Guideline Value for KAMARAJ STREET(A) NAGAR

Kamaraj Street(A) Nagar guideline value

The current guideline value of Kamaraj Street(A) Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Kanchipuram Town village under the Kanchipuram Joint I SRO, classified as Residential Class III Type - III.

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

The guideline value for Kamaraj Street(A) Nagar has seen several revisions over the years. In 2012, the value was set at Rs 1,000 per sq.ft, which then decreased to Rs 670 per sq.ft in 2017. The value increased to Rs 1,000 per sq.ft again in the 2023 revision, and as of the latest revision in 2024, it stands at Rs 1,100 per sq.ft. The register has no figures for the revisions in 2002, 2003, and 2007.

From 2017 to 2023, the guideline value increased by 49%, and from 2023 to 2024, it rose by 10%. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value.

Guideline values in Kanchipuram Town

Kanchipuram Town has a total of 85 streets under the Kanchipuram Joint I SRO, with 2024 guideline values ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, which means that Kamaraj Street(A) Nagar's 2024 figure is below the median.

• Kamatchiamman North Mada Street: Rs 1,650 per sq.ft (2024)
• Kamatchiamman Sannathi Street: Rs 2,200 per sq.ft (2024)
• Kamatchiamman South Mada Street: Rs 1,650 per sq.ft (2024)
• Kamatchiamman West Mada Street: Rs 1,650 per sq.ft (2024)
• Kanagasubbrayar Street: Rs 2,750 per sq.ft (2024)
• Kalandar Street: Rs 1,650 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, while the registration fee at 2% would be Rs 22,000, making the total cost Rs 99,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

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

The Kamaraj Street(A) Nagar falls under the Kanchipuram Joint I Sub Registrar Office, located at No.52 Orikkai Madura, Udhayamangalam Village, Near Anna Kudiyiruppu, Kanchipuram -631502, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kanchipuram Town. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

Frequently asked questions

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

The current guideline value of Kamaraj Street(A) 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 from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,100 per sq.ft in 2024.

What is the land classification of Kamaraj Street(A) Nagar?

Kamaraj Street(A) Nagar is classified as Residential Class III Type - III.

Where is the Kanchipuram Joint I Sub Registrar Office located?

The Kanchipuram Joint I Sub Registrar Office is located at No.52 Orikkai Madura, Udhayamangalam Village, Near Anna Kudiyiruppu, Kanchipuram -631502, Chengalpattu registration zone.

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

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000.