Guideline Value for KAMARAJ NAGAR 18TH EAST STREET

Kamaraj Nagar 18th East Street guideline value

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

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

The guideline value for Kamaraj Nagar 18th East Street has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 916 per sq.ft. This increased to Rs 1,014 per sq.ft in 2003, marking an increase of 11%. The value further rose to Rs 1,800 per sq.ft in 2007, reflecting a significant increase of 78%. In 2012, the value was Rs 9,000 per sq.ft, which was a substantial rise of 400% from the previous revision. However, in 2017, the value decreased to Rs 6,030 per sq.ft, showing a decline of 33%. The 2023 revision set the value at Rs 9,000 per sq.ft, and the most recent 2024 revision has increased it to Rs 9,900 per sq.ft, which is a 10% rise from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 981%. There are no figures available for 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 with a 2024 guideline value ranging from Rs 3,520 to Rs 12,660 per sq.ft. The median value is Rs 9,900 per sq.ft, which is equal to the guideline value of Kamaraj Nagar 18th East Street.

• Kamaraj Nagar 18th Cross Street: Rs 9,900 per sq.ft (2024)
• Kamaraj Nagar 19th East Street: Rs 9,900 per sq.ft (2024)
• Kamaraj Nagar 17th East Street: Rs 9,900 per sq.ft (2024)
• Kamaraj Nagar 17th Cross Street: Rs 9,900 per sq.ft (2024)
• Kamaraj Nagar 16th West Street: Rs 9,900 per sq.ft (2024)
• Kamaraj Nagar 1st East Street: Rs 11,000 per sq.ft (2024)

Stamp duty and registration fee for property in Kamaraj Nagar 18th 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 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, bringing the total cost together to Rs 8,91,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

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

The Kamaraj Nagar 18th 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. 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 assessing the value of the property and determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the correct amount based on the established guideline values for different areas.

Frequently asked questions

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

The current guideline value of Kamaraj Nagar 18th 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 over the years, starting from Rs 916 per sq.ft in 2002 to Rs 9,900 per sq.ft in 2024, reflecting an overall increase of 981%.

What is the classification of Kamaraj Nagar 18th East Street?

Kamaraj Nagar 18th East Street is classified as Residential Class I Type - I under the Chennai South Joint I SRO.

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

The Sub Registrar Office covering Kamaraj Nagar 18th East Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is the stamp duty calculated for properties in Kamaraj Nagar 18th East Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at 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.