Guideline Value for KAMARAJ NAGAR 18TH CROSS STREET

Kamaraj Nagar 18th Cross Street guideline value

The current guideline value of Kamaraj Nagar 18th 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, and is classified as Residential Class I Type - I.

How the guideline value of Kamaraj Nagar 18th Cross Street has changed

The guideline value for Kamaraj Nagar 18th Cross Street has seen several revisions over the years. In 2002, the value was Rs 837 per sq.ft, which increased to Rs 926 per sq.ft in 2003, marking an 11% rise. The value then rose by 40% to Rs 1,300 per sq.ft in 2007. Following this, there was a significant increase of 592%, bringing the value to Rs 9,000 per sq.ft in 2012. However, in 2017, the value dropped by 33% to Rs 6,030 per sq.ft. The value increased again to Rs 9,000 per sq.ft in 2023, and most recently, it has risen by 10% to the current figure of Rs 9,900 per sq.ft in 2024.

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 listed above.

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 guideline value for these streets is Rs 9,900 per sq.ft, which is equal to the current value of Kamaraj Nagar 18th Cross Street.

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

Stamp duty and registration fee for property in Kamaraj Nagar 18th 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 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, making the total 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 details.

Which Sub Registrar Office covers Kamaraj Nagar 18th Cross Street?

The Kamaraj Nagar 18th 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 a crucial factor during property registration in Thiruvanmiyur. It serves as a benchmark for determining the minimum value at which a property can be registered. When a property is sold, the registration office uses the guideline value to calculate the applicable stamp duty and registration fees.

It is important for buyers and sellers to be aware of the guideline value, as it directly impacts the costs associated with property transactions. The registration process requires that the property is registered at or above the guideline value, ensuring that the government receives the appropriate revenue from these transactions.

Frequently asked questions

What is the current guideline value of Kamaraj Nagar 18th Cross Street?

The current guideline value of Kamaraj Nagar 18th 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, representing an increase of 1083% over this period.

What are the other streets in Thiruvanmiyur with the same guideline value?

Other streets in Thiruvanmiyur with the same guideline value of Rs 9,900 per sq.ft include Kamaraj Nagar 17th East Street, Kamaraj Nagar 18th East Street, Kamaraj Nagar 17th Cross Street, Kamaraj Nagar 19th East Street, Kamaraj Nagar 16th West Street, and Kamaraj Nagar 16th East Street.

What is the stamp duty for property in Kamaraj Nagar 18th Cross Street?

The stamp duty for a property in Kamaraj Nagar 18th Cross Street is 7% of the guideline value. For a 1,000 sq.ft plot, it amounts to Rs 6,93,000.

Where can I find the Sub Registrar Office for Kamaraj Nagar 18th Cross Street?

The Sub Registrar Office covering Kamaraj Nagar 18th Cross 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.