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Guideline Value

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Guideline Value for KAMARAJ NAGAR 9TH WEST STREET

₹9900/sq.ft.

The guideline value for Kamaraj Nagar 9th West Street in Thiruvanmiyur village (Chennai South Joint I SRO, Chennai zone) is Rs 9900 per sq.ft, effective 1 July 2024. It was Rs 9000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thiruvanmiyur

Village

Chennai South Joint I

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹9900 /sq.ft.
From 1-4-2023 ₹9000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹6030 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹9000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1800 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹991 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹896 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 9th West Street

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Kamaraj Nagar 9th West Street guideline value

The current guideline value of Kamaraj Nagar 9th 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 9th West Street has changed

The guideline value for Kamaraj Nagar 9th West Street has seen several revisions over the years. The earliest recorded figure is from 2002, with a value of Rs 896 per sq.ft. This increased to Rs 991 per sq.ft in 2003, marking an 11% rise. The value then rose significantly to Rs 1,800 per sq.ft in 2007, reflecting an 82% increase. In 2012, the value was Rs 9,000 per sq.ft, which was a substantial 400% increase from the previous revision.

From 2012 to 2017, the guideline value decreased to Rs 6,030 per sq.ft, showing a decline of 33%. However, the value rebounded to Rs 9,000 per sq.ft in 2023, and currently stands at Rs 9,900 per sq.ft after a 10% increase in the 2024 revision. Overall, from 2002 to 2024, the guideline value has increased by 1005%.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO with a 2024 guideline value ranging from Rs 3,520 to Rs 12,660 per sq.ft. The median value is Rs 9,900 per sq.ft, which is equal to the current guideline value for Kamaraj Nagar 9th West Street.

Stamp duty and registration fee for property in Kamaraj Nagar 9th West Street

For a 1,000 sq.ft plot at the current rate of Rs 9,900 per sq.ft, the guideline value amounts to Rs 99,00,000. The stamp duty at 7% would be Rs 6,93,000, and the registration fee at 2% would be Rs 1,98,000, totaling Rs 8,91,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

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

The Sub Registrar Office that covers Kamaraj Nagar 9th West Street is 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 a critical factor in the registration process when buying or selling property in Thiruvanmiyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is registered, the guideline value is compared to 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 based on the value of the transaction.

Frequently asked questions

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

The current guideline value of Kamaraj Nagar 9th 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 from Rs 896 per sq.ft in 2002 to Rs 9,900 per sq.ft in 2024, reflecting an overall increase of 1005% over the years.

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

Kamaraj Nagar 9th West Street is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for Kamaraj Nagar 9th West Street?

The Sub Registrar Office for Kamaraj Nagar 9th West Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is stamp duty calculated for properties in Kamaraj Nagar 9th West Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 99,00,000, the stamp duty would be Rs 6,93,000 at 7%.