Guideline Value for Kamaraj Nagar

Kamaraj Nagar guideline value

The current guideline value of Kamaraj Nagar is Rs 600 per sq.ft, as per the 2024 revision effective from 1 July 2024. This area is located in Neelamangalam village and falls under the Gooduvancheri SRO, classified as Residential Class IV Type - II.

How the guideline value of Kamaraj Nagar has changed

Looking at the historical revisions, the guideline value for Kamaraj Nagar has seen various changes over the years. In 2007, the value was Rs 90 per sq.ft, which increased significantly to Rs 600 per sq.ft in 2012. However, it dropped to Rs 402 per sq.ft in 2017, before stabilizing at Rs 600 per sq.ft in both 2023 and 2024. The register has no figures for the years 2002 and 2003.

From 2017 to 2023, there was a notable increase of 49%. The value remained unchanged from 2023 to 2024, reflecting a 0% change. Overall, from 2007 to 2024, the guideline value has increased by 567%.

Guideline values in Neelamangalam

In Neelamangalam village, there are 41 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,000 per sq.ft, with a median value of Rs 600 per sq.ft. Kamaraj Nagar's 2024 guideline value aligns with this median.

• Kavalkaran Nagar: Rs 600 per sq.ft (2024)
• Jeeva Nagar: Rs 600 per sq.ft (2024)
• K.C.R.Nagar: Rs 1,344 per sq.ft (2024)
• K.C.R. Nagar Phase -II: Rs 1,344 per sq.ft (2024)
• Kesavan Garden: Rs 1,300 per sq.ft (2024)
• Kkr Nagar: Rs 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 rate of Rs 600 per sq.ft, the guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, totaling Rs 54,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Kamaraj Nagar?

Kamaraj Nagar is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Neelamangalam. It serves as a benchmark for determining the stamp duty and registration fees applicable to a property transaction. Buyers and sellers must consider the guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value helps establish a fair price for taxation purposes. It is essential for both parties to be aware of the guideline value to avoid disputes during the registration process.

Frequently asked questions

What is the current guideline value of Kamaraj Nagar?

The current guideline value of Kamaraj Nagar is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 90 per sq.ft in 2007 to Rs 600 per sq.ft in 2012, then to Rs 402 per sq.ft in 2017, and has remained at Rs 600 per sq.ft in both 2023 and 2024.

What are the other streets in Neelamangalam with guideline values?

Other streets in Neelamangalam with guideline values include Kavalkaran Nagar and Jeeva Nagar at Rs 600 per sq.ft, K.C.R.Nagar and K.C.R. Nagar Phase -II at Rs 1,344 per sq.ft, Kesavan Garden at Rs 1,300 per sq.ft, and Kkr Nagar at Rs 900 per sq.ft.

What is the stamp duty rate for property in Kamaraj Nagar?

The stamp duty rate for property in Kamaraj Nagar is 7% of the guideline value or the sale price, whichever is higher.

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

The Gooduvancheri Sub Registrar Office covers Kamaraj Nagar, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.