Guideline Value for KAMARAJ NAGAR 5TH WEST STREET

Kamaraj Nagar 5th West Street guideline value

The current guideline value of Kamaraj Nagar 5th 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 5th West Street has changed

The guideline value for Kamaraj Nagar 5th West Street has undergone several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 856 per sq.ft. This increased to Rs 947 per sq.ft in 2003, marking an 11% rise. The value then saw a significant increase to Rs 1,300 per sq.ft in 2007, which was a 37% change. Following this, the 2012 revision set the value at Rs 9,000 per sq.ft, reflecting a substantial increase of 592%. However, the value dropped to Rs 6,030 per sq.ft in 2017, a decline of 33% from the previous figure. The 2023 revision brought the value back up to Rs 9,000 per sq.ft, and the latest 2024 revision has set the guideline value at Rs 9,900 per sq.ft, representing a 10% increase from the previous year.

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

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 guideline value of Kamaraj Nagar 5th West Street.

• Kamaraj Nagar 6th East Street: Rs 9,900 per sq.ft (2024)
• Kamaraj Nagar 5th Main Road: Rs 11,000 per sq.ft (2024)
• Kamaraj Nagar 5th East Street: Rs 9,900 per sq.ft (2024)
• Kamaraj Nagar 6th West Street: Rs 9,900 per sq.ft (2024)
• Kamaraj Nagar 4th West Street: Rs 9,900 per sq.ft (2024)
• Kamaraj Nagar 7th East Street: Rs 9,900 per sq.ft (2024)

Stamp duty and registration fee for property in Kamaraj Nagar 5th 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 to Rs 8,91,000. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Kamaraj Nagar 5th West Street?

The Sub Registrar Office that covers Kamaraj Nagar 5th 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. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Thiruvanmiyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When you register a property, the guideline value is compared to the sale price, and the duty is charged on the higher of the two amounts. This ensures that the state receives appropriate revenue from property transactions based on the value of the property being transferred.

Frequently asked questions

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

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

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

For a property valued at 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, totaling Rs 8,91,000.

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

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

What is the land classification for Kamaraj Nagar 5th West Street?

The land classification for Kamaraj Nagar 5th West Street is Residential Class I Type - I, indicating its suitability for residential purposes.