Guideline Value for KAMARAJ NAGAR 1ST ST

Kamaraj Nagar 1st St guideline value

The current guideline value for Kamaraj Nagar 1st St is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Paleripattu village under the Avadi SRO, and it is classified as Commercial Special Type - I.

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

The guideline value for Kamaraj Nagar 1st St has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which was a decrease of 33% from the previous revision in 2017, where the value was Rs 804 per sq.ft. The 2023 revision raised the value significantly to Rs 1,800 per sq.ft, marking an increase of 124% from 2017. The current 2024 revision further increased the value by 10% to Rs 1,980 per sq.ft.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 65%.

Guideline values in Paleripattu

Paleripattu village has 111 streets under the Avadi SRO, with guideline values ranging from Rs 801 to Rs 4,200 per sq.ft. The median value for these streets is Rs 990 per sq.ft, placing Kamaraj Nagar 1st St above this median.

• Kamaraj Nagar 2nd St: Rs 1,980 per sq.ft (2024)
• Kamaraj Nagar 10th St: Rs 1,980 per sq.ft (2024)
• Kamaraj Nagar 3rd St: Rs 1,980 per sq.ft (2024)
• Kamaraj Nagar: Rs 1,980 per sq.ft (2024)
• Kamaraj Nagar 4th St: Rs 1,980 per sq.ft (2024)
• Kamaraj Nagar 5th St: Rs 1,980 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, leading to a total of Rs 1,78,200. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Kamaraj Nagar 1st St?

The Sub Registrar Office covering Kamaraj Nagar 1st St 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 details.

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

The guideline value is a crucial factor during the registration of property transactions in Paleripattu. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps both parties understand the minimum value at which a property can be registered. This value is particularly important for ensuring transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value for Kamaraj Nagar 1st St?

The current guideline value for Kamaraj Nagar 1st St is Rs 1,980 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2012?

Since 2012, the guideline value has increased by 65%, from Rs 1,200 per sq.ft in 2012 to Rs 1,980 per sq.ft in 2024.

What is the stamp duty rate for property in Kamaraj Nagar 1st St?

The stamp duty rate for property in Kamaraj Nagar 1st St is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Kamaraj Nagar 1st St?

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

How many streets in Paleripattu have a guideline value?

There are 111 streets in Paleripattu under the Avadi SRO that carry a guideline value, with rates ranging from Rs 801 to Rs 4,200 per sq.ft.