Guideline Value for KAMARAJ NAGAR

Kamaraj Nagar guideline value

The current guideline value of Kamaraj Nagar, located in Ammanambakkam village under the Chengleput Joint II SRO, is Rs 850 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Special Type - I.

How the guideline value of Kamaraj Nagar has changed

Over the years, the guideline value of Kamaraj Nagar has seen several revisions. The 2024 revision sets the value at Rs 850 per sq.ft, which is the same as the 2023 revision. Prior to that, in 2017, the guideline value was Rs 569 per sq.ft, marking a 49% increase from 2017 to 2023. The 2012 revision also had a value of Rs 850 per sq.ft, indicating a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, there has been no change in the guideline value.

The register has no figures for the revisions of 2002, 2003, and 2007 for Kamaraj Nagar. This lack of data means we cannot assess any changes during those years.

Guideline values in Ammanambakkam

In Ammanambakkam, there are 16 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 900 per sq.ft, with a median value of Rs 500 per sq.ft. Kamaraj Nagar's current guideline value of Rs 850 per sq.ft is above this median.

• Jayam Nagar: Rs 501 per sq.ft (2024)
• Ilango Nagar: Rs 500 per sq.ft (2024)
• Lake City: Rs 500 per sq.ft (2024)
• Gopalasamy Nagar: Rs 500 per sq.ft (2024)
• Ganesh Nagar: Rs 500 per sq.ft (2024)
• Rajavarthini Nagar: Rs 500 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 850 per sq.ft, the total guideline value amounts to Rs 8,50,000. The stamp duty at 7% would be Rs 59,500, and the registration fee at 2% would be Rs 17,000, making the total fees together Rs 76,500. 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?

The Kamaraj Nagar area is covered by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ammanambakkam. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the established guideline value or the sale price, whichever is higher.

When engaging in property transactions, it is essential to be aware of the guideline value, as it affects the overall cost of purchasing or selling a property. This ensures that both buyers and sellers are informed about the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Kamaraj Nagar?

The current guideline value of Kamaraj Nagar is Rs 850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 850 per sq.ft in 2023 and 2012, while it increased from Rs 569 per sq.ft in 2017. There has been no change from 2012 to 2024.

What is the land classification for Kamaraj Nagar?

The land classification for Kamaraj Nagar is Mixed Special Type - I.

What are the stamp duty and registration fees for Kamaraj Nagar?

For a property valued at Rs 8,50,000, the stamp duty would be Rs 59,500 and the registration fee would be Rs 17,000, totaling Rs 76,500.

Where is the Sub Registrar Office for Kamaraj Nagar located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.