Guideline Value for Kamala Nagar

Kamala Nagar guideline value

The current guideline value for Kamala Nagar in Porur village, under the Kunrathur SRO, is Rs 4,290 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Special Type - II.

How the guideline value of Kamala Nagar has changed

The guideline value for Kamala Nagar has seen significant changes over the years. Starting from Rs 335 per sq.ft in 2002, it increased to Rs 409 per sq.ft in 2003, marking a 22% rise. By 2007, the value surged to Rs 750 per sq.ft, reflecting an 83% increase. The next revision in 2012 saw the value rise to Rs 3,900 per sq.ft, a substantial 420% increase. However, this figure dropped to Rs 2,613 per sq.ft in 2017, indicating a 33% decline. The value then rose again to Rs 3,900 per sq.ft in 2023, before reaching the current rate of Rs 4,290 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1181%. The register does not contain figures for revisions in years other than those specified.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 2,860 to Rs 6,380 per sq.ft, with a median value of Rs 3,960 per sq.ft. The guideline value for Kamala Nagar is above this median.

• Kamala Nagar Road: Rs 4,290 per sq.ft (2024)
• Kamala Nagar Road - Lane: Rs 4,290 per sq.ft (2024)
• Kaliamman koil Street: Rs 3,960 per sq.ft (2024)
• Kaliamman koil Ist Street (West): Rs 3,960 per sq.ft (2024)
• Kaliamman koil Ist Street (East): Rs 3,960 per sq.ft (2024)
• Kaliamman koil II nd Street (West): Rs 3,960 per sq.ft (2024)

Stamp duty and registration fee for property in Kamala Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 4,290 per sq.ft, the total guideline value would be Rs 42,90,000. The stamp duty at 7% would be Rs 3,00,300, and the registration fee at 2% would be Rs 85,800, making the total Rs 3,86,100. Stamp 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 Kamala Nagar?

The Sub Registrar Office that covers Kamala Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for additional details.

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

The guideline value is an essential figure used during the registration process when buying or selling property in Porur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized valuation of the property.

When you register a property, the guideline value will be compared to the sale price, and the higher of the two will be used to determine the applicable stamp duty and registration fees. This practice helps maintain transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value for Kamala Nagar?

The current guideline value for Kamala Nagar is Rs 4,290 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 2002 to Rs 4,290 per sq.ft in 2024, representing an overall increase of 1181% over this period.

What are the stamp duty and registration fees for a property in Kamala Nagar?

For a property valued at Rs 42,90,000, the stamp duty would be Rs 3,00,300, and the registration fee would be Rs 85,800, totaling Rs 3,86,100.

Which office handles property registration in Kamala Nagar?

The Kunrathur Sub Registrar Office handles property registration in Kamala Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification for Kamala Nagar?

The land classification for Kamala Nagar is Mixed Special Type - II, which indicates the type of development allowed in the area.