Guideline Value for Kamaraj Nagar

Kamaraj Nagar guideline value

The current guideline value of Kamaraj Nagar, located in Mangadu -A under the Kunrathur SRO, is Rs 1,980 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - III.

How the guideline value of Kamaraj Nagar has changed

The guideline value of Kamaraj Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 1,206 per sq.ft. In 2023, the value increased to Rs 1,800 per sq.ft, marking a significant rise of 49%. The most recent revision in 2024 raised the guideline value to Rs 1,980 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Guideline values in Mangadu -A

In Mangadu -A, there are 208 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 1,870 per sq.ft, placing Kamaraj Nagar's 2024 figure above the median.

• Kamatchi Amman Koil I Cross Street: Rs 1,980 per sq.ft (2024)
• Kamatchi Amman Koil IICross Street: Rs 1,980 per sq.ft (2024)
• Kamatchi Amman Koil Street: Rs 1,980 per sq.ft (2024)
• Kamatchi Amman Nagar: Rs 1,980 per sq.ft (2024)
• Kamatchi Amman Nagar 1st Street: Rs 1,980 per sq.ft (2024)
• Kamatchi Amman Nagar 2nd Street: Rs 1,980 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 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total fees to Rs 1,78,200. 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?

The Sub Registrar Office that covers Kamaraj Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for additional information.

How the guideline value is used when you buy or sell in Mangadu -A

The guideline value is a crucial factor when registering properties in Mangadu -A. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction. Buyers and sellers should be aware that the guideline value influences the overall cost of the property transaction.

When a property is bought or sold, the registration office uses the guideline value to calculate the necessary fees, ensuring that all transactions are compliant with the regulations set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Kamaraj Nagar?

The current guideline value of Kamaraj Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,206 per sq.ft in 2017 to Rs 1,980 per sq.ft in 2024, representing a total increase of 64% over the period.

What are the stamp duty and registration fees for properties in Kamaraj Nagar?

For a plot of 1,000 sq.ft, the total guideline value is Rs 19,80,000. The stamp duty would be Rs 1,38,600, and the registration fee would be Rs 39,600, totaling Rs 1,78,200.

Which Sub Registrar Office covers Kamaraj Nagar?

The Kunrathur Sub Registrar Office covers Kamaraj Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification of Kamaraj Nagar?

Kamaraj Nagar is classified as Residential Special Type - III, indicating its designated use for residential purposes.