Guideline Value for Kamaraj Nagar 3rd Cross Street

Kamaraj Nagar 3rd Cross Street guideline value

The current guideline value of Kamaraj Nagar 3rd Cross Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Peravallur village under the Sembiam SRO and is classified as Residential Class I Type - I.

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

The guideline value for Kamaraj Nagar 3rd Cross Street has seen several revisions over the years. The earliest recorded figure is from 2007, when it was Rs 700 per sq.ft. This increased significantly to Rs 2,500 per sq.ft in 2012, marking a 257% rise. However, it then decreased to Rs 1,675 per sq.ft in 2017, which was a 33% decline. The value rose again to Rs 2,500 per sq.ft in 2023, and most recently, it has increased to Rs 2,700 per sq.ft in 2024, representing an 8% increase from the previous year.

There are no recorded figures for the revisions in 2002 and 2003 for Kamaraj Nagar 3rd Cross Street. Overall, from 2007 to 2024, the guideline value has increased by 286%.

Guideline values in Peravallur

In Peravallur, there are 423 streets under the Sembiam SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 7,100 per sq.ft. The median value for these streets is Rs 3,301 per sq.ft, placing Kamaraj Nagar 3rd Cross Street's 2024 figure below that median.

• Kamaraj Nagar 2nd Street: Rs 2,700 per sq.ft (2024)
• Kamaraj Nagar 2nd Cross Street: Rs 2,700 per sq.ft (2024)
• Kamaraj Nagar 1st Street: Rs 2,700 per sq.ft (2024)
• Kamaraj Nagar 1st Cross Street: Rs 2,700 per sq.ft (2024)
• Kandasamy Salai: Rs 2,700 per sq.ft (2024)
• Kannabiran Koil Street: Rs 2,700 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total cost for these fees to Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamaraj Nagar 3rd Cross Street?

Kamaraj Nagar 3rd Cross Street falls under the jurisdiction of the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Peravallur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

Frequently asked questions

What is the current guideline value of Kamaraj Nagar 3rd Cross Street?

The current guideline value of Kamaraj Nagar 3rd Cross Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of 286% over the years.

What are the stamp duty rates for property in Kamaraj Nagar 3rd Cross Street?

The stamp duty rate for property transactions in Kamaraj Nagar 3rd Cross Street is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Kamaraj Nagar 3rd Cross Street?

The Sub Registrar Office that covers Kamaraj Nagar 3rd Cross Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011.

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

Kamaraj Nagar 3rd Cross Street is classified as Residential Class I Type - I, indicating its suitability for residential development.