAJ NAGAR 14TH EAST STREET

Kamaraj Nagar 14th East Street guideline value

The current guideline value for Kamaraj Nagar 14th East Street is Rs 9,900 per sq.ft, effective from 1 July 2024. This street is located in Thiruvanmiyur village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class I Type - I.

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

The guideline value for Kamaraj Nagar 14th East Street has seen several revisions over the years. The earliest recorded value in 2002 was Rs 962 per sq.ft, which increased to Rs 1,064 per sq.ft in 2003, marking an 11% rise. From 2003 to 2007, the value surged by 69% to reach Rs 1,800 per sq.ft. The 2012 revision saw a significant increase to Rs 9,000 per sq.ft, reflecting a 400% growth from the previous figure. However, this was followed by a decline of 33% to Rs 6,030 per sq.ft in 2017.

In 2023, the guideline value rose to Rs 9,000 per sq.ft, and the most recent revision in 2024 set it at Rs 9,900 per sq.ft, a 10% increase. Overall, from 2002 to 2024, the guideline value has increased by 929%. There are no figures for the revisions in years not listed in the register for this street.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 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 is Rs 9,900 per sq.ft, which matches the current value for Kamaraj Nagar 14th East Street.

• 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 13th West Street: Rs 9,900 per sq.ft (2024)
• Kamaraj Nagar 15th West Street: Rs 9,900 per sq.ft (2024)
• Kamaraj Nagar 13th East Street: Rs 9,900 per sq.ft (2024)
• Kamaraj Nagar 16th East Street: Rs 9,900 per sq.ft (2024)

Stamp duty and registration fee for property in Kamaraj Nagar 14th East Street

For a 1,000 sq.ft plot at the current guideline value of Rs 9,900 per sq.ft, the total guideline value is Rs 99,00,000. The stamp duty at 7% would be Rs 6,93,000, and the registration fee at 2% would be Rs 1,98,000, totaling Rs 8,91,000. Duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

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

The Sub Registrar Office covering Kamaraj Nagar 14th East 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 information.

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 is used to determine the stamp duty and registration fees applicable during the registration process. Buyers and sellers should be aware of the guideline value to ensure they are compliant with the legal requirements during property transactions.

When a property is registered, the guideline value or the sale price is considered, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

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

The current guideline value of Kamaraj Nagar 14th East 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 962 per sq.ft in 2002 to Rs 9,900 per sq.ft in 2024, representing an overall increase of 929% over the years.

What is the role of the Chennai South Joint I SRO?

The Chennai South Joint I SRO is responsible for maintaining the guideline value register and overseeing property registrations in the Thiruvanmiyur area.

How is the stamp duty calculated for properties in Kamaraj Nagar 14th East Street?

Stamp duty for properties in Kamaraj Nagar 14th East Street is calculated at 7% of the guideline value or the sale price, whichever is higher.

Where can I find more information about my Sub Registrar Office?

More information about your Sub Registrar Office can be found by visiting the official website and using the find your SRO tool.