Guideline Value for KAMARAJ NAGAR 21ST EAST STREET

Kamaraj Nagar 21st East Street guideline value

The current guideline value of Kamaraj Nagar 21st 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 21st East Street has changed

Over the years, the guideline value for Kamaraj Nagar 21st East Street has seen significant changes. The earliest recorded figure is from 2002, where the guideline value was Rs 999 per sq.ft. This increased to Rs 1,105 per sq.ft in 2003, marking an increase of 11%. The next revision in 2007 saw a substantial jump to Rs 1,800 per sq.ft, which was a 63% increase. Following that, the value surged dramatically to Rs 9,000 per sq.ft in 2012, reflecting a remarkable increase of 400%. However, in 2017, the value decreased to Rs 6,030 per sq.ft, a decline of 33%. The guideline value then rose to Rs 9,000 per sq.ft in 2023, before reaching the current value of Rs 9,900 per sq.ft in 2024, which is a 10% increase from the previous year.

There are no recorded figures for the revisions in years not listed. The overall change from 2002 to 2024 shows an increase of 891% in the guideline value for Kamaraj Nagar 21st East Street.

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 is Rs 9,900 per sq.ft, which is equal to the 2024 figure for Kamaraj Nagar 21st East Street.

• Kamaraj Nagar 20th 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 21st 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, while the registration fee at 2% would be Rs 1,98,000, bringing the total to Rs 8,91,000. It is important to 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 detailed calculations.

Which Sub Registrar Office covers Kamaraj Nagar 21st East Street?

The Sub Registrar Office that covers Kamaraj Nagar 21st East 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.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process for property transactions in Thiruvanmiyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to consider the guideline value, as it influences the overall costs involved in the transaction. Buyers should be aware that the guideline value may differ from the actual sale price, but the duty will be charged on the higher of the two.

Frequently asked questions

What is the current guideline value of Kamaraj Nagar 21st East Street?

The current guideline value of Kamaraj Nagar 21st 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 999 per sq.ft in 2002 to Rs 9,900 per sq.ft in 2024, showing an overall increase of 891%.

What are the stamp duty and registration fees for properties in Kamaraj Nagar 21st 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 21st East Street?

The Chennai South Joint I Sub Registrar Office covers Kamaraj Nagar 21st East Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

What is the median guideline value for streets in Thiruvanmiyur?

The median guideline value for streets in Thiruvanmiyur is Rs 9,900 per sq.ft, which is the same as the current value for Kamaraj Nagar 21st East Street.