Guideline Value for KAMARAJ NAGAR 3RD STREET

Kamaraj Nagar 3rd Street guideline value

The current guideline value of Kamaraj Nagar 3rd Street is Rs 5,300 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village under the Kodambakkam SRO, classified as Residential Class II Type - I.

How the guideline value of Kamaraj Nagar 3rd Street has changed

The guideline value for Kamaraj Nagar 3rd Street has seen several revisions over the years. The earliest recorded figure is from 2007, where the guideline value was Rs 1,500 per sq.ft. This increased significantly to Rs 4,900 per sq.ft in 2012, marking a rise of 227%. However, from 2012 to 2017, the value dropped to Rs 3,283 per sq.ft, a decrease of 33%. The most recent revision in 2024 set the guideline value at Rs 5,300 per sq.ft, reflecting an increase of 61% from the 2017 figure.

There are no recorded figures for the years 2002, 2003, and 2023 for Kamaraj Nagar 3rd Street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 253%.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO that have a 2024 guideline value ranging from Rs 3,300 to Rs 14,300 per sq.ft, with a median value of Rs 5,800 per sq.ft. Kamaraj Nagar 3rd Street's current 2024 guideline value is below this median.

• Kamaraj Nagar 4th Street: Rs 5,300 per sq.ft (2024)
• Kamaraj Nagar 2nd Street: Rs 5,300 per sq.ft (2024)
• Kamaraj Nagar 1st Street: Rs 5,300 per sq.ft (2024)
• Kamaraj Nagar Extension: Rs 5,300 per sq.ft (2024)
• Kamaraj Colony 9th Street: Rs 4,400 per sq.ft (2024)
• Kamaraj Colony 8th Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Kamaraj Nagar 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,300 per sq.ft, the total guideline value would be Rs 53,00,000. The stamp duty at 7% would be Rs 3,71,000, and the registration fee at 2% would be Rs 1,06,000, bringing the total fees together to Rs 4,77,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kamaraj Nagar 3rd Street?

The Kamaraj Nagar 3rd Street is covered by the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration process when buying or selling property in Puliyur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

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

The current guideline value of Kamaraj Nagar 3rd Street is Rs 5,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2007 to Rs 5,300 per sq.ft in 2024, reflecting an overall increase of 253% over the years.

What was the guideline value in 2017?

The guideline value in 2017 was Rs 3,283 per sq.ft, which increased to Rs 5,300 per sq.ft in 2024.

Are there any years with no recorded guideline value for this street?

Yes, there are no recorded guideline values for Kamaraj Nagar 3rd Street in the years 2002, 2003, and 2023.

What is the registration office for Kamaraj Nagar 3rd Street?

The registration office for Kamaraj Nagar 3rd Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.