Guideline Value for Kamaraj Nagar Annex I

Kamaraj Nagar Annex I guideline value

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

How the guideline value of Kamaraj Nagar Annex I has changed

The guideline value for Kamaraj Nagar Annex I 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 most recent 2024 revision has further increased it to Rs 1,900 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. The value then rose by 6% from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has increased by 6%.

Guideline values in Puthagaram

Puthagaram village has a total of 140 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,200 to Rs 3,800 per sq.ft, with a median value of Rs 1,900 per sq.ft. The guideline value for Kamaraj Nagar Annex I aligns with this median value.

• Kamaraj Nagar Annex II: 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 I

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, resulting in a total of 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.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamaraj Nagar Annex I?

The Kamaraj Nagar Annex I area falls under the jurisdiction of 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 more details.

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

The guideline value is a crucial factor when registering property transactions in Puthagaram. It serves as the basis for calculating stamp duty and registration fees, which are mandatory for any property sale or purchase.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and transparently, reflecting the official value set by the authorities. This protects both buyers and sellers by providing a standardized valuation for properties.

Frequently asked questions

What is the current guideline value of Kamaraj Nagar Annex I?

The current guideline value of Kamaraj Nagar Annex I 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 increased to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,900 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Kamaraj Nagar Annex I?

For a 1,000 sq.ft plot, the total guideline value is Rs 19,00,000. The stamp duty at 7% is Rs 1,33,000, and the registration fee at 2% is Rs 38,000, totaling Rs 1,71,000.

Which office handles property registration for Kamaraj Nagar Annex I?

The Ambattur Sub Registrar Office handles property registration for Kamaraj Nagar Annex I, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur - 600 053, Chennai registration zone.

What is the land classification for Kamaraj Nagar Annex I?

Kamaraj Nagar Annex I is classified as Residential Class I Type - I. This classification is important for determining the appropriate guidelines and regulations for property transactions in the area.