Guideline Value

Corporate

Guideline Value for KAMARAJ NAGAR 8TH ST

₹1980/sq.ft.

The guideline value for Kamaraj Nagar 8th St in Paleripattu village (Avadi SRO, Chennai zone) is Rs 1980 per sq.ft, effective 1 July 2024. It was Rs 1800 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Paleripattu

Village

Avadi

SRO

Commercial Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹1980 /sq.ft.
From 1-4-2023 ₹1800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹804 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1200 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District
044-26558484
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Kamaraj Nagar 8th St

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Kamaraj Nagar 8th St guideline value

The current guideline value of Kamaraj Nagar 8th St is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Paleripattu village, under the Avadi SRO, and is classified as Commercial Special Type - I.

How the guideline value of Kamaraj Nagar 8th St has changed

The guideline value for Kamaraj Nagar 8th St has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,980 per sq.ft, an increase of 10% from the 2023 figure of Rs 1,800 per sq.ft. Prior to that, the value was Rs 804 per sq.ft in 2017, which marked a significant increase of 124% from the previous revision in 2012, where the value was Rs 1,200 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Overall, from 2012 to 2024, the guideline value has increased by 65%. The changes reflect the fluctuating market conditions and the evolving landscape of Paleripattu village.

Guideline values in Paleripattu

Paleripattu village has a total of 111 streets under the Avadi SRO, with guideline values ranging from Rs 801 to Rs 4,200 per sq.ft. The median guideline value for these streets is Rs 990 per sq.ft, making Kamaraj Nagar 8th St's current value above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total cost for these fees to Rs 1,78,200. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamaraj Nagar 8th St?

The Kamaraj Nagar 8th St falls under 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 Paleripattu

The guideline value serves as a benchmark for property transactions in Paleripattu. When buying or selling property, this value is used to determine the applicable stamp duty and registration fees, which are critical components of the transaction process.

It is essential for buyers and sellers to be aware of the guideline value, as it influences the overall cost of property transfer and ensures compliance with local regulations during registration.

Frequently asked questions

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

The current guideline value of Kamaraj Nagar 8th St is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, with the most recent revision in 2024 showing an increase of 10% from Rs 1,800 per sq.ft in 2023. The value has increased by 65% overall from Rs 1,200 per sq.ft in 2012 to Rs 1,980 per sq.ft in 2024.

What is the land classification of Kamaraj Nagar 8th St?

Kamaraj Nagar 8th St is classified as Commercial Special Type - I, indicating its suitability for commercial activities within the area.

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

The Sub Registrar Office covering Kamaraj Nagar 8th St is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It ensures that the transaction adheres to local regulations and provides a clear framework for the financial aspects of buying or selling property.