Guideline Value for Kamaraj Nagar & Street

Kamaraj Nagar & Street guideline value

The current guideline value of Kamaraj Nagar & Street in Zaminpallavaram village is Rs 3,520 per sq.ft, effective from 1 July 2024. This area falls under the Pallavaram SRO and is classified as Residential Class I Type - I.

How the guideline value of Kamaraj Nagar & Street has changed

The guideline value for Kamaraj Nagar & Street has seen several revisions over the years. In 2003, the value was Rs 255 per sq.ft, which increased significantly to Rs 600 per sq.ft in 2007. The value then rose dramatically to Rs 3,200 per sq.ft in 2012, but saw a decrease to Rs 2,144 per sq.ft in 2017. Following this, the value increased to Rs 3,200 per sq.ft in 2023, and has now reached Rs 3,520 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has risen by 1280%. The register does not have a figure for the year 2002 for this street.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 2,100 to Rs 11,000 per sq.ft, with a median value of Rs 3,300 per sq.ft. The guideline value of Kamaraj Nagar & Street is above this median.

• KamatChi Nagar: Rs 4,400 per sq.ft (2024)
• Kambar Street: Rs 2,750 per sq.ft (2024)
• Kannabiran Koil 1st Street: Rs 2,750 per sq.ft (2024)
• Kannabiran Koil Street: Rs 2,750 per sq.ft (2024)
• Kannabiran Street: Rs 2,750 per sq.ft (2024)
• Kannadasan Street, Rajiv Gandhi Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kamaraj Nagar & Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value would be Rs 35,20,000. The stamp duty at 7% would be Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, totaling Rs 3,16,800. Please note that the duty is charged on the higher of the guideline value or the sale price. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kamaraj Nagar & Street?

The Kamaraj Nagar & Street area is covered by the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Zaminpallavaram. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from transactions.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the transaction reflects the value of the property accurately.

Frequently asked questions

What is the current guideline value of Kamaraj Nagar & Street?

The current guideline value of Kamaraj Nagar & Street is Rs 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 255 per sq.ft in 2003 to Rs 3,520 per sq.ft in 2024, representing a significant overall increase of 1280% over the years.

What is the land classification for Kamaraj Nagar & Street?

Kamaraj Nagar & Street is classified as Residential Class I Type - I under the Pallavaram SRO.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For example, a property valued at Rs 35,20,000 would incur a total fee of Rs 3,16,800.

Where can I find the Sub Registrar Office for Kamaraj Nagar & Street?

The Pallavaram Sub Registrar Office is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.