Guideline Value for Kamaraj Nagar 10th Street

Kamaraj Nagar 10th Street guideline value

The current guideline value of Kamaraj Nagar 10th Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village under the Royapuram SRO, classified as Residential Class II Type - I.

How the guideline value of Kamaraj Nagar 10th Street has changed

The guideline value for Kamaraj Nagar 10th Street has undergone several revisions in recent years. The 2012 revision set the value at Rs 1,200 per sq.ft, which then decreased to Rs 804 per sq.ft in the 2017 revision, marking a decline of 33%. In the subsequent 2023 revision, the value increased to Rs 1,200 per sq.ft, and in the latest 2024 revision, it rose to Rs 1,300 per sq.ft, reflecting an 8% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 8%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO, with guideline values ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median value for these streets is Rs 1,600 per sq.ft, which means that Kamaraj Nagar 10th Street's 2024 figure is below that median.

• Kamaraj Nagar 11th Street: Rs 1,300 per sq.ft (2024)
• Kamaraj Nagar 12th Street: Rs 1,300 per sq.ft (2024)
• Kamaraj Nagar 1st Street: Rs 1,300 per sq.ft (2024)
• Kamaraj Nagar 2nd Street: Rs 1,300 per sq.ft (2024)
• Kamaraj Nagar 3rd Street: Rs 1,300 per sq.ft (2024)
• Kamaraj Nagar 4th Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kamaraj Nagar 10th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Kamaraj Nagar 10th Street?

The Kamaraj Nagar 10th Street falls under the jurisdiction of the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Tondaiarpet. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the fair value of the property, and it is essential for both buyers and sellers to be aware of these values to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kamaraj Nagar 10th Street?

The current guideline value of Kamaraj Nagar 10th Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then back to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,300 per sq.ft in 2024.

What is the land classification for Kamaraj Nagar 10th Street?

Kamaraj Nagar 10th Street is classified as Residential Class II Type - I under the land classification system.

Where can I find the registration office for Kamaraj Nagar 10th Street?

The registration office for Kamaraj Nagar 10th Street is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 13,00,000 would incur a stamp duty of Rs 91,000 at a rate of 7%.