Guideline Value for KAMARAJ STREET (KABILAR NAGAR)

Kamaraj Street (Kabilar Nagar) guideline value

The current guideline value of Kamaraj Street (Kabilar Nagar) is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Vengathur village and falls under the Manavalanagar SRO. The land classification for this area is Commercial Class I Type - III.

How the guideline value of Kamaraj Street (Kabilar Nagar) has changed

Over the years, the guideline value for Kamaraj Street has seen several revisions. The 2007 revision set the value at Rs 150 per sq.ft, which increased significantly to Rs 1,300 per sq.ft in the 2012 revision. However, this value dropped to Rs 871 per sq.ft in 2017. The 2023 revision maintained the value at Rs 1,300 per sq.ft, and the same value continues into the 2024 revision, indicating no change from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has risen by 767%. The changes between revisions show a 49% increase from 2017 to 2023, while there was a notable decrease of 33% from 2012 to 2017. The substantial increase of 767% from 2007 to 2012 reflects the significant growth in the guideline value during that period.

Guideline values in Vengathur

In Vengathur, there are 186 streets under the Manavalanagar SRO, with guideline values ranging from Rs 500 to Rs 2,000 per sq.ft. The median guideline value for these streets is Rs 1,000 per sq.ft, placing Kamaraj Street's 2024 figure above this median.

• Kamaraj Street: Rs 1,300 per sq.ft (2024)
• K.A.Mathiazhagan Street: Rs 800 per sq.ft (2024)
• Kamban Street: Rs 600 per sq.ft (2024)
• Kannaki Street: Rs 700 per sq.ft (2024)
• Kanniayamman Koil Street: Rs 1,300 per sq.ft (2024)
• Kalaivanar Street: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Kamaraj Street (Kabilar Nagar)

For a 1,000 sq.ft plot at the current rate of Rs 1,300 per sq.ft, the guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kamaraj Street (Kabilar Nagar)?

The Sub Registrar Office that covers Kamaraj Street (Kabilar Nagar) is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Vengathur, as it determines the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is bought or sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the correct revenue from property transactions, based on the established guideline values.

Frequently asked questions

What is the current guideline value of Kamaraj Street (Kabilar Nagar)?

The current guideline value of Kamaraj Street (Kabilar Nagar) is Rs 1,300 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 150 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2024, reflecting a total increase of 767% over this period.

What is the land classification for Kamaraj Street (Kabilar Nagar)?

Kamaraj Street (Kabilar Nagar) is classified as Commercial Class I Type - III, which indicates its suitability for commercial activities.

Which Sub Registrar Office handles registrations for Kamaraj Street (Kabilar Nagar)?

The Manavalanagar Sub Registrar Office handles registrations for Kamaraj Street (Kabilar Nagar), located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.

How is the stamp duty calculated for properties in Kamaraj Street (Kabilar Nagar)?

Stamp duty for properties in Kamaraj Street (Kabilar Nagar) is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total stamp duty would be Rs 91,000.