Guideline Value for KAMARAJ NAGAR 6TH EAST STREET

Kamaraj Nagar 6th East Street guideline value

The current guideline value of Kamaraj Nagar 6th East Street is Rs 9,900 per sq.ft, effective from 1 July 2024. This street is located in Thiruvanmiyur village, under the Chennai South Joint I SRO, and is classified as Residential Class I Type - I.

How the guideline value of Kamaraj Nagar 6th East Street has changed

The guideline value for Kamaraj Nagar 6th East Street has undergone several revisions over the years. In 2002, the guideline value was Rs 962 per sq.ft, which increased to Rs 1,064 per sq.ft in 2003, marking an increase of 11%. The value saw a significant rise to Rs 1,800 per sq.ft in 2007, reflecting a 69% increase. Following this, the value jumped to Rs 9,000 per sq.ft in 2012, a remarkable increase of 400%. However, it decreased to Rs 6,030 per sq.ft in 2017, showing a decline of 33%. The value then rose to Rs 9,000 per sq.ft in 2023, and most recently, it has increased to Rs 9,900 per sq.ft in 2024, which is a 10% rise.

Overall, from 2002 to 2024, the guideline value has increased by 929%. There are no figures available for the revisions in the years not listed for this street.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO with 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 6th East Street.

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

Stamp duty and registration fee for property in Kamaraj Nagar 6th East Street

For a 1,000 sq.ft plot at the current rate of Rs 9,900 per sq.ft, the guideline value amounts to Rs 99,00,000. The stamp duty at 7% would be Rs 6,93,000, while the registration fee at 2% would be Rs 1,98,000, totaling Rs 8,91,000. It is important to note that 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 precise calculations.

Which Sub Registrar Office covers Kamaraj Nagar 6th East Street?

The Kamaraj Nagar 6th East Street 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. 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 when registering property transactions in Thiruvanmiyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of a property. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value is used to calculate the applicable charges, ensuring that both parties are aware of the financial obligations involved in the transaction. It is essential to consult the latest guideline values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kamaraj Nagar 6th East Street?

The current guideline value of Kamaraj Nagar 6th East 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 from Rs 962 per sq.ft in 2002 to Rs 9,900 per sq.ft in 2024, reflecting an overall increase of 929% over the years.

What is the land classification for Kamaraj Nagar 6th East Street?

Kamaraj Nagar 6th East Street is classified as Residential Class I Type - I.

Where can I calculate stamp duty and registration fees?

You can calculate the stamp duty and registration fees using the stamp duty and registration fee calculator available online.

Which Sub Registrar Office covers this street?

The Kamaraj Nagar 6th East 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.