Guideline Value for KAMARAJ NAGAR 7TH WEST STREET

Kamaraj Nagar 7th West Street guideline value

The current guideline value of Kamaraj Nagar 7th 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 7th West Street has changed

The guideline value for Kamaraj Nagar 7th West Street has seen significant changes over the years. In 2002, the guideline value was Rs 837 per sq.ft. This increased to Rs 926 per sq.ft in 2003, marking an 11% rise. The value then rose to Rs 1,300 per sq.ft in 2007, showing a 40% increase. By 2012, the value reached Rs 9,000 per sq.ft, reflecting a substantial 592% increase from the previous revision. However, between 2012 and 2017, the value decreased to Rs 6,030 per sq.ft, which was a decline of 33%. The value then increased to Rs 9,000 per sq.ft in 2023, followed by the current value of Rs 9,900 per sq.ft in 2024, representing a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 1083%. 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 guideline value is Rs 9,900 per sq.ft, which is equal to the current value of Kamaraj Nagar 7th West Street.

• Kamaraj Nagar 8th East Street: Rs 9,900 per sq.ft (2024)
• Kamaraj Nagar 7th East Street: Rs 9,900 per sq.ft (2024)
• Kamaraj Nagar 8th West Street: Rs 9,900 per sq.ft (2024)
• Kamaraj Nagar 6th West Street: Rs 9,900 per sq.ft (2024)
• Kamaraj Nagar 9th East Street: Rs 9,900 per sq.ft (2024)
• Kamaraj Nagar 9th West Street: Rs 9,900 per sq.ft (2024)

Stamp duty and registration fee for property in Kamaraj Nagar 7th West Street

For a 1,000 sq.ft plot at the current guideline value, 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. It is important to 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 more details.

Which Sub Registrar Office covers Kamaraj Nagar 7th West Street?

The Kamaraj Nagar 7th West 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 an essential 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 buying or selling property in the area.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are levied based on the established rates. Buyers and sellers should be aware of the guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Kamaraj Nagar 7th West Street?

The current guideline value of Kamaraj Nagar 7th 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 837 per sq.ft in 2002 to Rs 9,900 per sq.ft in 2024, showing an overall increase of 1083% over the years.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 99,00,000, the stamp duty would be Rs 6,93,000, and the registration fee would be Rs 1,98,000, totaling Rs 8,91,000.

Which office handles registrations for Kamaraj Nagar 7th West Street?

The Chennai South Joint I Sub Registrar Office handles registrations for Kamaraj Nagar 7th West Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is the guideline value determined for properties?

The guideline value is determined based on various factors, including location, land classification, and revisions made by the registration department. It is updated periodically to reflect changes in the real estate market.