Guideline Value for Kamaraj Nagar All Street

Kamaraj Nagar All Street guideline value

The current guideline value of Kamaraj Nagar All Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Kathivakkam village and falls under the Thiruvottiyur SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Kamaraj Nagar All Street has changed

The guideline value for Kamaraj Nagar All Street has experienced several revisions over the years. In 2007, the value was Rs 300 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012. However, it saw a decrease to Rs 670 per sq.ft in 2017. The value then rose again to Rs 1,000 per sq.ft in 2023, and the latest revision in 2024 set it at Rs 1,100 per sq.ft. The register has no figure for this street in 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%. The jump from 2023 to 2024 represents a 10% increase. Overall, from 2007 to 2024, there has been a substantial increase of 267% in the guideline value for Kamaraj Nagar All Street.

Guideline values in Kathivakkam

Kathivakkam village has 47 streets under the Thiruvottiyur SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 1,600 per sq.ft. The median guideline value for these streets is Rs 1,001 per sq.ft, placing Kamaraj Nagar All Street's 2024 figure above that median.

• Kamalammal Nagar: Rs 1,000 per sq.ft (2024)
• Kathivakkam HighRoad: Rs 1,600 per sq.ft (2024)
• Kattukkuppam: Rs 1,001 per sq.ft (2024)
• Indra Nagar: Rs 1,001 per sq.ft (2024)
• Harizan colony: Rs 1,000 per sq.ft (2024)
• Gandhi Nagar: Rs 1,001 per sq.ft (2024)

Stamp duty and registration fee for property in Kamaraj Nagar All Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamaraj Nagar All Street?

Kamaraj Nagar All Street is covered by the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process for property transactions in Kathivakkam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both parties understand the worth of the property in the eyes of the law. It is essential for buyers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kamaraj Nagar All Street?

The current guideline value of Kamaraj Nagar All Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting a total increase of 267% over the years.

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

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000, and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which Sub Registrar Office covers Kamaraj Nagar All Street?

The Thiruvottiyur Sub Registrar Office covers Kamaraj Nagar All Street, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

What is the land classification for Kamaraj Nagar All Street?

The land classification for Kamaraj Nagar All Street is Residential Special Type - I.