Guideline Value for KAMARAJ NAGAR 4TH STREET

Kamaraj Nagar 4th Street guideline value

The current guideline value of Kamaraj Nagar 4th Street is Rs 5,300 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village, under the Kodambakkam SRO, and is classified as Residential Class II Type - I.

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

The guideline value for Kamaraj Nagar 4th Street has undergone several revisions over the years. The oldest recorded figure is from the 2007 revision, which was Rs 1,500 per sq.ft. This value increased significantly to Rs 4,900 per sq.ft in the 2012 revision, marking a rise of 227%. However, the following revision in 2017 saw a decrease to Rs 3,283 per sq.ft, a drop of 33%. The most recent revision in 2024 raised the value to Rs 5,300 per sq.ft, which represents a 61% increase from 2017. Overall, from 2007 to 2024, the guideline value has increased by 253%.

It is important to note that there are no figures available for the revisions in 2023, 2003, and 2002 for Kamaraj Nagar 4th Street.

Guideline values in Puliyur

In Puliyur village, there are 648 streets under the Kodambakkam SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median guideline value for these streets is Rs 5,800 per sq.ft, placing Kamaraj Nagar 4th Street's 2024 figure below that median.

• Kamaraj Nagar 3rd 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 Street: Rs 3,800 per sq.ft (2024)
• Kamaraj Colony 9th Street: Rs 4,400 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 5,300 per sq.ft, the guideline value amounts to 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 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.

For more details, 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 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 an important factor in the registration process when buying or selling property in Puliyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction is documented accurately according to government regulations.

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 5,300 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 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 are the guideline values of other streets in Puliyur?

Other streets in Puliyur have varying guideline values, with rates ranging from Rs 3,300 to Rs 14,300 per sq.ft. Kamaraj Nagar 4th Street's value is below the median of Rs 5,800 per sq.ft.

What fees are associated with buying property in Kamaraj Nagar 4th Street?

When buying property, buyers need to pay stamp duty at 7% and a registration fee at 2% based on the guideline value or the sale price, whichever is higher.

Where is the Kodambakkam Sub Registrar Office located?

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026, and it handles registrations for Kamaraj Nagar 4th Street.