Guideline Value for KAMARAJ NAGAR 25TH EAST STREET

Kamaraj Nagar 25th East Street guideline value

The current guideline value for Kamaraj Nagar 25th East Street is Rs 9,900 per sq.ft. This street is located in Thiruvanmiyur village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Kamaraj Nagar 25th East Street has changed

The guideline value for Kamaraj Nagar 25th East Street has seen significant changes over the years. In 2002, the value was Rs 837 per sq.ft, which increased to Rs 926 per sq.ft in 2003. Following this, the value rose substantially to Rs 1,800 per sq.ft in 2007, marking an increase of 94%. The value then surged to Rs 9,000 per sq.ft in 2012, representing a remarkable 400% increase from the previous revision. However, it decreased to Rs 6,030 per sq.ft in 2017, a decline of 33%. The value then increased to Rs 9,000 per sq.ft in 2023 before reaching the current rate of Rs 9,900 per sq.ft in 2024, reflecting a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1083%. There are no figures available for the revisions in years other than those specified.

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 in this area is Rs 9,900 per sq.ft, which is equal to the current value for Kamaraj Nagar 25th East Street.

• Kamaraj Nagar 24th East Street: Rs 9,900 per sq.ft (2024)
• KAMARAJ NAGAR 26th EAST STREET: Rs 9,900 per sq.ft (2024)
• Kamaraj Nagar 23rd East Street: Rs 9,900 per sq.ft (2024)
• Kamaraj Nagar 22nd East Street: Rs 9,900 per sq.ft (2024)
• Kamaraj Nagar 21st East Street: Rs 9,900 per sq.ft (2024)
• Kamaraj Nagar 2nd East Street: Rs 9,900 per sq.ft (2024)

Stamp duty and registration fee for property in Kamaraj Nagar 25th 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 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 details.

Which Sub Registrar Office covers Kamaraj Nagar 25th East Street?

The Kamaraj Nagar 25th 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 is a crucial factor in the registration process when buying or selling property in Thiruvanmiyur. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are appropriately assessed based on the property's value.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to determine the applicable duties. This process helps maintain transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value of Kamaraj Nagar 25th East Street?

The current guideline value of Kamaraj Nagar 25th East Street is Rs 9,900 per sq.ft, effective from July 1, 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 837 per sq.ft in 2002 to Rs 9,900 per sq.ft in 2024, reflecting an overall increase of 1083% over this period.

What is the stamp duty for property in Kamaraj Nagar 25th East Street?

The stamp duty for property in Kamaraj Nagar 25th East Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Kamaraj Nagar 25th East Street located?

The Sub Registrar Office covering Kamaraj Nagar 25th East Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

What is the land classification for Kamaraj Nagar 25th East Street?

The land classification for Kamaraj Nagar 25th East Street is Residential Class I Type - I, indicating its designation for residential use.