Guideline Value for KAMARAJ NAGAR 3RD EAST STREET

Kamaraj Nagar 3rd East Street guideline value

The current guideline value of Kamaraj Nagar 3rd 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 3rd East Street has changed

The guideline value for Kamaraj Nagar 3rd East Street has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 962 per sq.ft. It increased to Rs 1,064 per sq.ft in 2003, marking a rise of 11%. The value further increased to Rs 1,800 per sq.ft in 2007, which was a significant jump of 69%. In 2012, the value was Rs 9,000 per sq.ft, reflecting a substantial increase of 400% from the previous revision. However, it dropped to Rs 6,030 per sq.ft in 2017, a decrease of 33%. The value then rose to Rs 9,000 per sq.ft in 2023, before reaching the current figure of Rs 9,900 per sq.ft in 2024, which is an increase of 10% from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 929%. There are no figures available for the 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 ranging from Rs 3,520 to Rs 12,660 per sq.ft. The median value is Rs 9,900 per sq.ft, which is equal to the current guideline value of Kamaraj Nagar 3rd East Street.

• Kamaraj Nagar 3rd Main Road: Rs 12,660 per sq.ft (2024)
• Kamaraj Nagar 2nd West Street: Rs 9,900 per sq.ft (2024)
• Kamaraj Nagar 3rd West Street: Rs 9,900 per sq.ft (2024)
• Kamaraj Nagar 4th East Street: Rs 9,900 per sq.ft (2024)
• Kamaraj Nagar 4th Main Road: Rs 11,000 per sq.ft (2024)
• Kamaraj Nagar 2nd Main Road: Rs 11,000 per sq.ft (2024)

Stamp duty and registration fee for property in Kamaraj Nagar 3rd 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 is 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, totaling 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. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamaraj Nagar 3rd East Street?

Kamaraj Nagar 3rd 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 of property transactions in Thiruvanmiyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a buyer or seller registers a property, the guideline value is used to calculate the applicable fees. This ensures that the transaction adheres to the legal requirements set by the Registration Department, providing a transparent basis for property valuation.

Frequently asked questions

What is the current guideline value of Kamaraj Nagar 3rd East Street?

The current guideline value of Kamaraj Nagar 3rd 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 multiple times, starting from Rs 962 per sq.ft in 2002 to Rs 9,900 per sq.ft in 2024, reflecting an overall increase of 929% over the years.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 99,00,000, the total fees would amount to Rs 8,91,000.

Which office handles the registration for Kamaraj Nagar 3rd East Street?

The Chennai South Joint I Sub Registrar Office is responsible for handling registrations for Kamaraj Nagar 3rd East Street, 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 3rd East Street?

Kamaraj Nagar 3rd East Street is classified as Residential Class I Type - I, indicating its suitability for residential development and use.