Guideline Value for Kamaraj Nagar Extn

Kamaraj Nagar Extn guideline value

The current guideline value of Kamaraj Nagar Extn is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Navaloor village under the Sriperumpudur SRO and is classified as Residential Class I Type - I.

How the guideline value of Kamaraj Nagar Extn has changed

Over the years, the guideline value for Kamaraj Nagar Extn has seen several revisions. The 2007 revision set the value at Rs 50 per sq.ft, which increased significantly to Rs 300 per sq.ft in the 2012 revision. However, the value then dropped to Rs 201 per sq.ft in the 2017 revision, before stabilizing again at Rs 300 per sq.ft in both the 2023 and 2024 revisions. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

From 2017 to 2023, the guideline value increased by 49%, while from 2012 to 2017, it decreased by 33%. The most notable change occurred from 2007 to 2012, where the value surged by 500%. Overall, from 2007 to 2024, the guideline value has increased by 500%.

Guideline values in Navaloor

In Navaloor, there are 26 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 1,100 per sq.ft. The median value is Rs 300 per sq.ft, which is equal to the current guideline value for Kamaraj Nagar Extn.

• Kamaraj Nagar: Rs 300 per sq.ft (2024)
• Jeyam Nagar: Rs 200 per sq.ft (2024)
• Kishta Baghavan Street: Rs 200 per sq.ft (2024)
• Jaisakthi Nagar: Rs 300 per sq.ft (2024)
• Main Road: Rs 610 per sq.ft (2024)
• Dr.Chandra City: Rs 450 per sq.ft (2024)

Stamp duty and registration fee for property in Kamaraj Nagar Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, making the total fees Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kamaraj Nagar Extn?

The Kamaraj Nagar Extn area falls under the jurisdiction of the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a critical factor when buying or selling property in Navaloor. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When a property transaction occurs, the guideline value is compared to the sale price. The higher amount is used to calculate the applicable fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kamaraj Nagar Extn?

The current guideline value of Kamaraj Nagar Extn is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent revisions being Rs 300 per sq.ft in 2023 and 2024. The value increased from Rs 50 per sq.ft in 2007 to Rs 300 per sq.ft in 2012, dropped to Rs 201 per sq.ft in 2017, and then stabilized at Rs 300 per sq.ft again in 2023 and 2024.

What are the other streets in Navaloor with their guideline values?

Other streets in Navaloor include Kamaraj Nagar at Rs 300 per sq.ft, Jeyam Nagar and Kishta Baghavan Street at Rs 200 per sq.ft, Jaisakthi Nagar at Rs 300 per sq.ft, Main Road at Rs 610 per sq.ft, and Dr.Chandra City at Rs 450 per sq.ft for the year 2024.

How is stamp duty calculated for properties in Kamaraj Nagar Extn?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, if a property is valued at Rs 3,00,000, the stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000.

Where can I find the Sub Registrar Office for Kamaraj Nagar Extn?

The Sub Registrar Office covering Kamaraj Nagar Extn is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details and assistance.