Guideline Value for KAMARAJ NAGAR 5TH STREET

Kamaraj Nagar 5th Street guideline value

The current guideline value of Kamaraj Nagar 5th 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 is classified as Residential Class II Type - II.

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

The guideline value for Kamaraj Nagar 5th Street has seen several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 173 per sq.ft. This increased to Rs 250 per sq.ft in 2003, marking a 45% rise. The value further increased to Rs 600 per sq.ft in 2007, reflecting a significant 140% change. By 2012, the value was Rs 3,000 per sq.ft, which was a 400% increase from the previous revision. However, there was a decrease to Rs 2,010 per sq.ft in 2017, showing a decline of 33%. The value then rose to Rs 3,000 per sq.ft in 2023, which was a 49% increase. The most recent revision in 2024 brought the value to Rs 3,300 per sq.ft, representing a 10% increase from 2023.

The register has no figures for Kamaraj Nagar 5th Street for the years not mentioned in the revisions above.

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, with a median value of Rs 3,300 per sq.ft. The guideline value for Kamaraj Nagar 5th Street is equal to this median.

• Kamaraj Nagar 6th Cross Street: Rs 3,300 per sq.ft (2024)
• Kamaraj Nagar 5th Cross Street: Rs 3,300 per sq.ft (2024)
• Kamaraj Nagar 4th Street: Rs 3,300 per sq.ft (2024)
• Kamaraj Nagar 7th Cross Street: Rs 3,300 per sq.ft (2024)
• Kamaraj Nagar 4th Cross Street: Rs 3,300 per sq.ft (2024)
• Kamaraj Nagar 8th Cross Street: Rs 3,300 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, while the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Kamaraj Nagar 5th Street?

The Kamaraj Nagar 5th 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. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Perungudi. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When buying or selling property, the guideline value ensures that the transaction is recorded at a value that reflects the current market conditions as set by the Registration Department. This helps maintain transparency and consistency in property dealings.

Frequently asked questions

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

The current guideline value of Kamaraj Nagar 5th 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 1808% over this period.

What is the stamp duty rate for properties in Kamaraj Nagar 5th Street?

The stamp duty rate for properties in Kamaraj Nagar 5th Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Kamaraj Nagar 5th Street?

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

What is the median guideline value for streets in Perungudi?

The median guideline value for streets in Perungudi is Rs 3,300 per sq.ft, which is the same as the guideline value for Kamaraj Nagar 5th Street in 2024.