Guideline Value for KAMARAJ NAGAR 8TH EAST STREET

Kamaraj Nagar 8th East Street guideline value

The current guideline value of Kamaraj Nagar 8th 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 8th East Street has changed

The guideline value for Kamaraj Nagar 8th East Street has seen several revisions over the years. The earliest recorded figure in the register is from 2002, with a value of Rs 962 per sq.ft. This increased to Rs 1,064 per sq.ft in 2003, marking an increase of 11%. The value continued to rise significantly, reaching Rs 1,800 per sq.ft in 2007, which was a 69% increase from the previous year. In 2012, the value was recorded again at Rs 9,000 per sq.ft, reflecting a substantial increase of 400% from 2007. However, it then decreased by 33% to Rs 6,030 per sq.ft in 2017.

From 2017 to 2023, the guideline value rose sharply by 49% to Rs 9,000 per sq.ft. The most recent revision in 2024 saw the value increase to Rs 9,900 per sq.ft, a 10% rise from the 2023 figure. Overall, from 2002 to 2024, the guideline value has increased by 929%. There are no figures available for any revisions other than those listed.

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, with the median value being Rs 9,900 per sq.ft. Kamaraj Nagar 8th East Street's 2024 figure is equal to this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 9,900 per sq.ft, the total guideline value would be Rs 99,00,000. The stamp duty at 7% would amount to Rs 6,93,000, while the registration fee at 2% would be Rs 1,98,000. Therefore, the total cost for stamp duty and registration fee would be 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.

For more details, you can use the stamp duty and registration fee calculator.

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

The Kamaraj Nagar 8th 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 an important factor when registering a property in Thiruvanmiyur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction. Buyers and sellers should be aware of the current guideline value to ensure they are compliant with the registration requirements.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Kamaraj Nagar 8th East Street?

The current guideline value of Kamaraj Nagar 8th 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 significantly over the years, increasing from Rs 962 per sq.ft in 2002 to Rs 9,900 per sq.ft in 2024, which is an overall increase of 929%.

What are the other streets in Thiruvanmiyur with the same guideline value?

Other streets in Thiruvanmiyur that share the same guideline value of Rs 9,900 per sq.ft in 2024 include Kamaraj Nagar 7th West Street, Kamaraj Nagar 8th West Street, Kamaraj Nagar 9th East Street, Kamaraj Nagar 7th East Street, Kamaraj Nagar 6th West Street, and Kamaraj Nagar 9th West Street.

How is stamp duty calculated for properties in Kamaraj Nagar 8th East Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft property at the current guideline value, the stamp duty would be Rs 6,93,000 at a rate of 7%.

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

The Sub Registrar Office covering Kamaraj Nagar 8th East Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.