Guideline Value for KAMARAJ NAGAR 4TH CROSS STREET

Kamaraj Nagar 4th Cross Street guideline value

The current guideline value of Kamaraj Nagar 4th Cross Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Perungudi village under the Neelankarai SRO and is classified as Residential Class II Type - II.

How the guideline value of Kamaraj Nagar 4th Cross Street has changed

Over the years, the guideline value of Kamaraj Nagar 4th Cross Street has seen significant changes. The earliest recorded figure is Rs 173 per sq.ft in 2002, which increased to Rs 250 per sq.ft in 2003, marking a rise of 45%. By 2007, the value surged to Rs 600 per sq.ft, reflecting a 140% increase. The value then jumped to Rs 3,000 per sq.ft in 2012, a remarkable increase of 400%. However, it decreased to Rs 2,010 per sq.ft in 2017, showing a decline of 33%. In 2023, the value rose to Rs 3,000 per sq.ft, and the most recent revision in 2024 has set it at Rs 3,300 per sq.ft, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1,808%. There are no figures available in the register for revisions in other years for this street.

Guideline values in Perungudi

In Perungudi, there are 249 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 8,800 per sq.ft, with the median being Rs 3,300 per sq.ft. Kamaraj Nagar 4th Cross Street's 2024 figure aligns with this median.

• Kamaraj Nagar 3rd Street: Rs 3,300 per sq.ft (2024)
• Kamaraj Nagar 4th Street: Rs 3,300 per sq.ft (2024)
• Kamaraj Nagar 5th Cross Street: Rs 3,300 per sq.ft (2024)
• Kamaraj Nagar 3rd Cross Street: Rs 3,300 per sq.ft (2024)
• Kamaraj Nagar 2nd Street: Rs 3,300 per sq.ft (2024)
• Kamaraj Nagar 5th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kamaraj Nagar 4th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. 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 more details.

Which Sub Registrar Office covers Kamaraj Nagar 4th Cross Street?

The Kamaraj Nagar 4th Cross Street falls under the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Perungudi, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with legal requirements during the registration process.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial obligations associated with the transaction, based on the established guideline value.

Frequently asked questions

What is the current guideline value of Kamaraj Nagar 4th Cross Street?

The current guideline value of Kamaraj Nagar 4th Cross Street is Rs 3,300 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 173 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 1,808% over the years.

What is the registration office for Kamaraj Nagar 4th Cross Street?

The registration office for Kamaraj Nagar 4th Cross Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai.

How is stamp duty calculated for properties in Kamaraj Nagar 4th Cross Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 at a rate of 7%.

What are the other streets in Perungudi with the same guideline value?

Other streets in Perungudi, such as Kamaraj Nagar 3rd Street, Kamaraj Nagar 4th Street, and Kamaraj Nagar 5th Cross Street, also have a guideline value of Rs 3,300 per sq.ft as of 2024.