Guideline Value for KAMARAJ NAGAR

Kamaraj Nagar guideline value

The current guideline value of Kamaraj Nagar is Rs 500 per sq.ft, effective from 1 July 2024. This area is located in Athur B Block village and falls under the Chengleput Joint II SRO. The land classification for this street is Residential Special Type - II.

How the guideline value of Kamaraj Nagar has changed

The guideline value for Kamaraj Nagar has undergone several revisions over the years. The 2017 revision set the guideline value at Rs 335 per sq.ft. In the subsequent 2023 revision, the value remained unchanged at Rs 500 per sq.ft. The latest revision in 2024 also maintains the guideline value at Rs 500 per sq.ft, resulting in a 49% increase from the 2017 figure.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. The 2023 to 2024 revision shows no change, with a 0% increase. Overall, from 2017 to 2024, the guideline value has increased by 49%.

Guideline values in Athur B Block

Athur B Block has a total of 79 streets under the Chengleput Joint II SRO, with 2024 guideline values ranging from Rs 268 to Rs 1,525 per sq.ft. The median guideline value in this area is Rs 700 per sq.ft, making the Kamaraj Nagar guideline value below this median.

• Kanchipuram High Road: Rs 1,100 per sq.ft (2024)
• Krishna Garden: Rs 700 per sq.ft (2024)
• Krishna Nagar Extn - I: Rs 700 per sq.ft (2024)
• Iniyan Nagar: Rs 1,000 per sq.ft (2024)
• Kuberan Nagar: Rs 500 per sq.ft (2024)
• Hill View Enclave: Rs 800 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 500 per sq.ft, the total guideline value is Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, making the total fees Rs 45,000. 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 Athur B Block

The guideline value is a crucial factor when buying or selling property in Athur B Block. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations during the registration process.

When a property is registered, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both parties are aware of the financial obligations associated with the transaction, making it essential to consider the guideline value when negotiating property prices.

Frequently asked questions

What is the current guideline value of Kamaraj Nagar?

The current guideline value of Kamaraj Nagar is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 335 per sq.ft in 2017 to Rs 500 per sq.ft in both 2023 and 2024, representing a 49% increase overall since 2017.

What are the guideline values of other streets in Athur B Block?

In Athur B Block, guideline values range from Rs 268 to Rs 1,525 per sq.ft, with the median being Rs 700 per sq.ft. Kamaraj Nagar's guideline value is below the median.

How is stamp duty calculated for properties in Kamaraj Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a total fee of Rs 45,000.

Which office handles property registration for Kamaraj Nagar?

The Chengleput Joint II Sub Registrar Office handles property registration for Kamaraj Nagar. It is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.