Guideline Value for Kamaraj Nagar 9th Street

Kamaraj Nagar 9th Street guideline value

The current guideline value of Kamaraj Nagar 9th 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 falls under the Residential Class II Type - I land classification.

How the guideline value of Kamaraj Nagar 9th Street has changed

According to the register, there are no figures for Kamaraj Nagar 9th Street for the years 2002, 2003, 2007, 2012, and 2017. The guideline value was Rs 1,200 per sq.ft in the 2023 revision, and it increased by 8% to Rs 1,300 per sq.ft in the 2024 revision.

This change marks a significant update in the guideline value, reflecting the current valuation as of July 2024. The increase from 2023 to 2024 indicates a shift in the valuation of properties in this area.

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 for the area is Rs 1,600 per sq.ft, placing Kamaraj Nagar 9th Street's 2024 figure below that median.

• Kamaraj Nagar 8th Street: Rs 1,300 per sq.ft (2024)
• Kamaraj Nagar 7th Street: Rs 1,300 per sq.ft (2024)
• Kamaraj Nagar Main Road: Rs 1,300 per sq.ft (2024)
• Kamaraj Nagar 6th Street: Rs 1,300 per sq.ft (2024)
• Kamaraj Nagar 5th Street: Rs 1,300 per sq.ft (2024)
• Kamaraj Nagar 4th Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kamaraj Nagar 9th 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 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 9th Street?

The Kamaraj Nagar 9th Street is covered by 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 a crucial factor when registering property transactions in Tondaiarpet. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair price.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are essential components of the registration process. Buyers and sellers should be aware of these values to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value of Kamaraj Nagar 9th Street?

The current guideline value of Kamaraj Nagar 9th 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 9th Street was Rs 1,200 per sq.ft in 2023 and increased by 8% to Rs 1,300 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value in Tondaiarpet?

The median guideline value in Tondaiarpet is Rs 1,600 per sq.ft. Kamaraj Nagar 9th Street's guideline value is below this median.

What are the stamp duty and registration fees for a property in Kamaraj Nagar 9th Street?

For a 1,000 sq.ft plot at the guideline value of Rs 1,300 per sq.ft, the total guideline value is 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.

Which office handles the registration for Kamaraj Nagar 9th Street?

The Royapuram Sub Registrar Office handles the registration for Kamaraj Nagar 9th Street. It is located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.