Guideline Value for KAMARAJ NAGAR 9TH CROSS STREET

Kamaraj Nagar 9th Cross Street guideline value

The current guideline value of Kamaraj Nagar 9th Cross Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Perungudi village and falls under the Neelankarai SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Kamaraj Nagar 9th Cross Street has changed

The guideline value for Kamaraj Nagar 9th Cross Street has experienced several revisions over the years. The earliest recorded figure is from 2002, where the guideline value was Rs 173 per sq.ft. This increased to Rs 250 per sq.ft in 2003, marking a 45% rise. In 2007, the value saw a significant jump to Rs 600 per sq.ft, which is an increase of 140%. The value then rose to Rs 3,000 per sq.ft in 2012, reflecting a remarkable 400% growth. However, from 2012 to 2017, it decreased to Rs 2,010 per sq.ft, a decline of 33%. The value then increased again to Rs 3,000 per sq.ft in 2023, and the latest revision in 2024 has brought it to Rs 3,300 per sq.ft, a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1,808%. There are no figures available for the years not listed in the register for this 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 guideline value for these streets is Rs 3,300 per sq.ft, which is equal to the current value of Kamaraj Nagar 9th Cross Street.

• Kamaraj Nagar 8th 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 Main Road: Rs 3,300 per sq.ft (2024)
• Kamaraj Nagar 5th Cross Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kamaraj Nagar 9th 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, while the registration fee at 2% would be Rs 66,000. Together, the total cost for these fees would be Rs 2,97,000. 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 details.

Which Sub Registrar Office covers Kamaraj Nagar 9th Cross Street?

The Sub Registrar Office that covers Kamaraj Nagar 9th 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. 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 in the registration process when buying or selling property in Perungudi. It serves as a benchmark for determining the minimum value at which property transactions can be registered. This ensures that the government receives appropriate revenue from property transactions.

When you register a property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value of Kamaraj Nagar 9th Cross Street?

The current guideline value of Kamaraj Nagar 9th 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 significantly from Rs 173 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 1,808% over the years.

What are the stamp duty and registration fees for property in Kamaraj Nagar 9th Cross Street?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 2,97,000.

Which office handles registrations for Kamaraj Nagar 9th Cross Street?

The Neelankarai Sub Registrar Office handles registrations for Kamaraj Nagar 9th Cross Street, located at 2/71, Gajura Garden, East Coast Road, Neelangarai, Chennai.

What is the land classification for Kamaraj Nagar 9th Cross Street?

The land classification for Kamaraj Nagar 9th Cross Street is Residential Class II Type - II, which indicates its designation for residential purposes.