Guideline Value for KAMARAJ NAGAR

Kamaraj Nagar guideline value

The current guideline value of Kamaraj Nagar, located in Vichoor village, is Rs 440 per sq.ft as per the 2024 revision, effective from 1 July 2024. This area falls under the Thiruvottiyur SRO and is classified as Residential Class I Type - II.

How the guideline value of Kamaraj Nagar has changed

The guideline value for Kamaraj Nagar has seen several revisions over the years. In 2007, the guideline value was Rs 100 per sq.ft, which increased significantly to Rs 400 per sq.ft in 2012, marking a 300% increase. However, this value decreased to Rs 268 per sq.ft in 2017, a drop of 33%. The value then rose to Rs 400 per sq.ft in 2023, and subsequently increased to Rs 440 per sq.ft in 2024, reflecting a 10% rise.

Overall, from 2007 to 2024, the guideline value has increased by 340%. The revisions for the years 2002 and 2003 do not have any figures available for Kamaraj Nagar in the register.

Guideline values in Vichoor

In Vichoor village, there are 45 streets under the Thiruvottiyur SRO that have a 2024 guideline value ranging from Rs 330 to Rs 550 per sq.ft. The median guideline value in this area is Rs 485 per sq.ft, placing Kamaraj Nagar's 2024 figure below that median.

• Jovan Nagar: Rs 485 per sq.ft (2024)
• Jayalakshmi Nagar: Rs 485 per sq.ft (2024)
• Jagan Nagar Ext: Rs 485 per sq.ft (2024)
• Jagan Nagar: Rs 485 per sq.ft (2024)
• Kolaviziamman Nagar: Rs 330 per sq.ft (2024)
• I.J Puram: Rs 485 per sq.ft (2024)

Stamp duty and registration fee for property in Kamaraj Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, making the total charges Rs 39,600. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kamaraj Nagar?

Kamaraj Nagar falls under the jurisdiction of the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Vichoor, as it determines the minimum price at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with local regulations.

During the registration process, the stamp duty and registration fees are calculated based on the guideline value. This ensures that the government receives the appropriate revenue from property transactions, reflecting the official value of the property being transferred.

Frequently asked questions

What is the current guideline value of Kamaraj Nagar?

The current guideline value of Kamaraj Nagar is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2007 to Rs 440 per sq.ft in 2024, showing an overall increase of 340% over the years.

What is the registration office for Kamaraj Nagar?

Kamaraj Nagar is covered by the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is stamp duty calculated in Kamaraj Nagar?

Stamp duty in Kamaraj Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher, along with a registration fee of 2% on the guideline value.

What are the guideline values of other streets in Vichoor?

Other streets in Vichoor have guideline values ranging from Rs 330 to Rs 550 per sq.ft, with several streets like Jovan Nagar and Jayalakshmi Nagar having a guideline value of Rs 485 per sq.ft.