Guideline Value for KAMARAJ NAGAR 8TH CROSS STREET

Kamaraj Nagar 8th Cross Street guideline value

The current guideline value of Kamaraj Nagar 8th Cross Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Perungudi village, under the Neelankarai SRO, and is classified as Residential Class II Type - II.

How the guideline value of Kamaraj Nagar 8th Cross Street has changed

The guideline value for Kamaraj Nagar 8th Cross Street has seen several revisions over the years. In 2002, the value was Rs 173 per sq.ft, which increased to Rs 250 per sq.ft in 2003, marking a change of +45%. The value then rose significantly to Rs 600 per sq.ft in 2007, an increase of +140%. Following this, the value jumped to Rs 3,000 per sq.ft in 2012, reflecting a substantial increase of +400%. However, from 2012 to 2017, the value decreased to Rs 2,010 per sq.ft, a decline of -33%. The value then rose again to Rs 3,000 per sq.ft in 2023, and most recently, it increased to Rs 3,300 per sq.ft in 2024, marking a change of +10%.

It is important to note that there are no figures available for the years between 2017 and 2023 specifically for Kamaraj Nagar 8th Cross Street.

Guideline values in Perungudi

In Perungudi village, there are 249 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median value is Rs 3,300 per sq.ft, which is equal to the current guideline value of Kamaraj Nagar 8th Cross Street.

• Kamaraj Nagar 9th Cross Street: Rs 3,300 per sq.ft (2024)
• Kamaraj Nagar 7th Cross Street: Rs 3,300 per sq.ft (2024)
• Kamaraj Nagar 6th Cross Street: Rs 3,300 per sq.ft (2024)
• Kamaraj Nagar 5th Street: Rs 3,300 per sq.ft (2024)
• Kamaraj Nagar 5th Cross Street: Rs 3,300 per sq.ft (2024)
• Kamaraj Nagar 4th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kamaraj Nagar 8th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. It is important to note that the 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 more details.

Which Sub Registrar Office covers Kamaraj Nagar 8th Cross Street?

The Kamaraj Nagar 8th Cross Street falls under the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Perungudi. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction process. Buyers and sellers should be aware of the current guideline value to ensure compliance with legal requirements.

When a property is sold, the guideline value is used to calculate the applicable duties and fees, which can impact the overall cost of the transaction. It is essential for both parties to understand how the guideline value affects their financial obligations during the buying or selling process.

Frequently asked questions

What is the current guideline value for Kamaraj Nagar 8th Cross Street?

The current guideline value for Kamaraj Nagar 8th Cross Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 173 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of +1808% over the years.

What is the median guideline value in Perungudi?

The median guideline value in Perungudi village is Rs 3,300 per sq.ft, which is equal to the current guideline value for Kamaraj Nagar 8th Cross Street.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions is charged at 7% on the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is also applicable.

Where can I find the Sub Registrar Office for Kamaraj Nagar 8th Cross Street?

The Sub Registrar Office covering Kamaraj Nagar 8th Cross Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.