Guideline Value for KAMARAJ NAGAR SOUTH AVENUE 12TH EAST STREET

Kamaraj Nagar South Avenue 12th East Street guideline value

The current guideline value of Kamaraj Nagar South Avenue 12th East Street 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 South Avenue 12th East Street has changed

The guideline value for Kamaraj Nagar South Avenue 12th East Street has seen several revisions over the years. In 2002, the guideline value was Rs 900 per sq.ft. This increased to Rs 996 per sq.ft in 2003, marking an 11% rise. The value then rose to Rs 1,300 per sq.ft in 2007, reflecting a 31% increase. By 2012, the guideline value was Rs 9,000 per sq.ft, an increase of 592% from the previous revision. However, it decreased to Rs 6,030 per sq.ft in 2017, showing a decline of 33% from 2012. The value then rose again to Rs 9,000 per sq.ft in 2023, and finally reached Rs 9,900 per sq.ft in 2024, reflecting a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 1000%. There are no figures available for the years not listed in the register for this street.

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 is Rs 9,900 per sq.ft, which is equal to the guideline value of Kamaraj Nagar South Avenue 12th East Street.

• Kamaraj Nagar South Avenue 10th East Street: Rs 9,900 per sq.ft (2024)
• Kamaraj Nagar South Avenue: Rs 12,660 per sq.ft (2024)
• Kamaraj Nagar Scheme: Rs 7,150 per sq.ft (2024)
• Kamaraj Nagar West Avenue: Rs 9,900 per sq.ft (2024)
• Kamaraj Nagar North Avenue: Rs 9,900 per sq.ft (2024)
• Kamaraj Road / Salai: Rs 11,000 per sq.ft (2024)

Stamp duty and registration fee for property in Kamaraj Nagar South Avenue 12th East Street

For a 1,000 sq.ft plot at the current guideline value of Rs 9,900 per sq.ft, the total guideline value would be Rs 99,00,000. The stamp duty at 7% would amount to Rs 6,93,000, and the registration fee at 2% would be Rs 1,98,000, making the total charges 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 calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamaraj Nagar South Avenue 12th East Street?

The Kamaraj Nagar South Avenue 12th East Street 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 critical factor in the registration process when buying or selling property in Thiruvanmiyur. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When a property is sold, the sale price and the guideline value are compared, and the higher amount is used to calculate the necessary fees. This ensures that the registration process reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Kamaraj Nagar South Avenue 12th East Street?

The current guideline value of Kamaraj Nagar South Avenue 12th East Street is Rs 9,900 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2002 to Rs 9,900 per sq.ft in 2024, showing an overall increase of 1000% over the years.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft property, the total charges would be Rs 8,91,000.

Which office handles the registration for Kamaraj Nagar South Avenue 12th East Street?

The Chennai South Joint I Sub Registrar Office handles the registration for Kamaraj Nagar South Avenue 12th East Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

What is the land classification for Kamaraj Nagar South Avenue 12th East Street?

The land classification for Kamaraj Nagar South Avenue 12th East Street is Residential Class I Type - I.