Guideline Value for Kamaraj Nagar 6th Street

Kamaraj Nagar 6th Street guideline value

The current guideline value of Kamaraj Nagar 6th 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 6th Street has changed

The guideline value for Kamaraj Nagar 6th Street has seen several revisions over the years. The 2023 revision set the value at Rs 1,200 per sq.ft, while the most recent 2024 revision increased it to Rs 1,300 per sq.ft, reflecting an increase of 8%. The register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2017.

Prior to the 2023 revision, there were no recorded figures for Kamaraj Nagar 6th Street in the guideline value register. As of the 2024 revision, this street's guideline value is below the median of Rs 1,600 per sq.ft for Tondaiarpet, which ranges from Rs 1,100 to Rs 10,100 per sq.ft across 1384 streets under the Royapuram SRO.

Guideline values in Tondaiarpet

In Tondaiarpet, the guideline values vary significantly, with the 2024 figures ranging from Rs 1,100 to Rs 10,100 per sq.ft. Kamaraj Nagar 6th Street's value of Rs 1,300 per sq.ft is below the median value of Rs 1,600 per sq.ft. Below are the guideline values for other streets in Tondaiarpet:

• Kamaraj Nagar 5th 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)
• Kamaraj Nagar 4th Street: Rs 1,300 per sq.ft (2024)
• Kamaraj Nagar 9th Street: Rs 1,300 per sq.ft (2024)
• Kamaraj Nagar 3rd Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kamaraj Nagar 6th 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 at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, leading to a total of 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. You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kamaraj Nagar 6th Street?

The Sub Registrar Office that covers Kamaraj Nagar 6th Street is 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 the registration process when buying or selling property in Tondaiarpet. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the buyer and seller must ensure that the sale price is in line with the guideline value to avoid discrepancies during registration. The authorities will assess the property based on the guideline value to compute the applicable duties and fees.

Frequently asked questions

What is the current guideline value of Kamaraj Nagar 6th Street?

The current guideline value of Kamaraj Nagar 6th 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 for Kamaraj Nagar 6th Street was Rs 1,200 per sq.ft in 2023 and increased to Rs 1,300 per sq.ft in 2024, marking an 8% increase. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Kamaraj Nagar 6th Street?

Kamaraj Nagar 6th Street is classified as Residential Class II Type - I, which indicates its use for residential purposes under the local regulations.

What is the range of guideline values in Tondaiarpet?

The guideline values in Tondaiarpet range from Rs 1,100 to Rs 10,100 per sq.ft as of 2024, with a median value of Rs 1,600 per sq.ft.

Where can I find the Sub Registrar Office for Kamaraj Nagar 6th Street?

The Sub Registrar Office for Kamaraj Nagar 6th Street is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.