Guideline Value for KAMARAJ NAGAR 6TH STREET

Kamaraj Nagar 6th Street guideline value

The current guideline value for Kamaraj Nagar 6th Street is Rs 3,200 per sq.ft, effective from 1 July 2024. This street is located in Perambur village, under the jurisdiction of the Purasaivakkam SRO. The land classification for this area is Residential Class III Type - I.

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

The guideline value for Kamaraj Nagar 6th Street has seen several revisions over the years. The 2007 revision set the value at Rs 600 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012. However, from 2012 to 2017, the value decreased to Rs 2,010 per sq.ft. The subsequent revisions saw a rise, with the 2023 value at Rs 3,000 per sq.ft and the latest 2024 revision at Rs 3,200 per sq.ft, reflecting a 7% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 433%. Notably, the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO that have a guideline value for 2024, ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value for these streets is Rs 2,700 per sq.ft, placing Kamaraj Nagar 6th Street's 2024 value above this median.

• Kamaraj Nagar 5th Street: Rs 3,200 per sq.ft (2024)
• Kamaraj Nagar 7th Street: Rs 3,200 per sq.ft (2024)
• Kamaraj Nagar 8th Street: Rs 3,200 per sq.ft (2024)
• Kamaraj Nagar 4th Street: Rs 3,200 per sq.ft (2024)
• Kamaraj Nagar 3rd Street: Rs 3,200 per sq.ft (2024)
• Kamaraj Nagar 2nd Street: Rs 3,200 per sq.ft (2024)

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

For a property measuring 1,000 sq.ft at the current guideline value of Rs 3,200 per sq.ft, the total guideline value would be Rs 32,00,000. The stamp duty at 7% would amount to Rs 2,24,000, and the registration fee at 2% would be Rs 64,000, bringing the total cost for these fees to Rs 2,88,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamaraj Nagar 6th Street?

The Sub Registrar Office that covers Kamaraj Nagar 6th Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration of property transactions in Perambur. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, which are mandatory for the legal transfer of property ownership.

It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with registration requirements. The fees are calculated based on the guideline value or the sale price, whichever is higher, which can significantly impact the overall cost of the transaction.

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 3,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 3,200 per sq.ft in 2024, marking an overall increase of 433% over the years.

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

Kamaraj Nagar 6th Street is classified as Residential Class III Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Kamaraj Nagar 6th Street?

The Sub Registrar Office for Kamaraj Nagar 6th Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a property valued at Rs 32,00,000, the total fees would amount to Rs 2,88,000.