Guideline Value for Kamaraj Nagar 4th Street

Kamaraj Nagar 4th Street guideline value

The current guideline value of Kamaraj Nagar 4th Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village, under the jurisdiction of the Royapuram SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Kamaraj Nagar 4th Street has changed

The guideline value for Kamaraj Nagar 4th Street has undergone several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 1,300 per sq.ft, which reflects an increase from Rs 1,200 per sq.ft in the 2023 revision. This change represents an 8% rise in the guideline value from the previous year.

Prior to the 2023 revision, the register has no figure for this street in the years 2017, 2012, 2007, 2003, and 2002. Therefore, the only recorded figures for Kamaraj Nagar 4th Street are from 2023 and 2024.

Guideline values in Tondaiarpet

In Tondaiarpet village, there are 1,384 streets under the Royapuram SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median guideline value for these streets is Rs 1,600 per sq.ft, indicating that Kamaraj Nagar 4th Street's 2024 figure is below this median.

• Kamaraj Nagar 5th Street: Rs 1,300 per sq.ft (2024)
• Kamaraj Nagar 3rd Street: Rs 1,300 per sq.ft (2024)
• Kamaraj Nagar 6th Street: Rs 1,300 per sq.ft (2024)
• Kamaraj Nagar 2nd Street: Rs 1,300 per sq.ft (2024)
• Kamaraj Nagar 7th Street: Rs 1,300 per sq.ft (2024)
• Kamaraj Nagar 8th Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kamaraj Nagar 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty, charged at 7%, would be 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 duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamaraj Nagar 4th Street?

The Kamaraj Nagar 4th Street falls under the jurisdiction of the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more information.

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

The guideline value is an essential factor in property transactions within Tondaiarpet. It serves as a benchmark for determining the minimum value at which a property can be registered. This value is used to calculate stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, it is crucial to refer to the guideline value to understand the financial implications of the transaction. Buyers should be aware that the guideline value may differ from the actual sale price, but registration fees and stamp duty will be based on the higher of the two.

Frequently asked questions

What is the current guideline value of Kamaraj Nagar 4th Street?

The current guideline value of Kamaraj Nagar 4th 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, representing an 8% rise. There are no recorded figures for the years 2017, 2012, 2007, 2003, and 2002.

What are the stamp duty and registration fees for property in Kamaraj Nagar 4th Street?

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000, and the registration fee would be Rs 26,000, totaling Rs 1,17,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office is responsible for Kamaraj Nagar 4th Street?

The Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021, covers Kamaraj Nagar 4th Street.

What is the land classification for Kamaraj Nagar 4th Street?

Kamaraj Nagar 4th Street is classified as Residential Class II Type - I, indicating its suitability for residential purposes.