Guideline Value for Kamaraj Nagar Annex II

Kamaraj Nagar Annex II guideline value

The current guideline value of Kamaraj Nagar Annex II is Rs 1,900 per sq.ft, effective from 1 July 2024. This area is located in Puthagaram village under the Ambattur SRO, classified as Residential Class I Type - I.

How the guideline value of Kamaraj Nagar Annex II has changed

The guideline value for Kamaraj Nagar Annex II has undergone several revisions over the years. The 2012 revision set the value at Rs 1,800 per sq.ft, which was then reduced to Rs 1,206 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 1,800 per sq.ft, and the latest 2024 revision raised it to Rs 1,900 per sq.ft.

From the 2017 to 2023 revision, there was a significant increase of 49%. The change from 2023 to 2024 reflects a 6% increase. Overall, from 2012 to 2024, the guideline value has increased by 6%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Puthagaram

Puthagaram village has 140 streets under the Ambattur SRO, with guideline values ranging from Rs 1,200 to Rs 3,800 per sq.ft. The median value for these streets is Rs 1,900 per sq.ft, which is equal to the current guideline value for Kamaraj Nagar Annex II.

• Kamaraj Nagar Annex I: Rs 1,900 per sq.ft (2024)
• Kamaraj Nagar: Rs 1,900 per sq.ft (2024)
• Kamalam Nagar Extn: Rs 1,900 per sq.ft (2024)
• Kaddappa Road: Rs 2,201 per sq.ft (2024)
• Jeyaparvthy Nagar: Rs 1,700 per sq.ft (2024)
• Jeyalakshmi Nagar: Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in Kamaraj Nagar Annex II

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value would be Rs 19,00,000. The stamp duty at 7% would amount to Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, totaling Rs 1,71,000. 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 details.

Which Sub Registrar Office covers Kamaraj Nagar Annex II?

The Kamaraj Nagar Annex II area is covered by the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for further information.

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

The guideline value is crucial during property transactions as it determines the amount of stamp duty and registration fees payable. When registering a property, the guideline value is considered to ensure that the taxes are appropriately calculated based on the official value set by the government.

Frequently asked questions

What is the current guideline value for Kamaraj Nagar Annex II?

The current guideline value for Kamaraj Nagar Annex II is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then back to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,900 per sq.ft in 2024.

What is the land classification for Kamaraj Nagar Annex II?

Kamaraj Nagar Annex II is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Ambattur Sub Registrar Office?

The Ambattur Sub Registrar Office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Kamaraj Nagar Annex II?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 19,00,000, the stamp duty would be Rs 1,33,000.