Guideline Value for KAMARAJ NAGAR 2ND MAIN ROAD

Kamaraj Nagar 2nd Main Road guideline value

The current guideline value of Kamaraj Nagar 2nd Main Road is Rs 11,000 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 Special Type - II.

How the guideline value of Kamaraj Nagar 2nd Main Road has changed

The guideline value for Kamaraj Nagar 2nd Main Road has seen significant changes over the years. In the 2002 revision, the value was Rs 938 per sq.ft, which increased to Rs 1,038 per sq.ft in 2003, marking a rise of 11%. Following this, the value surged to Rs 2,200 per sq.ft in the 2007 revision, reflecting a substantial increase of 112%. The 2012 revision saw the value at Rs 10,000 per sq.ft, which was a notable increase of 355% from the previous revision. However, in the 2017 revision, the value dropped to Rs 6,700 per sq.ft, a decrease of 33%.

In the 2023 revision, the value was set at Rs 10,000 per sq.ft, and it increased by 10% to reach the current rate of Rs 11,000 per sq.ft in the 2024 revision. Overall, from 2002 to 2024, the guideline value has increased by 1,073%.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO with 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, placing Kamaraj Nagar 2nd Main Road's 2024 figure above this median.

• Kamaraj Nagar 2nd East Street: Rs 9,900 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 Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 11,000 per sq.ft, the total guideline value amounts to Rs 1,10,00,000. The stamp duty, calculated at 7%, would be Rs 7,70,000, and the registration fee at 2% would be Rs 2,20,000, totaling Rs 9,90,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamaraj Nagar 2nd Main Road?

The Kamaraj Nagar 2nd Main Road 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 further assistance.

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 stamp duty and registration fees that need to be paid at the time of property registration.

When buying or selling property, the guideline value ensures that the transaction is documented at a fair value, which is essential for legal and taxation purposes. It is important for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kamaraj Nagar 2nd Main Road?

The current guideline value of Kamaraj Nagar 2nd Main Road is Rs 11,000 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 938 per sq.ft in 2002 to Rs 11,000 per sq.ft in 2024, marking an overall increase of 1,073% over this period.

What is the median guideline value for streets in Thiruvanmiyur?

The median guideline value for the 484 streets in Thiruvanmiyur under the Chennai South Joint I SRO is Rs 9,900 per sq.ft.

What are the stamp duty and registration fees for property in Kamaraj Nagar 2nd Main Road?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 7,70,000 and the registration fee would be Rs 2,20,000, totaling Rs 9,90,000.

Which office handles registrations for Kamaraj Nagar 2nd Main Road?

The Chennai South Joint I Sub Registrar Office handles registrations for Kamaraj Nagar 2nd Main Road, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.