Guideline Value for KAMARAJ NAGAR 15TH WEST STREET

Kamaraj Nagar 15th West Street guideline value

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

The guideline value for Kamaraj Nagar 15th West Street has seen significant changes over the years. Starting from the 2002 revision, the guideline value was Rs 846 per sq.ft. It increased to Rs 936 per sq.ft in 2003, marking an 11% rise. The value then rose by 39% to Rs 1,300 per sq.ft in 2007. Following this, there was a substantial increase of 592%, bringing the value to Rs 9,000 per sq.ft in 2012. However, it decreased by 33% to Rs 6,030 per sq.ft in 2017.

From 2017 to 2023, the guideline value increased by 49% to Rs 9,000 per sq.ft. The most recent revision in 2024 saw another increase of 10%, setting the current guideline value at Rs 9,900 per sq.ft. The overall change from 2002 to 2024 is a remarkable increase of 1,070%.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur village, there are 484 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, 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 the same as the current value for Kamaraj Nagar 15th West Street.

• Kamaraj Nagar 15th East Street: Rs 9,900 per sq.ft (2024)
• Kamaraj Nagar 16th East Street: Rs 9,900 per sq.ft (2024)
• Kamaraj Nagar 14th West Street: Rs 9,900 per sq.ft (2024)
• Kamaraj Nagar 16th West Street: Rs 9,900 per sq.ft (2024)
• Kamaraj Nagar 14th East 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 West 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, while the registration fee at 2% would be Rs 1,98,000. Together, the total cost for stamp duty and registration fees would be Rs 8,91,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more information.

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

The Kamaraj Nagar 15th West Street is covered by 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 further assistance.

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 applicable during the registration process. Buyers and sellers must consider this value to ensure compliance with legal requirements and to avoid discrepancies during the transaction.

When a property is registered, the guideline value is used to calculate the applicable fees. This means that both buyers and sellers should be aware of the current guideline value to understand the financial implications of their property transactions in Thiruvanmiyur.

Frequently asked questions

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

The current guideline value of Kamaraj Nagar 15th 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 from Rs 846 per sq.ft in 2002 to Rs 9,900 per sq.ft in 2024, marking an overall increase of 1,070% over the years.

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

The Chennai South Joint I Sub Registrar Office covers Kamaraj Nagar 15th West Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

What are the stamp duty and registration fees for property in Kamaraj Nagar 15th West Street?

For a property valued at Rs 99,00,000, the stamp duty would be Rs 6,93,000 and the registration fee would be Rs 1,98,000, totaling Rs 8,91,000.

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

The land classification for Kamaraj Nagar 15th West Street is Residential Class I Type - I.