Guideline Value for KAMARAJAR NAGAR

Kamarajar Nagar guideline value

The current guideline value of Kamarajar Nagar is Rs 825 per sq.ft, effective from 1 July 2024. This area is located in Tiruttani village, under the Thiruttani SRO, and is classified as Residential Class III Type - I.

How the guideline value of Kamarajar Nagar has changed

The guideline value for Kamarajar Nagar has seen several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 825 per sq.ft, which is an increase from Rs 750 per sq.ft in the 2023 revision. Prior to that, in 2017, the guideline value was Rs 502 per sq.ft. The register has no figures for the years 2002, 2003, 2007, and 2012.

Between the revisions, there have been notable changes. From 2017 to 2023, the guideline value increased by 49%, and from 2023 to 2024, it rose by 10%. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Tiruttani

In Tiruttani, there are 160 streets under the Thiruttani SRO that carry a 2024 guideline value ranging from Rs 548 to Rs 1,540 per sq.ft. The median value for these streets is Rs 825 per sq.ft, which is equal to the guideline value of Kamarajar Nagar.

• Kamarajar Street: Rs 990 per sq.ft (2024)
• Kandan Nagar: Rs 1,099 per sq.ft (2024)
• Kandappan Naicken Street: Rs 988 per sq.ft (2024)
• Kandaswamy Street: Rs 1,100 per sq.ft (2024)
• Kadappa Trunk Road 9th Lane: Rs 990 per sq.ft (2024)
• Kadappa Trunk Road 8th Lane: Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Kamarajar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 825 per sq.ft, the total guideline value amounts to Rs 8,25,000. The stamp duty at 7% would be Rs 57,750, and the registration fee at 2% would be Rs 16,500, bringing the total to Rs 74,250. 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 Kamarajar Nagar?

Kamarajar Nagar falls under the jurisdiction of the Thiruttani Sub Registrar Office, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone. You can find your SRO for more details.

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

The guideline value serves as a benchmark for property transactions in Tiruttani. When buying or selling property, this value is used to determine the applicable stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official registers.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of the transaction. The guideline value is updated periodically, reflecting changes in the real estate market and local regulations.

Frequently asked questions

What is the current guideline value of Kamarajar Nagar?

The current guideline value of Kamarajar Nagar is Rs 825 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 502 per sq.ft in 2017 to Rs 825 per sq.ft in 2024, marking an overall increase of 64% over this period.

What are the stamp duty and registration fees for properties in Kamarajar Nagar?

For a property valued at Rs 8,25,000, the stamp duty would be Rs 57,750, and the registration fee would be Rs 16,500, totaling Rs 74,250.

Which Sub Registrar Office covers Kamarajar Nagar?

Kamarajar Nagar is covered by the Thiruttani Sub Registrar Office, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone.

What is the land classification of Kamarajar Nagar?

Kamarajar Nagar is classified as Residential Class III Type - I, indicating its suitability for residential development.