Guideline Value for KAMARAJ NAGAR 4TH STREET

Kamaraj Nagar 4th Street guideline value

The current guideline value of Kamaraj Nagar 4th Street is Rs 1,625 per sq.ft, effective from 1 July 2024. This street is located in Paruthipattu village, under the Avadi SRO, with a land classification of Residential Special Type - I.

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

Over the years, the guideline value of Kamaraj Nagar 4th Street has seen several revisions. The earliest recorded figure is from 2002, where the guideline value was Rs 176 per sq.ft. This increased to Rs 203 per sq.ft in 2003, marking a 15% rise. In 2007, the value jumped significantly to Rs 350 per sq.ft, reflecting a 72% increase. The following revision in 2012 saw a decrease to Rs 1,200 per sq.ft, which was a decline of 33%. However, the value rebounded to Rs 804 per sq.ft in 2017, representing an 87% increase. The most recent figures show a rise to Rs 1,500 per sq.ft in 2023 and a further increase to Rs 1,625 per sq.ft in 2024, which is an 8% change.

There are no recorded figures for Kamaraj Nagar 4th Street for the years not mentioned in the register. Overall, from 2002 to 2024, the guideline value has increased by 823%.

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 value for these streets is Rs 1,625 per sq.ft, which is equal to the 2024 figure for Kamaraj Nagar 4th Street.

• Kamaraj Nagar 5th Street: Rs 1,625 per sq.ft (2024)
• Kamaraj Nagar 3rd Street: Rs 1,625 per sq.ft (2024)
• Kamaraj Nagar 6th Street: Rs 1,625 per sq.ft (2024)
• Kamaraj Nagar 2nd Street: Rs 1,625 per sq.ft (2024)
• Kamaraj Nagar 7th Street: Rs 1,625 per sq.ft (2024)
• Kamaraj Nagar 8th Street: Rs 1,625 per sq.ft (2024)

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

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

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamaraj Nagar 4th Street?

The Sub Registrar Office that covers Kamaraj Nagar 4th Street is 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 information.

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 minimum value at which properties can be registered, ensuring that the state collects appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the financial obligations related to the transaction. Buyers and sellers should be aware of the current guideline value to ensure compliance with registration requirements.

Frequently asked questions

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

The current guideline value of Kamaraj Nagar 4th 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 changed significantly from Rs 176 per sq.ft in 2002 to Rs 1,625 per sq.ft in 2024, showing an overall increase of 823%.

What are the stamp duty and registration fees for property in Kamaraj Nagar 4th Street?

For a 1,000 sq.ft property, the total guideline value is Rs 16,25,000. The stamp duty is Rs 1,13,750, and the registration fee is Rs 32,500, totaling Rs 1,46,250.

Which office handles property registrations for Kamaraj Nagar 4th Street?

The Avadi Sub Registrar Office handles property registrations for Kamaraj Nagar 4th Street, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What is the land classification for Kamaraj Nagar 4th Street?

The land classification for Kamaraj Nagar 4th Street is Residential Special Type - I.