Guideline Value for Kamaraj Nagar 5th Street

Kamaraj Nagar 5th Street guideline value

The current guideline value of Kamaraj Nagar 5th 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 5th Street has changed

The guideline value for Kamaraj Nagar 5th Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,300 per sq.ft, which is an increase of 8% from the 2023 revision of Rs 1,200 per sq.ft. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002.

Prior to the 2023 revision, the guideline value for this street was not recorded in the register. The only available figures are from 2023 and the current 2024 revision.

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 guideline value in this area is Rs 1,600 per sq.ft, making Kamaraj Nagar 5th Street's 2024 figure below that median.

• Kamaraj Nagar 6th Street: Rs 1,300 per sq.ft (2024)
• Kamaraj Nagar 4th Street: Rs 1,300 per sq.ft (2024)
• Kamaraj Nagar 7th Street: Rs 1,300 per sq.ft (2024)
• Kamaraj Nagar 3rd Street: Rs 1,300 per sq.ft (2024)
• Kamaraj Nagar 8th Street: Rs 1,300 per sq.ft (2024)
• Kamaraj Nagar 9th Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kamaraj Nagar 5th 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, bringing the total to Rs 1,17,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kamaraj Nagar 5th Street?

The Kamaraj Nagar 5th 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 plays a crucial role in property transactions in Tondaiarpet. It is used as a benchmark for calculating the stamp duty and registration fees during the sale or purchase of property. This ensures that the government collects the appropriate taxes based on the established rates.

When a property is sold, the guideline value is often referenced to determine the minimum value for registration. Buyers and sellers must be aware of these values to ensure compliance with local regulations and to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kamaraj Nagar 5th Street?

The current guideline value of Kamaraj Nagar 5th 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 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 classification of Kamaraj Nagar 5th Street?

Kamaraj Nagar 5th Street is classified as Residential Class II Type - I. This classification is important for determining the guideline value and related regulations.

What are the stamp duty and registration fees for properties here?

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. The duty is charged on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Kamaraj Nagar 5th Street located?

The Royapuram Sub Registrar Office is located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. This office handles the registration of properties in the area.