Guideline Value for KAMARAJ NAGAR 17TH CROSS STREET

Kamaraj Nagar 17th Cross Street guideline value

The current guideline value of Kamaraj Nagar 17th Cross Street is Rs 9,900 per sq.ft, effective from 1 July 2024. This street is located in Thiruvanmiyur village under the Chennai South Joint I SRO, classified as Residential Class I Type - I.

How the guideline value of Kamaraj Nagar 17th Cross Street has changed

The guideline value for Kamaraj Nagar 17th Cross Street has seen several revisions over the years. Starting from Rs 837 per sq.ft in 2002, it increased to Rs 926 per sq.ft in 2003, marking a change of +11%. By 2007, the value rose significantly to Rs 1,300 per sq.ft, reflecting a +40% increase. The value then surged to Rs 9,000 per sq.ft in 2012, an increase of +592%. However, it dropped to Rs 6,030 per sq.ft in 2017, a decrease of -33%. The value then increased to Rs 9,000 per sq.ft in 2023, followed by a final increase to Rs 9,900 per sq.ft in 2024, which is a +10% change.

Overall, from 2002 to 2024, the guideline value has increased by +1083%. There are no figures available for the revisions in years other than those specified.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO with 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 17th Cross Street.

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

Stamp duty and registration fee for property in Kamaraj Nagar 17th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 9,900 per sq.ft, the total guideline value amounts to 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, resulting in a total of Rs 8,91,000. Duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kamaraj Nagar 17th Cross Street?

The Kamaraj Nagar 17th Cross Street falls under 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 during the registration of property transactions in Thiruvanmiyur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared with 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 in the area.

Frequently asked questions

What is the current guideline value for Kamaraj Nagar 17th Cross Street?

The current guideline value for Kamaraj Nagar 17th Cross 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 837 per sq.ft in 2002 to Rs 9,900 per sq.ft in 2024, reflecting an overall increase of +1083% over the years.

What is the stamp duty rate for properties in Kamaraj Nagar 17th Cross Street?

The stamp duty rate for properties in Kamaraj Nagar 17th Cross Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Kamaraj Nagar 17th Cross Street located?

The Sub Registrar Office for Kamaraj Nagar 17th Cross Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

What is the land classification for Kamaraj Nagar 17th Cross Street?

Kamaraj Nagar 17th Cross Street is classified as Residential Class I Type - I under the Chennai South Joint I SRO.