Guideline Value for KAMARAJ NAGAR NORTH AVENUE

Kamaraj Nagar North Avenue guideline value

The current guideline value of Kamaraj Nagar North Avenue 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 North Avenue has changed

The guideline value for Kamaraj Nagar North Avenue has seen several revisions over the years. In 2002, the guideline value was Rs 1,118 per sq.ft, which increased to Rs 1,237 per sq.ft in 2003, marking an increase of 11%. The value then rose significantly to Rs 1,800 per sq.ft in 2007, reflecting a 46% increase. Following this, the value surged to Rs 9,000 per sq.ft in 2012, a remarkable increase of 400%. However, it dropped to Rs 6,030 per sq.ft in 2017, a decrease of 33%. The guideline value then increased to Rs 9,000 per sq.ft in 2023, and finally to Rs 9,900 per sq.ft in 2024, representing a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 786%. There are no figures available for the years not mentioned in the register for this street.

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 guideline value for these streets is Rs 9,900 per sq.ft, which is equal to the current value of Kamaraj Nagar North Avenue.

• Kamaraj Nagar Scheme: Rs 7,150 per sq.ft (2024)
• Kamaraj Nagar South Avenue: Rs 12,660 per sq.ft (2024)
• Kamaraj Nagar South Avenue 10th East Street: Rs 9,900 per sq.ft (2024)
• Kamaraj Nagar South Avenue 12th East Street: Rs 9,900 per sq.ft (2024)
• Kamaraj Nagar West Avenue: Rs 9,900 per sq.ft (2024)
• Kamaraj Nagar Ist West Street: Rs 9,900 per sq.ft (2024)

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

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 at 7% would be Rs 6,93,000, and the registration fee at 2% would be Rs 1,98,000, bringing the total to 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kamaraj Nagar North Avenue?

The Kamaraj Nagar North 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. 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 crucial 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 during the transaction.

When a property is registered, the guideline value is compared to the sale price. The stamp duty is charged on the higher of the two amounts, ensuring that the appropriate fees are collected based on the property's value.

Frequently asked questions

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

The current guideline value of Kamaraj Nagar North Avenue is Rs 9,900 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2002, the guideline value has increased significantly from Rs 1,118 per sq.ft to Rs 9,900 per sq.ft in 2024, reflecting an overall increase of 786%.

What is the stamp duty rate for property in Kamaraj Nagar North Avenue?

The stamp duty rate for property in Kamaraj Nagar North Avenue is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Kamaraj Nagar North Avenue?

The Sub Registrar Office covering Kamaraj Nagar North Avenue is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

What are the guideline values of other streets in Thiruvanmiyur?

Other streets in Thiruvanmiyur have varying guideline values. For example, Kamaraj Nagar Scheme is Rs 7,150 per sq.ft, while Kamaraj Nagar South Avenue is Rs 12,660 per sq.ft in 2024.