Guideline Value for KAMARAJ NAGAR 1ST STREET

Kamaraj Nagar 1st Street guideline value

The current guideline value of Kamaraj Nagar 1st Street is Rs 1,625 per sq.ft. This street is located in Paruthipattu village, under the Avadi SRO, and is classified as Residential Special Type - I.

How the guideline value of Kamaraj Nagar 1st Street has changed

The guideline value for Kamaraj Nagar 1st Street has seen several revisions over the years. In 2002, the guideline value was Rs 176 per sq.ft. This increased to Rs 203 per sq.ft in 2003, marking a rise of 15%. The value continued to rise significantly, reaching Rs 350 per sq.ft in 2007, which was an increase of 72%. By 2012, the value had risen to Rs 1,200 per sq.ft, reflecting a substantial increase of 243%. However, from 2012 to 2017, the value decreased to Rs 804 per sq.ft, a drop of 33%. The value then rose again to Rs 1,500 per sq.ft in 2023, showing an increase of 87%. The most recent revision in 2024 set the value at Rs 1,625 per sq.ft, which is an increase of 8% from the previous year.

There are no figures available for the years not listed in the register for this street. The overall change from 2002 to 2024 shows an increase of 823% in the guideline value.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 801 to Rs 4,730 per sq.ft. The median guideline value for these streets is Rs 1,625 per sq.ft, which is equal to the guideline value of Kamaraj Nagar 1st Street.

• Kamaraj Nagar 2nd Street: Rs 1,625 per sq.ft (2024)
• Kamaraj Nagar 3rd Street: Rs 1,625 per sq.ft (2024)
• Kamaraj Nagar 10th St: Rs 1,625 per sq.ft (2024)
• Kamaraj Nagar 4th Street: Rs 1,625 per sq.ft (2024)
• Kamaraj Nagar 5th Street: Rs 1,625 per sq.ft (2024)
• Kamaraj Nagar 6th Street: Rs 1,625 per sq.ft (2024)

Stamp duty and registration fee for property in Kamaraj Nagar 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,625 per sq.ft, the total guideline value would be Rs 16,25,000. The stamp duty at 7% would amount to Rs 1,13,750, and the registration fee at 2% would be Rs 32,500, resulting in a total of Rs 1,46,250. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamaraj Nagar 1st Street?

The Sub Registrar Office that covers Kamaraj Nagar 1st Street is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

You can find your SRO for more information.

How the guideline value is used when you buy or sell in Paruthipattu

The guideline value is a crucial factor in property transactions as it determines the minimum value at which a property can be registered. When buying or selling property in Paruthipattu, the guideline value is used to calculate the applicable stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations and to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Kamaraj Nagar 1st Street?

The current guideline value of Kamaraj Nagar 1st Street is Rs 1,625 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 176 per sq.ft in 2002 to Rs 1,625 per sq.ft in 2024, showing an overall increase of 823% over the years.

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

Other streets in Paruthipattu with the same guideline value of Rs 1,625 per sq.ft include Kamaraj Nagar 2nd Street, Kamaraj Nagar 3rd Street, Kamaraj Nagar 4th Street, Kamaraj Nagar 5th Street, Kamaraj Nagar 6th Street, and Kamaraj Nagar 10th Street.

What is the registration fee for property in Kamaraj Nagar 1st Street?

The registration fee for property in Kamaraj Nagar 1st Street is 2% of the guideline value. For a property valued at Rs 16,25,000, the registration fee would be Rs 32,500.

Where can I find my Sub Registrar Office?

The Sub Registrar Office for Kamaraj Nagar 1st Street is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find more information by using the provided link.