Guideline Value for KAMARAJ NAGAR 15TH EAST STREET

Kamaraj Nagar 15th East Street guideline value

The current guideline value of Kamaraj Nagar 15th 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 15th East Street has changed

The guideline value for Kamaraj Nagar 15th East Street has experienced several revisions over the years. In 2002, the value was Rs 1,016 per sq.ft, which increased to Rs 1,124 per sq.ft in 2003, marking an increase of 11%. The value then rose significantly to Rs 1,800 per sq.ft in 2007, reflecting a 60% increase. Following this, in 2012, the value was revised to Rs 9,000 per sq.ft, a substantial increase of 400%. However, in 2017, the value dropped to Rs 6,030 per sq.ft, showing a decrease of 33%. The guideline value then increased to Rs 9,000 per sq.ft in 2023, before reaching the current value of Rs 9,900 per sq.ft in 2024, which is a 10% increase from the previous year.

There are no figures available for the revisions in the years not listed. Overall, from 2002 to 2024, the guideline value has increased by 874%.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO with a guideline value for 2024 ranging from Rs 3,520 to Rs 12,660 per sq.ft. The median guideline value is Rs 9,900 per sq.ft, which is equal to the current value for Kamaraj Nagar 15th East Street.

• Kamaraj Nagar 14th West Street: Rs 9,900 per sq.ft (2024)
• Kamaraj Nagar 15th West Street: Rs 9,900 per sq.ft (2024)
• Kamaraj Nagar 14th East Street: Rs 9,900 per sq.ft (2024)
• Kamaraj Nagar 16th East Street: Rs 9,900 per sq.ft (2024)
• Kamaraj Nagar 16th West Street: Rs 9,900 per sq.ft (2024)
• Kamaraj Nagar 17th Cross Street: Rs 9,900 per sq.ft (2024)

Stamp duty and registration fee for property in Kamaraj Nagar 15th 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 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, bringing the total fees to Rs 8,91,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kamaraj Nagar 15th East Street?

The Sub Registrar Office that covers Kamaraj Nagar 15th 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 an essential factor in the registration process of property transactions in Thiruvanmiyur. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property in the area.

When a property is registered, the guideline value is used to calculate the stamp duty based on the higher value between the guideline value and the sale price. This ensures that the transaction is accurately recorded and the appropriate fees are collected by the authorities.

Frequently asked questions

What is the current guideline value of Kamaraj Nagar 15th East Street?

The current guideline value of Kamaraj Nagar 15th 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 multiple times, starting from Rs 1,016 per sq.ft in 2002 and reaching Rs 9,900 per sq.ft in 2024, which is an overall increase of 874% since 2002.

What is the land classification for Kamaraj Nagar 15th East Street?

Kamaraj Nagar 15th East Street is classified as Residential Class I Type - I.

Which office handles registrations for Kamaraj Nagar 15th East Street?

The Chennai South Joint I Sub Registrar Office handles registrations for Kamaraj Nagar 15th East Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035.

How is stamp duty calculated for properties in Thiruvanmiyur?

Stamp duty for properties in Thiruvanmiyur is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 99,00,000 would incur a stamp duty of Rs 6,93,000 at 7%.