Guideline Value for Kamaraj Nagar 4th Street

Kamaraj Nagar 4th Street guideline value

The current guideline value of Kamaraj Nagar 4th Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Chitlapakkam village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Special Type - II.

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 earliest available figure is from the 2012 revision, which was Rs 3,500 per sq.ft. This was followed by a decrease to Rs 2,345 per sq.ft in the 2017 revision. However, the 2023 revision saw a significant increase to Rs 3,500 per sq.ft, and the most recent revision in 2024 raised it further to Rs 3,850 per sq.ft.

Between the revisions, the changes are notable. From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. The jump from 2023 to 2024 represents a 10% increase. Overall, from 2012 to 2024, the guideline value has seen a modest increase of 10%.

Guideline values in Chitlapakkam

In Chitlapakkam, there are 548 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, placing Kamaraj Nagar 4th Street's 2024 value above this median.

• Kamaraj Nagar 3rd Street: Rs 3,850 per sq.ft (2024)
• Kamaraj Nagar Ist Street: Rs 3,850 per sq.ft (2024)
• Kamaraj Nagar 2nd Street: Rs 3,850 per sq.ft (2024)
• Kamaraj Colony 5th Street: Rs 3,850 per sq.ft (2024)
• Kamaraj Colony 4th Street: Rs 3,850 per sq.ft (2024)
• Kamaraj Colony 3rd Street: Rs 3,850 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 3,850 per sq.ft, the total guideline value would be Rs 38,50,000. The stamp duty at 7% would amount to Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, bringing the total to Rs 3,46,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kamaraj Nagar 4th Street?

Kamaraj Nagar 4th Street is covered by the Tambaram Joint 1 Sub Registrar Office, located at No.26, MES Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Chitlapakkam. It is used to determine the stamp duty and registration fees that buyers must pay when registering a property. The guideline value is set by the government and is periodically revised based on various factors.

When a property is bought or sold, the registration office uses the guideline value to calculate the applicable fees. Buyers should be aware that the fees are based on the higher of the guideline value or the actual sale price of the property.

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 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,500 per sq.ft in 2012 to Rs 2,345 per sq.ft in 2017, then increased to Rs 3,500 per sq.ft in 2023, and finally to Rs 3,850 per sq.ft in 2024.

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

The land classification for Kamaraj Nagar 4th Street is Residential Special Type - II.

Where can I find the registration office for Kamaraj Nagar 4th Street?

The registration office for Kamaraj Nagar 4th Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, MES Road, East Tambaram, Chennai-600059.

How is stamp duty calculated for properties in Kamaraj Nagar 4th Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 38,50,000 would incur a stamp duty of Rs 2,69,500 at the rate of 7%.