Guideline Value for KAMARAJ NAGAR 5TH CROSS STREET

Kamaraj Nagar 5th Cross Street guideline value

The current guideline value of Kamaraj Nagar 5th 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 it falls under the Residential Class II Type - II land classification.

How the guideline value of Kamaraj Nagar 5th Cross Street has changed

The guideline value for Kamaraj Nagar 5th Cross Street has seen several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 173 per sq.ft. It increased to Rs 250 per sq.ft in 2003, followed by a significant rise to Rs 600 per sq.ft in 2007. The value then jumped to Rs 3,000 per sq.ft in 2012, but decreased to Rs 2,010 per sq.ft in 2017. The 2023 revision saw the value rise to Rs 3,000 per sq.ft, and the most recent revision in 2024 has set it at Rs 3,300 per sq.ft.

Between the revisions, notable changes include a 10% increase from 2023 to 2024, a 49% increase from 2017 to 2023, and a 400% increase from 2007 to 2012. The value decreased by 33% from 2012 to 2017. Overall, from 2002 to 2024, the guideline value has increased by 1,808%.

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. The median guideline value is Rs 3,300 per sq.ft, which is equal to the current value of Kamaraj Nagar 5th Cross Street.

• Kamaraj Nagar 4th Street: Rs 3,300 per sq.ft (2024)
• Kamaraj Nagar 5th Street: Rs 3,300 per sq.ft (2024)
• Kamaraj Nagar 6th Cross Street: Rs 3,300 per sq.ft (2024)
• Kamaraj Nagar 4th Cross Street: Rs 3,300 per sq.ft (2024)
• Kamaraj Nagar 3rd Street: Rs 3,300 per sq.ft (2024)
• Kamaraj Nagar 7th Cross Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kamaraj Nagar 5th 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 would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. 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 5th Cross Street?

The Kamaraj Nagar 5th 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. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor when registering property transactions in Perungudi. It determines the minimum value at which a property can be registered, ensuring that the transaction reflects a fair value in the eyes of the law.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kamaraj Nagar 5th Cross Street?

The current guideline value of Kamaraj Nagar 5th 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 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 median guideline value in Perungudi?

The median guideline value in Perungudi is Rs 3,300 per sq.ft, which is the same as the current value for Kamaraj Nagar 5th Cross Street.

What are the stamp duty and registration fees for property in Kamaraj Nagar 5th Cross Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 33,00,000, leading to a stamp duty of Rs 2,31,000 and a registration fee of Rs 66,000, totaling Rs 2,97,000.

Which office handles registrations for Kamaraj Nagar 5th Cross Street?

The Neelankarai Sub Registrar Office handles registrations for Kamaraj Nagar 5th Cross Street, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.