Guideline Value for Kamaraj Nagar

Kamaraj Nagar guideline value

The current guideline value of Kamaraj Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Kolathur village, under the Sriperumpudur Sub Registrar Office (SRO), and is classified as Residential Special Type - I.

How the guideline value of Kamaraj Nagar has changed

The guideline value for Kamaraj Nagar has seen several revisions over the years. The 2007 revision set the value at Rs 171 per sq.ft, which increased to Rs 300 per sq.ft in 2012. However, from 2012 to 2017, the value decreased by 33% to Rs 201 per sq.ft. The 2023 revision maintained the value at Rs 300 per sq.ft, and this figure remains unchanged in the 2024 revision, showing a 0% change.

Overall, from 2007 to 2024, the guideline value has increased by 75%. The 2017 to 2023 period saw a significant increase of 49%, while the value remained stable between 2023 and 2024.

Guideline values in Kolathur

In Kolathur, there are 45 streets under the Sriperumpudur SRO, with guideline values ranging from Rs 100 to Rs 1,300 per sq.ft. The median guideline value is Rs 250 per sq.ft, making Kamaraj Nagar's 2024 figure of Rs 300 per sq.ft above the median.

• Ideal Forms: Rs 200 per sq.ft (2024)
• Lakshmi Nagar: Rs 250 per sq.ft (2024)
• Guberan Garden: Rs 300 per sq.ft (2024)
• Laskhmi Land: Rs 250 per sq.ft (2024)
• Main Road: Rs 600 per sq.ft (2024)
• G.E.C Nagar: Rs 150 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 300 per sq.ft, the guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kamaraj Nagar?

Kamaraj Nagar is covered by the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Kolathur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is considered to ensure that the transaction reflects a fair valuation. This helps in maintaining transparency and accountability in property dealings within the region.

Frequently asked questions

What is the current guideline value of Kamaraj Nagar?

The current guideline value of Kamaraj Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with significant changes between 2017 and 2023, where it increased by 49%. Overall, from 2007 to 2024, the guideline value increased by 75%.

What is the land classification of Kamaraj Nagar?

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

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

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 and the registration fee would be Rs 6,000, totaling Rs 27,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles property registration for Kamaraj Nagar?

The Sriperumpudur Sub Registrar Office handles property registration for Kamaraj Nagar, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.