Guideline Value for Kamaraj Nagar II Street

Kamaraj Nagar II Street guideline value

The current guideline value of Kamaraj Nagar II Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Mannurpet village and falls under the Konnur SRO, classified as Residential Class III Type - I.

How the guideline value of Kamaraj Nagar II Street has changed

The guideline value for Kamaraj Nagar II Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft. This was followed by a decrease to Rs 670 per sq.ft in the 2017 revision. However, the value increased significantly to Rs 1,000 per sq.ft in the 2023 revision, and then rose again to Rs 1,100 per sq.ft in the 2024 revision, marking a 10% increase from the previous year. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Mannurpet

In Mannurpet village, there are 38 streets under the Konnur SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 6,600 per sq.ft. The median value for these streets is Rs 1,300 per sq.ft, placing Kamaraj Nagar II Street's 2024 figure below that median.

• Kamaraj Nagar I Street: Rs 1,100 per sq.ft (2024)
• Kamaraj Street: Rs 1,100 per sq.ft (2024)
• Kamaraj Street I Cross Street: Rs 1,100 per sq.ft (2024)
• Kamaraj Street II Cross Street: Rs 1,100 per sq.ft (2024)
• Kamaraj Nagar: Rs 1,100 per sq.ft (2024)
• Ishravel Nagar: Rs 1,100 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value would be Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling 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 information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamaraj Nagar II Street?

The Kamaraj Nagar II Street is covered by the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more details.

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

The guideline value plays a crucial role during property registration in Mannurpet. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property in the area.

Frequently asked questions

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

The current guideline value of Kamaraj Nagar II 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 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification for Kamaraj Nagar II Street?

Kamaraj Nagar II Street is classified as Residential Class III Type - I according to the local regulations.

Where can I find the registration office for Kamaraj Nagar II Street?

The registration office for Kamaraj Nagar II Street is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

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

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property with a guideline value of Rs 11,00,000, the stamp duty would be Rs 77,000 at a rate of 7%.