Guideline Value for KAMARAJ NAGAR

Kamaraj Nagar guideline value

The current guideline value of Kamaraj Nagar in Matthur village, under the Thiruvottiyur SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - III.

How the guideline value of Kamaraj Nagar has changed

Over the years, the guideline value of Kamaraj Nagar has seen significant changes. The 2007 revision set the value at Rs 100 per sq.ft, which increased dramatically to Rs 1,000 per sq.ft in 2012, marking a rise of 900%. However, from 2012 to 2017, the value decreased by 33% to Rs 670 per sq.ft. The 2017 revision saw a considerable increase of 49%, bringing the value to Rs 1,000 per sq.ft in 2023, and the latest revision in 2024 set it at Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 1000%.

Guideline values in Matthur

In Matthur village, there are 66 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 3,300 per sq.ft, with a median value of Rs 1,100 per sq.ft. Kamaraj Nagar's 2024 figure aligns with this median.

• Kamaraj Salai: Rs 1,650 per sq.ft (2024)
• Kanagambal Nagar: Rs 1,100 per sq.ft (2024)
• Kanagambal Nagar Extn: Rs 1,100 per sq.ft (2024)
• Kaliyuga Kannman Nagar: Rs 1,100 per sq.ft (2024)
• Kannappan Nagar: Rs 1,100 per sq.ft (2024)
• Karumari Amman Kovil Streets/ Nagars: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Kamaraj Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kamaraj Nagar?

The Kamaraj Nagar area falls under the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in property transactions in Matthur. It is used to determine the stamp duty and registration fees when buying or selling property. The guideline value is set by the government and reflects the minimum value at which property can be registered.

When a property is sold, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Kamaraj Nagar?

The current guideline value of Kamaraj Nagar is Rs 1,100 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 100 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, marking an overall increase of 1000%.

What is the land classification of Kamaraj Nagar?

Kamaraj Nagar is classified as Residential Special Type - III.

What are the other streets in Matthur with their guideline values?

Other streets in Matthur include Kamaraj Salai at Rs 1,650 per sq.ft, and several streets like Kanagambal Nagar, Kaliyuga Kannman Nagar, and others at Rs 1,100 per sq.ft.

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

The Thiruvottiyur Sub Registrar Office covers Kamaraj Nagar, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.