Guideline Value for KAMARAJ NAGAR 5TH MAIN ROAD

Kamaraj Nagar 5th Main Road guideline value

The current guideline value of Kamaraj Nagar 5th Main Road is Rs 11,000 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 Special Type - II.

How the guideline value of Kamaraj Nagar 5th Main Road has changed

The guideline value for Kamaraj Nagar 5th Main Road has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 896 per sq.ft. This increased to Rs 991 per sq.ft in 2003, marking an increase of 11%. The value then rose significantly to Rs 1,300 per sq.ft in 2007, which was a 31% increase. After that, it saw a substantial jump to Rs 10,000 per sq.ft in 2012, reflecting a 669% increase. However, it decreased to Rs 6,700 per sq.ft in 2017, which was a 33% decrease. The value then increased to Rs 10,000 per sq.ft in 2023, a 49% rise, and finally reached Rs 11,000 per sq.ft in 2024, a 10% increase.

There are no figures available for the revisions of years not listed in the register for this street. The overall change from 2002 to 2024 shows an increase of 1128% in the guideline value.

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, with a median value of Rs 9,900 per sq.ft. Kamaraj Nagar 5th Main Road's 2024 figure is above this median.

• Kamaraj Nagar 5th East Street: Rs 9,900 per sq.ft (2024)
• Kamaraj Nagar 4th West Street: Rs 9,900 per sq.ft (2024)
• Kamaraj Nagar 5th West Street: Rs 9,900 per sq.ft (2024)
• Kamaraj Nagar 6th East Street: Rs 9,900 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)

Stamp duty and registration fee for property in Kamaraj Nagar 5th Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 11,000 per sq.ft, the total guideline value amounts to Rs 1,10,00,000. The stamp duty at 7% would be Rs 7,70,000, and the registration fee at 2% would be Rs 2,20,000, making the total fees Rs 9,90,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kamaraj Nagar 5th Main Road?

Kamaraj Nagar 5th Main Road falls under 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. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Thiruvanmiyur. It determines the minimum value at which the property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to be aware of the current guideline value, as it can affect the overall costs involved in the transaction. Buyers should ensure that they are informed about the guideline values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kamaraj Nagar 5th Main Road?

The current guideline value of Kamaraj Nagar 5th Main Road is Rs 11,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 896 per sq.ft in 2002 to Rs 11,000 per sq.ft in 2024, showing an overall increase of 1128% over the years.

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

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 9,90,000.

Which office handles registrations for Kamaraj Nagar 5th Main Road?

The Chennai South Joint I Sub Registrar Office handles registrations for Kamaraj Nagar 5th Main Road, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

What is the significance of the guideline value when buying property?

The guideline value is used to determine the minimum registration value for a property, affecting the stamp duty and registration fees that must be paid during a transaction. It ensures that the government receives the appropriate taxes based on the property's value.