Guideline Value for KAMARAJ NAGAR ROAD

Kamaraj Nagar Road guideline value

The current guideline value of Kamaraj Nagar Road in Paruthipattu village, under the Avadi SRO, is Rs 1,625 per sq.ft, effective from 1 July 2024. This land is classified as Residential Special Type - I.

How the guideline value of Kamaraj Nagar Road has changed

The guideline value for Kamaraj Nagar Road has seen significant changes over the years. In 2002, the value was Rs 147 per sq.ft, which increased to Rs 169 per sq.ft in 2003, marking a 15% rise. The value then jumped to Rs 350 per sq.ft in 2007, reflecting a 107% increase. Following this, the value surged to Rs 1,200 per sq.ft in 2012, a remarkable increase of 243%. However, from 2012 to 2017, the value decreased by 33% to Rs 804 per sq.ft. The subsequent revision in 2023 saw a substantial increase to Rs 1,500 per sq.ft, an 87% rise, leading to the current guideline value of Rs 1,625 per sq.ft in 2024, an 8% increase from the previous year.

There are no figures available for the revisions prior to 2002 or any years without a figure for this street. Overall, from 2002 to 2024, the guideline value has increased by 1005%.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO, with 2024 guideline values ranging from Rs 801 to Rs 4,730 per sq.ft. The median value is Rs 1,625 per sq.ft, which is equal to the current value of Kamaraj Nagar Road. Below are other streets in Paruthipattu:

• Kamaraj Nagar Road, Govarthanagiri: Rs 1,625 per sq.ft (2024)
• Kamaraj Nagar Main Road & Cross Streets: Rs 1,625 per sq.ft (2024)
• Kamaraj Nagar Main Road (Commercial): Rs 1,650 per sq.ft (2024)
• Kamaraj Nagar Main Road: Rs 1,625 per sq.ft (2024)
• Kamaraj Nagar Main Cross St: Rs 1,625 per sq.ft (2024)
• Kamaraj Nagar Main Cross Lane: Rs 1,625 per sq.ft (2024)

Stamp duty and registration fee for property in Kamaraj Nagar Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,625 per sq.ft, the total guideline value would be Rs 16,25,000. The stamp duty at 7% would be Rs 1,13,750, and the registration fee at 2% would be Rs 32,500, making the total cost for stamp duty and registration fees Rs 1,46,250. 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 Road?

The Sub Registrar Office that covers Kamaraj Nagar Road is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Paruthipattu, as it determines the minimum value on which stamp duty and registration fees are calculated. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements during the transaction.

When registering a property, the guideline value serves as a reference point, ensuring that the transaction is documented accurately according to the prevailing rates set by the Registration Department. This helps maintain transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Kamaraj Nagar Road?

The current guideline value of Kamaraj Nagar Road is Rs 1,625 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 147 per sq.ft in 2002 to Rs 1,625 per sq.ft in 2024, reflecting an overall increase of 1005% over the years.

What are the stamp duty rates for properties in Kamaraj Nagar Road?

The stamp duty for properties in Kamaraj Nagar Road is charged at 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Kamaraj Nagar Road located?

The Avadi Sub Registrar Office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What is the land classification of Kamaraj Nagar Road?

Kamaraj Nagar Road is classified as Residential Special Type - I, which indicates its intended use for residential purposes.