Guideline Value for KAMARAJ NAGAR 2ND EAST STREET

Kamaraj Nagar 2nd East Street guideline value

The current guideline value of Kamaraj Nagar 2nd East Street is Rs 9,900 per sq.ft, effective from 1 July 2024. 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 2nd East Street has changed

The guideline value for Kamaraj Nagar 2nd East Street has seen several revisions over the years. In 2002, the guideline value was Rs 1,521 per sq.ft. This increased to Rs 1,683 per sq.ft in 2003, marking an increase of 11%. The value then rose by 31% to Rs 2,200 per sq.ft in 2007. Following this, the value saw a significant jump of 309%, reaching Rs 9,000 per sq.ft in 2012. However, there was a decrease of 33% to Rs 6,030 per sq.ft in 2017. The value then increased by 49% to Rs 9,000 per sq.ft in 2023, and finally, it increased by 10% to the current value of Rs 9,900 per sq.ft in 2024.

There are no figures available for the revisions in years not mentioned in the register for this street.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO with a 2024 guideline value range 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 guideline value of Kamaraj Nagar 2nd East Street.

• Kamaraj Nagar 2nd Main Road: Rs 11,000 per sq.ft (2024)
• KAMARAJ NAGAR 26th EAST STREET: Rs 9,900 per sq.ft (2024)
• Kamaraj Nagar 25th East Street: Rs 9,900 per sq.ft (2024)
• Kamaraj Nagar 24th 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)

Stamp duty and registration fee for property in Kamaraj Nagar 2nd 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 amounts to Rs 99,00,000. The stamp duty at 7% would be Rs 6,93,000, and the registration fee at 2% would be Rs 1,98,000, making the total cost for these fees 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 calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamaraj Nagar 2nd East Street?

Kamaraj Nagar 2nd East Street is covered by 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 when registering property transactions in Thiruvanmiyur. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value helps to establish a fair price for the transaction, as it reflects the official valuation set by the government. Buyers and sellers should be aware of the current guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Kamaraj Nagar 2nd East Street?

The current guideline value of Kamaraj Nagar 2nd 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 several times, starting from Rs 1,521 per sq.ft in 2002 to the current Rs 9,900 per sq.ft in 2024, reflecting a significant overall increase of 551% since 2002.

What is the stamp duty for property in Kamaraj Nagar 2nd East Street?

The stamp duty for property in Kamaraj Nagar 2nd East Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Kamaraj Nagar 2nd East Street?

The Sub Registrar Office covering Kamaraj Nagar 2nd 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 2nd East Street?

The land classification for Kamaraj Nagar 2nd East Street is Residential Class I Type - I, indicating its suitability for residential development.