Guideline Value for KAMARAJ NAGAR 6TH STREET

Kamaraj Nagar 6th Street guideline value

The current guideline value of Kamaraj Nagar 6th Street, located in Paruthipattu village under the Avadi SRO, is Rs 1,625 per sq.ft, effective from 1 July 2024. This street is classified as Residential Special Type - I.

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

The guideline value for Kamaraj Nagar 6th Street has undergone several revisions over the years. The earliest recorded figure is from 2002, which was Rs 176 per sq.ft. This increased to Rs 203 per sq.ft in 2003, marking a 15% rise. In 2007, the value saw a significant jump to Rs 350 per sq.ft, which is an increase of 72%. The 2012 revision set the value at Rs 1,200 per sq.ft, reflecting a substantial growth of 243% from the previous figure. However, this was followed by a decrease to Rs 804 per sq.ft in 2017, which represented a decline of 33%.

From 2017 to 2023, the guideline value rose dramatically to Rs 1,500 per sq.ft, an increase of 87%. The most recent revision in 2024 set the value at Rs 1,625 per sq.ft, which is an 8% increase from 2023. There are no figures available for the years not mentioned in the register for this street.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO, with guideline values ranging from Rs 801 to Rs 4,730 per sq.ft. The median guideline value is Rs 1,625 per sq.ft, which is equal to the 2024 figure for Kamaraj Nagar 6th Street.

• Kamaraj Nagar 7th Street: Rs 1,625 per sq.ft (2024)
• Kamaraj Nagar 5th Street: Rs 1,625 per sq.ft (2024)
• Kamaraj Nagar 8th Street: Rs 1,625 per sq.ft (2024)
• Kamaraj Nagar 4th Street: Rs 1,625 per sq.ft (2024)
• Kamaraj Nagar 9th St (Commercial): Rs 1,625 per sq.ft (2024)
• Kamaraj Nagar 3rd Street: Rs 1,625 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 16,25,000. The stamp duty at 7% would be Rs 1,13,750, and the registration fee at 2% would be Rs 32,500, totaling Rs 1,46,250. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kamaraj Nagar 6th Street?

The Kamaraj Nagar 6th Street is covered by the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Paruthipattu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the value of the property based on official records. It is essential for buyers to be aware of the guideline value to ensure they are paying a fair amount in accordance with government regulations.

Frequently asked questions

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

The current guideline value of Kamaraj Nagar 6th Street is Rs 1,625 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 176 per sq.ft in 2002 to Rs 1,625 per sq.ft in 2024, reflecting an overall increase of 823% over the years.

What is the registration office for Kamaraj Nagar 6th Street?

The registration office for Kamaraj Nagar 6th Street is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What are the stamp duty and registration fees for property in Kamaraj Nagar 6th Street?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a plot of 1,000 sq.ft, the total fees would amount to Rs 1,46,250.

Where can I find more information about guideline values in Paruthipattu?

More information about guideline values in Paruthipattu can be found through the Registration Department's guideline value register (TNReginet) or by visiting the Avadi Sub Registrar Office.