Guideline Value for KAMARAJ NAGAR 3RD STREET

Kamaraj Nagar 3rd Street guideline value

The current guideline value of Kamaraj Nagar 3rd Street is Rs 3,200 per sq.ft, effective from 1 July 2024. This street is located in Perambur village, under the Purasaivakkam SRO, and is classified as Residential Class III Type - I.

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

Over the years, the guideline value for Kamaraj Nagar 3rd Street has seen significant changes. In 2007, the guideline value was Rs 600 per sq.ft. This increased dramatically to Rs 3,000 per sq.ft in 2012, marking a 400% rise. However, from 2012 to 2017, the value decreased to Rs 2,010 per sq.ft, reflecting a decline of 33%. The value then rose to Rs 3,000 per sq.ft in 2023, which was a 49% increase from the previous revision. The most recent revision in 2024 set the guideline value at Rs 3,200 per sq.ft, representing a 7% increase from 2023.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 433%.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO, with guideline values ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median guideline value for these streets is Rs 2,700 per sq.ft, placing Kamaraj Nagar 3rd Street's 2024 figure above that median.

• Kamaraj Nagar 4th Street: Rs 3,200 per sq.ft (2024)
• Kamaraj Nagar 2nd Street: Rs 3,200 per sq.ft (2024)
• Kamaraj Nagar 5th Street: Rs 3,200 per sq.ft (2024)
• Kamaraj Nagar 6th Street: Rs 3,200 per sq.ft (2024)
• Kamaraj Nagar 1st Street: Rs 3,200 per sq.ft (2024)
• Kamaraj Nagar 7th Street: Rs 3,200 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 rate of Rs 3,200 per sq.ft, the guideline value would be Rs 32,00,000. The stamp duty at 7% would be Rs 2,24,000, and the registration fee at 2% would be Rs 64,000, bringing the total to Rs 2,88,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Kamaraj Nagar 3rd Street?

The Sub Registrar Office that covers Kamaraj Nagar 3rd Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Perambur. It serves as the baseline 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 determine the official value of the property, which may differ from the actual sale price. This ensures that all transactions are recorded fairly and transparently in the land records.

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 3,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 600 per sq.ft in 2007 to Rs 3,200 per sq.ft in 2024, marking an overall increase of 433%.

What is the median guideline value for streets in Perambur?

The median guideline value for streets in Perambur is Rs 2,700 per sq.ft, with Kamaraj Nagar 3rd Street's 2024 value being above this median.

What fees are associated with property registration in Kamaraj Nagar 3rd Street?

For a property in Kamaraj Nagar 3rd Street, the stamp duty is 7% and the registration fee is 2% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Kamaraj Nagar 3rd Street?

The Sub Registrar Office for Kamaraj Nagar 3rd Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.