Guideline Value for KAMARAJ NAGAR 17TH EAST STREET

Kamaraj Nagar 17th East Street guideline value

The current guideline value for Kamaraj Nagar 17th East 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, and falls under the Residential Class I Type - I land classification.

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

The guideline value for Kamaraj Nagar 17th East Street has undergone several revisions over the years. The earliest recorded figure is from 2002, which was Rs 916 per sq.ft. This value increased to Rs 1,014 per sq.ft in 2003, showing a rise of 11%. The next revision in 2007 saw a significant jump to Rs 3,074 per sq.ft, marking an increase of 203%. In 2012, the guideline value was recorded again at Rs 9,000 per sq.ft, reflecting a decrease of 33% from the previous figure.

From 2012 to 2017, the value remained at Rs 9,000 per sq.ft. However, in 2017, it increased to Rs 6,030 per sq.ft, which was a rise of 49%. The guideline value saw another increase in 2023, reaching Rs 9,000 per sq.ft. The most recent revision in 2024 has set the guideline value at Rs 9,900 per sq.ft, which represents a 10% increase from the 2023 figure. Overall, from 2002 to 2024, the guideline value has increased by 981%.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, 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 value for these streets is Rs 9,900 per sq.ft, which is equal to the guideline value of Kamaraj Nagar 17th East Street.

• Kamaraj Nagar 17th Cross Street: Rs 9,900 per sq.ft (2024)
• Kamaraj Nagar 18th Cross Street: Rs 9,900 per sq.ft (2024)
• Kamaraj Nagar 16th West Street: Rs 9,900 per sq.ft (2024)
• Kamaraj Nagar 18th East Street: Rs 9,900 per sq.ft (2024)
• Kamaraj Nagar 16th East Street: Rs 9,900 per sq.ft (2024)
• Kamaraj Nagar 19th East Street: Rs 9,900 per sq.ft (2024)

Stamp duty and registration fee for property in Kamaraj Nagar 17th 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 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, together 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.

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

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

The Kamaraj Nagar 17th East 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. To find your SRO, you can visit find your SRO.

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 minimum value of a property for registration purposes. Buyers and sellers must consider this value to ensure compliance with local regulations during the transaction process.

When registering a property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial obligations involved in the transaction, based on the established guideline value.

Frequently asked questions

What is the current guideline value of Kamaraj Nagar 17th East Street?

The current guideline value of Kamaraj Nagar 17th 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 significantly from Rs 916 per sq.ft in 2002 to Rs 9,900 per sq.ft in 2024, reflecting an overall increase of 981% over the years.

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

Kamaraj Nagar 17th East Street is classified under Residential Class I Type - I.

Where can I find the registration office for Kamaraj Nagar 17th East Street?

The registration office for Kamaraj Nagar 17th 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.

How is stamp duty calculated for property transactions in Thiruvanmiyur?

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