Guideline Value for Kamaraj Nagar (3rd Street)

Kamaraj Nagar (3rd Street) guideline value

The current guideline value for Kamaraj Nagar (3rd Street) is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal SRO, and is classified as Residential Class II Type - II.

How the guideline value of Kamaraj Nagar (3rd Street) has changed

The guideline value for Kamaraj Nagar (3rd Street) has seen significant changes over the years. In 2002, the guideline value was Rs 200 per sq.ft, which increased to Rs 226 per sq.ft in 2003, marking a 13% rise. The value further rose to Rs 360 per sq.ft in 2007, reflecting a 59% increase. By 2017, the guideline value had reached Rs 1,206 per sq.ft, which was a substantial 235% increase from 2007. However, there is no figure available for the 2012 revision.

Continuing this trend, the guideline value increased to Rs 1,800 per sq.ft in 2023, representing a 49% increase from 2017. The most recent revision in 2024 has set the guideline value at Rs 1,980 per sq.ft, which is a 10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 890%.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO, with guideline values ranging from Rs 880 to Rs 3,300 per sq.ft in 2024. The median guideline value for these streets is Rs 2,090 per sq.ft, placing Kamaraj Nagar (3rd Street) below this median value.

• Kamaraj Nagar (2nd Street): Rs 1,980 per sq.ft (2024)
• Kamaraj Nagar (1st Street): Rs 1,980 per sq.ft (2024)
• Kamaraj Ngar, Thiruneermalai Road: Rs 1,980 per sq.ft (2024)
• Kamaraj High Road / Pammal Main Road: Rs 3,300 per sq.ft (2024)
• Kamaraj Street / Gokulam Colony: Rs 2,750 per sq.ft (2024)
• Kamaraj Street / Muthamzhi Nagar: Rs 2,475 per sq.ft (2024)

Stamp duty and registration fee for property in Kamaraj Nagar (3rd Street)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty, charged at 7%, would amount to Rs 1,38,600, while the registration fee at 2% would be Rs 39,600. Thus, the total cost for these fees would be Rs 1,78,200. It is important to note that 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 Kamaraj Nagar (3rd Street)?

The Sub Registrar Office that covers Kamaraj Nagar (3rd Street) is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor in the registration of property transactions in Pammal. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

It is essential for buyers and sellers to be aware of the current guideline value, as it can influence the overall cost of the transaction. The guideline value serves as a benchmark for property prices in the area, providing transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value for Kamaraj Nagar (3rd Street)?

The current guideline value for Kamaraj Nagar (3rd Street) is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 200 per sq.ft in 2002 to Rs 1,980 per sq.ft in 2024, reflecting an overall increase of 890% over this period.

What are the stamp duty and registration fees for properties in Kamaraj Nagar (3rd Street)?

For a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600 and the registration fee would be Rs 39,600, totaling Rs 1,78,200.

Which Sub Registrar Office covers Kamaraj Nagar (3rd Street)?

The Pammal Sub Registrar Office covers Kamaraj Nagar (3rd Street), located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification for Kamaraj Nagar (3rd Street)?

Kamaraj Nagar (3rd Street) is classified as Residential Class II Type - II, indicating its suitability for residential purposes.