Guideline Value for KAMARAJ NAGAR 4TH STREET

Kamaraj Nagar 4th Street guideline value

The current guideline value of Kamaraj Nagar 4th 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 4th Street has changed

Over the years, the guideline value of Kamaraj Nagar 4th Street has experienced significant changes. In the 2007 revision, the value was Rs 600 per sq.ft, which rose to Rs 3,000 per sq.ft in 2012. This marked an increase of 400%. However, by 2017, the value decreased to Rs 2,010 per sq.ft, reflecting a decline of 33%. The value then increased substantially to Rs 3,000 per sq.ft in 2023, and further to Rs 3,200 per sq.ft in the 2024 revision, showing an increase of 7% from the previous year. The register has no figure for the years 2002 and 2003.

From the 2017 revision to the 2023 revision, the guideline value increased by 49%. Overall, from 2007 to 2024, the guideline value has increased by 433%, highlighting the changes in property valuation in this area.

Guideline values in Perambur

In Perambur, there are 1114 streets under the Purasaivakkam SRO that carry a 2024 guideline value, ranging from Rs 1,600 to Rs 7,100 per sq.ft, with a median value of Rs 2,700 per sq.ft. Kamaraj Nagar 4th Street's 2024 guideline value is above this median.

• Kamaraj Nagar 5th Street: Rs 3,200 per sq.ft (2024)
• Kamaraj Nagar 3rd Street: Rs 3,200 per sq.ft (2024)
• Kamaraj Nagar 6th Street: Rs 3,200 per sq.ft (2024)
• Kamaraj Nagar 2nd Street: Rs 3,200 per sq.ft (2024)
• Kamaraj Nagar 7th Street: Rs 3,200 per sq.ft (2024)
• Kamaraj Nagar 8th Street: Rs 3,200 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 3,200 per sq.ft, the total guideline value would be Rs 32,00,000. The stamp duty at 7% would amount to Rs 2,24,000, and the registration fee at 2% would be Rs 64,000, making the total Rs 2,88,000. 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 Street?

The Sub Registrar Office covering Kamaraj Nagar 4th 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 when registering property transactions in Perambur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the registration process is aligned with the current market valuations as determined by the government.

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

How has the guideline value changed over the years?

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

What are the stamp duty rates for properties in this area?

The stamp duty for properties in Kamaraj Nagar 4th Street is charged at 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Kamaraj Nagar 4th Street?

The Sub Registrar Office for Kamaraj Nagar 4th Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

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

Kamaraj Nagar 4th Street is classified as Residential Class III Type - I, which indicates its zoning for residential use.