Guideline Value for KAMARAJ NAGAR EXTENSION

Kamaraj Nagar Extension guideline value

The current guideline value of Kamaraj Nagar Extension in Puliyur village is Rs 5,300 per sq.ft, effective from 1 July 2024. This area falls under the Kodambakkam SRO and is classified as Residential Class II Type - I.

How the guideline value of Kamaraj Nagar Extension has changed

The guideline value for Kamaraj Nagar Extension has seen several revisions over the years. The 2007 revision set the value at Rs 1,200 per sq.ft, which increased significantly to Rs 4,900 per sq.ft in the 2012 revision. However, this was followed by a decrease to Rs 3,283 per sq.ft in 2017. In the 2023 revision, the value rose to Rs 4,900 per sq.ft, and the most recent 2024 revision has set it at Rs 5,300 per sq.ft, marking an 8% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 342%. Notably, there are no figures available for Kamaraj Nagar Extension in the 2002 and 2003 revisions.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 14,300 per sq.ft, with a median value of Rs 5,800 per sq.ft. The guideline value for Kamaraj Nagar Extension is below this median.

• Kamaraj Nagar 4th Street: Rs 5,300 per sq.ft (2024)
• Kamaraj Street: Rs 3,800 per sq.ft (2024)
• Kamaraj Nagar 3rd Street: Rs 5,300 per sq.ft (2024)
• Kamaraj Nagar 2nd Street: Rs 5,300 per sq.ft (2024)
• Kamaraj Nagar 1st Street: Rs 5,300 per sq.ft (2024)
• Kamatchiamman Colony 1st Street: Rs 5,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kamaraj Nagar Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 5,300 per sq.ft, the total guideline value amounts to Rs 53,00,000. The stamp duty at 7% would be Rs 3,71,000, and the registration fee at 2% would be Rs 1,06,000, bringing the total fees to Rs 4,77,000. 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 Extension?

Kamaraj Nagar Extension is covered by the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. For more information, you can find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Puliyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that these charges are based on a standardized value rather than the negotiated sale price.

When buying or selling property, it is essential to be aware of the guideline value, as it impacts the overall costs associated with the transaction. Buyers should ensure that the sale price is not lower than the guideline value to avoid potential issues during registration.

Frequently asked questions

What is the current guideline value of Kamaraj Nagar Extension?

The current guideline value of Kamaraj Nagar Extension is Rs 5,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,200 per sq.ft in 2007 to Rs 5,300 per sq.ft in 2024, showing an overall increase of 342% over the years.

What are the stamp duty and registration fees for a property in Kamaraj Nagar Extension?

For a property valued at Rs 53,00,000, the stamp duty would be Rs 3,71,000 and the registration fee would be Rs 1,06,000, totaling Rs 4,77,000.

Which office handles property registration for Kamaraj Nagar Extension?

The Kodambakkam Sub Registrar Office handles property registration for Kamaraj Nagar Extension, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

What is the land classification for Kamaraj Nagar Extension?

Kamaraj Nagar Extension is classified as Residential Class II Type - I, indicating its suitability for residential development.