Guideline Value for KAMARAJ NAGAR EAST AVENUE

Kamaraj Nagar East Avenue guideline value

The current guideline value of Kamaraj Nagar East Avenue is Rs 9,900 per sq.ft. 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 East Avenue has changed

The guideline value for Kamaraj Nagar East Avenue has seen significant changes over the years. In 2002, the value was Rs 1,116 per sq.ft, which increased to Rs 1,235 per sq.ft in 2003, marking an 11% rise. The value continued to climb, reaching Rs 1,800 per sq.ft in 2007, a substantial increase of 46%. By 2012, the value rose dramatically to Rs 9,000 per sq.ft, a 400% increase. However, it then decreased to Rs 6,030 per sq.ft in 2017, reflecting a decline of 33%.

From 2017 to 2023, the guideline value increased significantly to Rs 9,000 per sq.ft, which is a 49% rise. The most recent revision in 2024 set the value at Rs 9,900 per sq.ft, marking a 10% increase from the previous year. The overall change from 2002 to 2024 is an impressive 787% increase.

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. The median value among these streets is Rs 9,900 per sq.ft, which is equal to the guideline value of Kamaraj Nagar East Avenue.

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

Stamp duty and registration fee for property in Kamaraj Nagar East Avenue

For a property of 1,000 sq.ft 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 at 7% would be Rs 6,93,000, and the registration fee at 2% would be Rs 1,98,000, resulting in a total of 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 information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamaraj Nagar East Avenue?

The Sub Registrar Office that covers Kamaraj Nagar East Avenue 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 details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thiruvanmiyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When a buyer or seller engages in a transaction, the guideline value is assessed to calculate the applicable duties. This ensures transparency and fairness in property dealings, as the guideline value reflects the official valuation set by the authorities.

Frequently asked questions

What is the current guideline value of Kamaraj Nagar East Avenue?

The current guideline value of Kamaraj Nagar East Avenue 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 1,116 per sq.ft in 2002 to Rs 9,900 per sq.ft in 2024, reflecting an overall increase of 787%.

Which SRO covers Kamaraj Nagar East Avenue?

Kamaraj Nagar East Avenue is covered by 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.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 99,00,000, the total fees would amount to Rs 8,91,000.

Where can I find more information about stamp duty and registration fees?

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