Guideline Value for KAMARAJ NAGAR 4TH WEST STREET

Kamaraj Nagar 4th West Street guideline value

The current guideline value of Kamaraj Nagar 4th West Street is Rs 9,900 per sq.ft, effective from 1 July 2024. This street is located in Thiruvanmiyur village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class I Type - I.

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

The guideline value for Kamaraj Nagar 4th West Street has seen several revisions over the years. The earliest recorded figure is from 2002, with a guideline value of Rs 856 per sq.ft. This increased to Rs 947 per sq.ft in 2003, marking an 11% rise. By 2007, the value jumped significantly to Rs 1,300 per sq.ft, reflecting a 37% increase. The following revision in 2012 saw a decrease to Rs 9,000 per sq.ft, a drop of 33%. In 2017, the value rose again to Rs 6,030 per sq.ft, which was a 49% increase from the previous figure. The 2023 revision set the value at Rs 9,000 per sq.ft, before the latest revision in 2024 raised it to Rs 9,900 per sq.ft, a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 1,057%. There are no figures available in the register for the years not mentioned above.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 3,520 to Rs 12,660 per sq.ft. The median value is Rs 9,900 per sq.ft, which is equal to the current guideline value for Kamaraj Nagar 4th West Street.

• Kamaraj Nagar 5th East Street: Rs 9,900 per sq.ft (2024)
• Kamaraj Nagar 5th Main Road: Rs 11,000 per sq.ft (2024)
• Kamaraj Nagar 4th Main Road: Rs 11,000 per sq.ft (2024)
• Kamaraj Nagar 4th East Street: Rs 9,900 per sq.ft (2024)
• Kamaraj Nagar 5th West Street: Rs 9,900 per sq.ft (2024)
• Kamaraj Nagar 3rd West Street: Rs 9,900 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 9,900 per sq.ft, the total guideline value amounts to Rs 99,00,000. The stamp duty at 7% would be Rs 6,93,000, and the registration fee at 2% would be Rs 1,98,000, bringing the total cost for these fees to Rs 8,91,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

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

The Kamaraj Nagar 4th West Street is covered by the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Thiruvanmiyur. It is used to determine the stamp duty and registration fees applicable when buying or selling property. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations during the registration process.

When a property is registered, the guideline value serves as a benchmark for the transaction, ensuring that the government receives the appropriate revenue from stamp duty. It is essential for both parties to understand how this value impacts the overall cost of the transaction.

Frequently asked questions

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

The current guideline value of Kamaraj Nagar 4th West Street is Rs 9,900 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 856 per sq.ft in 2002 to Rs 9,900 per sq.ft in 2024, reflecting an overall increase of 1,057% over the years.

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

The registration office for Kamaraj Nagar 4th West Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

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

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft property at the current guideline value, the stamp duty would be Rs 6,93,000.

What are the other streets in Thiruvanmiyur with similar guideline values?

Other streets in Thiruvanmiyur with similar guideline values include Kamaraj Nagar 5th East Street, Kamaraj Nagar 5th Main Road, Kamaraj Nagar 4th Main Road, Kamaraj Nagar 4th East Street, Kamaraj Nagar 5th West Street, and Kamaraj Nagar 3rd West Street, all with varying rates per sq.ft.