Guideline Value for KAMARAJ NAGAR 16TH WEST STREET

Kamaraj Nagar 16th West Street guideline value

The current guideline value of Kamaraj Nagar 16th 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 16th West Street has changed

The guideline value for Kamaraj Nagar 16th West Street has seen several revisions over the years. Starting from Rs 887 per sq.ft in 2002, the value increased to Rs 982 per sq.ft in 2003, marking a 11% rise. In 2007, the value jumped significantly to Rs 1,300 per sq.ft, which was an increase of 32%. The value then saw a substantial increase to Rs 9,000 per sq.ft in 2012, reflecting a 592% change. However, it decreased to Rs 6,030 per sq.ft in 2017, a decline of 33%. The value rose again to Rs 9,000 per sq.ft in 2023, and most recently, it reached Rs 9,900 per sq.ft in 2024, representing a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 1016%. There are no revisions with figures missing for Kamaraj Nagar 16th West Street in the register.

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 value is Rs 9,900 per sq.ft, which is the same as the current guideline value for Kamaraj Nagar 16th West Street.

• Kamaraj Nagar 16th East Street: Rs 9,900 per sq.ft (2024)
• Kamaraj Nagar 17th Cross Street: Rs 9,900 per sq.ft (2024)
• Kamaraj Nagar 15th West Street: Rs 9,900 per sq.ft (2024)
• Kamaraj Nagar 17th East Street: Rs 9,900 per sq.ft (2024)
• Kamaraj Nagar 15th East Street: Rs 9,900 per sq.ft (2024)
• Kamaraj Nagar 18th Cross Street: Rs 9,900 per sq.ft (2024)

Stamp duty and registration fee for property in Kamaraj Nagar 16th 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 be 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 the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamaraj Nagar 16th West Street?

The Sub Registrar Office that covers Kamaraj Nagar 16th 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 in the registration process 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.

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.

Frequently asked questions

What is the current guideline value of Kamaraj Nagar 16th West Street?

The current guideline value of Kamaraj Nagar 16th 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 887 per sq.ft in 2002 to Rs 9,900 per sq.ft in 2024, reflecting an overall increase of 1016% over the years.

What is the land classification for Kamaraj Nagar 16th West Street?

The land classification for Kamaraj Nagar 16th West Street is Residential Class I Type - I.

What are the stamp duty and registration fees for this street?

For a 1,000 sq.ft plot, 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.

Which office handles registrations for Kamaraj Nagar 16th West Street?

The Chennai South Joint I Sub Registrar Office handles registrations for Kamaraj Nagar 16th West Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.