Guideline Value for KAMARAJ NAGAR 2ND STREET

Kamaraj Nagar 2nd Street guideline value

The current guideline value of Kamaraj Nagar 2nd Street is Rs 1,625 per sq.ft, effective from 1 July 2024. This street is located in Paruthipattu village, under the Avadi SRO, and is classified as Residential Special Type - I.

How the guideline value of Kamaraj Nagar 2nd Street has changed

The guideline value for Kamaraj Nagar 2nd Street has undergone several revisions over the years. In 2002, the guideline value was Rs 176 per sq.ft. This increased to Rs 203 per sq.ft in 2003, marking a 15% rise. The value then saw a significant increase to Rs 350 per sq.ft in 2007, which was a 72% increase. Following this, the value jumped to Rs 1,200 per sq.ft in 2012, reflecting a 243% increase. However, from 2012 to 2017, the value decreased to Rs 804 per sq.ft, which was a decline of 33%. The next revision in 2023 set the value at Rs 1,500 per sq.ft, an 87% increase from the previous figure. The most recent revision in 2024 has set the guideline value at Rs 1,625 per sq.ft, which is an 8% increase from 2023.

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

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 801 to Rs 4,730 per sq.ft. The median guideline value for these streets is Rs 1,625 per sq.ft, which is equal to the 2024 figure for Kamaraj Nagar 2nd Street.

• Kamaraj Nagar 1st Street: Rs 1,625 per sq.ft (2024)
• Kamaraj Nagar 2nd Street: Rs 1,625 per sq.ft (2024)
• Kamaraj Nagar 3rd Street: Rs 1,625 per sq.ft (2024)
• Kamaraj Nagar 4th Street: Rs 1,625 per sq.ft (2024)
• Kamaraj Nagar 5th Street: Rs 1,625 per sq.ft (2024)
• Kamaraj Nagar 6th Street: Rs 1,625 per sq.ft (2024)
• Kamaraj Nagar 7th Street: Rs 1,625 per sq.ft (2024)

Stamp duty and registration fee for property in Kamaraj Nagar 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,625 per sq.ft, the total guideline value would be Rs 16,25,000. The stamp duty at 7% would amount to Rs 1,13,750, and the registration fee at 2% would be Rs 32,500. Together, the total fees would be Rs 1,46,250. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Kamaraj Nagar 2nd Street?

The Kamaraj Nagar 2nd Street falls under the jurisdiction of the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Paruthipattu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

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

Frequently asked questions

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

The current guideline value of Kamaraj Nagar 2nd Street is Rs 1,625 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent increase being 8% from Rs 1,500 per sq.ft in 2023 to Rs 1,625 per sq.ft in 2024.

What land classification does Kamaraj Nagar 2nd Street fall under?

Kamaraj Nagar 2nd Street is classified as Residential Special Type - I.

Where is the Avadi Sub Registrar Office located?

The Avadi Sub Registrar Office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the stamp duty calculated for properties in Kamaraj Nagar 2nd Street?

The stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 16,25,000 would incur a stamp duty of Rs 1,13,750 at 7%.