Guideline Value for Kamaraj Nagar

Kamaraj Nagar guideline value

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

How the guideline value of Kamaraj Nagar has changed

The guideline value for Kamaraj Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 1,800 per sq.ft, which then decreased to Rs 1,206 per sq.ft in the 2017 revision. After this, the value increased significantly to Rs 1,800 per sq.ft in 2023, and then to Rs 1,900 per sq.ft in the 2024 revision.

Between the revisions, the changes are notable. From 2012 to 2017, there was a decrease of 33%, while from 2017 to 2023, the value increased by 49%. The most recent change from 2023 to 2024 reflects a 6% increase. Overall, the guideline value has increased by 6% from 2012 to 2024.

Guideline values in Puthagaram

Puthagaram village features a range of guideline values across its 140 streets under the Ambattur SRO, with values ranging from Rs 1,200 to Rs 3,800 per sq.ft. The median value is Rs 1,900 per sq.ft, which is equal to the current guideline value for Kamaraj Nagar.

• Kamaraj Nagar Annex I: Rs 1,900 per sq.ft (2024)
• Kamaraj Nagar Annex II: 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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value amounts to Rs 19,00,000. The stamp duty at 7% would be Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, bringing the total fees to 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, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamaraj Nagar?

The Kamaraj Nagar 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 more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Puthagaram. It is used to determine the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the registration process reflects the value of the property accurately.

Frequently asked questions

What is the current guideline value of Kamaraj Nagar?

The current guideline value of Kamaraj Nagar 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 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?

Kamaraj Nagar is classified as Residential Class I Type - I, indicating its designation for residential purposes.

Where is the Ambattur Sub Registrar Office located?

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?

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 19,00,000, the stamp duty would be calculated at 7% of that amount.