Guideline Value for KAMARAJ NAGAR 8TH WEST STREET

Kamaraj Nagar 8th West Street guideline value

The current guideline value for Kamaraj Nagar 8th 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 8th West Street has changed

The guideline value for Kamaraj Nagar 8th West Street has seen several revisions over the years. In 2002, the guideline value was Rs 1,274 per sq.ft, which increased to Rs 1,410 per sq.ft in 2003. The value then decreased slightly to Rs 1,300 per sq.ft in 2007. A significant increase followed, with the value rising to Rs 9,000 per sq.ft in 2012. However, it dropped to Rs 6,030 per sq.ft in 2017. The value then increased to Rs 9,000 per sq.ft in 2023, before reaching the current rate of Rs 9,900 per sq.ft in 2024.

In terms of percentage changes, the guideline value increased by 10% from 2023 to 2024. From 2017 to 2023, it saw a notable increase of 49%. The value dropped by 33% from 2012 to 2017, while it experienced a dramatic rise of 592% from 2007 to 2012. Between 2003 and 2007, the value decreased by 8%, and there was an 11% increase from 2002 to 2003. Overall, from 2002 to 2024, the guideline value has increased by 677%.

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 being Rs 9,900 per sq.ft. Kamaraj Nagar 8th West Street's guideline value aligns with this median.

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

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

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

You can use our stamp duty and registration fee calculator for more information.

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

The Sub Registrar Office that covers Kamaraj Nagar 8th West Street is the Chennai South Joint I Sub Registrar Office. The address is Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more details.

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

The guideline value is a crucial factor in the property registration process in Thiruvanmiyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property transactions.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these costs are based on the higher of the guideline value or the sale price, which is important for financial planning during property transactions.

Frequently asked questions

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

The current guideline value for Kamaraj Nagar 8th 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 1,274 per sq.ft in 2002 to Rs 9,900 per sq.ft in 2024, reflecting an overall increase of 677% over this period.

What is the land classification for Kamaraj Nagar 8th West Street?

Kamaraj Nagar 8th West Street is classified as Residential Class I Type - I, indicating its suitability for residential development.

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

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 99,00,000, the total stamp duty and registration fees would amount to Rs 8,91,000.