Guideline Value for KAMARAJ NAGAR 20TH EAST STREET

Kamaraj Nagar 20th East Street guideline value

The current guideline value of Kamaraj Nagar 20th 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 20th East Street has changed

The guideline value for Kamaraj Nagar 20th East Street has seen significant changes over the years. The earliest recorded revision was in 2002, with a value of Rs 837 per sq.ft. This increased to Rs 926 per sq.ft in 2003, marking a rise of 11%. The value continued to climb, reaching Rs 2,200 per sq.ft in 2007, which was a substantial increase of 138%. After this, the value surged to Rs 9,000 per sq.ft in 2012, reflecting a remarkable growth of 309%. However, it then decreased to Rs 6,030 per sq.ft in 2017, a decline of 33%. The value rose again to Rs 9,000 per sq.ft in 2023, before reaching the current figure of Rs 9,900 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1083%. The register has no figures for the years not mentioned in this overview.

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 the same as the current value for Kamaraj Nagar 20th East Street.

• Kamaraj Nagar 21st East Street: Rs 9,900 per sq.ft (2024)
• Kamaraj Nagar 22nd East Street: Rs 9,900 per sq.ft (2024)
• Kamaraj Nagar 23rd East Street: Rs 9,900 per sq.ft (2024)
• Kamaraj Nagar 24th East Street: Rs 9,900 per sq.ft (2024)
• Kamaraj Nagar 25th East Street: Rs 9,900 per sq.ft (2024)
• Kamaraj Nagar 26th East Street: Rs 9,900 per sq.ft (2024)

Stamp duty and registration fee for property in Kamaraj Nagar 20th 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, charged at 7%, would amount to Rs 6,93,000, while the registration fee at 2% would be Rs 1,98,000. Together, the total cost for stamp duty and registration would be Rs 8,91,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kamaraj Nagar 20th East Street?

The Kamaraj Nagar 20th 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 information.

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

The guideline value plays a crucial role during property transactions in Thiruvanmiyur. It is used to determine the stamp duty and registration fees payable when buying or selling property. Buyers and sellers should be aware that the guideline value is often considered the minimum value for property transactions.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Kamaraj Nagar 20th East Street?

The current guideline value of Kamaraj Nagar 20th 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 837 per sq.ft in 2002 to Rs 9,900 per sq.ft in 2024, reflecting an overall increase of 1083% over the period.

What are the stamp duty and registration fees for property in Kamaraj Nagar 20th East Street?

For a property valued at Rs 99,00,000, the stamp duty would be Rs 6,93,000 and the registration fee would be Rs 1,98,000, totaling Rs 8,91,000.

Which Sub Registrar Office covers Kamaraj Nagar 20th East Street?

The Chennai South Joint I Sub Registrar Office covers Kamaraj Nagar 20th East Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

What is the land classification of Kamaraj Nagar 20th East Street?

Kamaraj Nagar 20th East Street is classified as Residential Class I Type - I, indicating its suitability for residential purposes.