Guideline Value for Kamaraj Nagar

Kamaraj Nagar guideline value

The current guideline value of Kamaraj Nagar, located in Kilkattalai village under the Pallavaram SRO, is Rs 3,080 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

Over the years, the guideline value of Kamaraj Nagar has seen significant changes. The earliest recorded revision is from 2003, where the guideline value was Rs 96 per sq.ft. This increased to Rs 600 per sq.ft in 2007, marking a substantial rise of 525%. In 2012, it remained stable at Rs 2,800 per sq.ft, a notable increase of 367% from the previous revision. However, in 2017, the value dropped to Rs 1,876 per sq.ft, reflecting a decrease of 33%. The value then rose to Rs 2,800 per sq.ft in 2023, and subsequently increased by 10% to the current rate of Rs 3,080 per sq.ft in 2024.

Overall, from 2003 to 2024, the guideline value has increased by 3108%. The register has no figure for the year 2002 for this street.

Guideline values in Kilkattalai

Kilkattalai village has a total of 194 streets under the Pallavaram SRO, with guideline values for 2024 ranging from Rs 1,080 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 2,530 per sq.ft, placing Kamaraj Nagar's 2024 figure above that median.

• Kamaraj Nagar, Rajiv Gandhi Street: Rs 3,080 per sq.ft (2024)
• Kambar Street: Rs 1,980 per sq.ft (2024)
• Kalaivani Street: Rs 2,200 per sq.ft (2024)
• Kalaivani 1st To 3rdcross Street: Rs 1,980 per sq.ft (2024)
• Kasi Visalakshipuram: Rs 2,530 per sq.ft (2024)
• Kasi Visalatchi Puram: Rs 2,530 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 3,080 per sq.ft, the total guideline value would be Rs 30,80,000. The stamp duty at 7% would amount to Rs 2,15,600, and the registration fee at 2% would be Rs 61,600, bringing the total charges to Rs 2,77,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kamaraj Nagar?

The Kamaraj Nagar area is covered by the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration process of property transactions in Kilkattalai. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency and fairness in property dealings.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees that need to be paid. This ensures that all transactions are recorded at a value that reflects the current market conditions, safeguarding the interests of both buyers and sellers.

Frequently asked questions

What is the current guideline value of Kamaraj Nagar?

The current guideline value of Kamaraj Nagar is Rs 3,080 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 96 per sq.ft in 2003 to Rs 3,080 per sq.ft in 2024, reflecting an overall increase of 3108% over this period.

What is the land classification for Kamaraj Nagar?

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

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

The stamp duty is charged at 7%, and the registration fee is 2%. For a property valued at Rs 30,80,000, the total fees would be Rs 2,77,200.

Where is the Sub Registrar Office for Kamaraj Nagar located?

The Pallavaram Sub Registrar Office is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone.