Guideline Value for Kamaraj Nagar 3rd Street

Kamaraj Nagar 3rd Street guideline value

The current guideline value of Kamaraj Nagar 3rd Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village under the Royapuram SRO and is classified as Residential Class II Type - I.

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

The guideline value for Kamaraj Nagar 3rd Street has seen revisions over the years. The most recent revision in 2024 set the value at Rs 1,300 per sq.ft, an increase from Rs 1,200 per sq.ft in the 2023 revision, reflecting a change of +8%. Prior to 2023, there are no figures recorded for the years 2017, 2012, 2007, 2003, and 2002.

In summary, the guideline values have progressed from Rs 1,200 per sq.ft in 2023 to Rs 1,300 per sq.ft in 2024. The earlier revisions do not have figures available for Kamaraj Nagar 3rd Street, indicating a lack of data for those years.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median value across these streets is Rs 1,600 per sq.ft, placing Kamaraj Nagar 3rd Street's 2024 figure below that median.

• Kamaraj Nagar 4th Street: Rs 1,300 per sq.ft (2024)
• Kamaraj Nagar 2nd Street: Rs 1,300 per sq.ft (2024)
• Kamaraj Nagar 5th Street: Rs 1,300 per sq.ft (2024)
• Kamaraj Nagar 6th Street: Rs 1,300 per sq.ft (2024)
• Kamaraj Nagar 1st Street: Rs 1,300 per sq.ft (2024)
• Kamaraj Nagar 7th Street: Rs 1,300 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 rate of Rs 1,300 per sq.ft, the guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, totaling Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kamaraj Nagar 3rd Street?

The Kamaraj Nagar 3rd 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 specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Tondaiarpet. It serves as a reference point for determining the stamp duty and registration fees that must be paid during the sale or purchase of a property.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that both buyers and sellers are aware of the costs involved in the transaction. This helps maintain transparency and consistency in property dealings.

Frequently asked questions

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

The current guideline value of Kamaraj Nagar 3rd 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 increased from Rs 1,200 per sq.ft in 2023 to Rs 1,300 per sq.ft in 2024, marking an 8% increase. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What is the median guideline value for streets in Tondaiarpet?

The median guideline value for streets in Tondaiarpet is Rs 1,600 per sq.ft. Kamaraj Nagar 3rd Street's 2024 figure is below this median.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 13,00,000. The stamp duty at 7% is Rs 91,000, and the registration fee at 2% is Rs 26,000, totaling Rs 1,17,000.

Where is the Royapuram Sub Registrar Office located?

The Royapuram Sub Registrar Office is located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. This office handles the registration for Kamaraj Nagar 3rd Street.