Guideline Value

Corporate

Guideline Value for Kamaraj Nagar

₹250/sq.ft.

The guideline value for Kamaraj Nagar in Mudhukoor village (Sunguvarchattram SRO, Chengalpattu zone) is Rs 250 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Mudhukoor

Village

Sunguvarchattram

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹250 /sq.ft.
From 1-4-2023 ₹250 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹167 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹250 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Vadivamal Nagar Kandigai Road Caparo Company Opp,sunguvarchatram
044_29592196
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Kamaraj Nagar

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Kamaraj Nagar guideline value

The current guideline value of Kamaraj Nagar, located in Mudhukoor village, is Rs 250 per sq.ft, effective from the 2024 revision, which will be in effect from 1 July 2024. This area falls under the Sunguvarchattram SRO and is classified as Residential Class I Type - I.

How the guideline value of Kamaraj Nagar has changed

The guideline value for Kamaraj Nagar has experienced several revisions over the years. The 2012 revision set the value at Rs 250 per sq.ft, which was a decrease of 33% from the 2017 revision that had the value at Rs 167 per sq.ft. The 2023 revision maintained the value at Rs 250 per sq.ft, and the upcoming 2024 revision will also keep it at Rs 250 per sq.ft, indicating no change from the previous year.

From the 2017 revision to the 2023 revision, there was an increase of 50%. Overall, comparing the 2012 revision to the 2024 revision, the guideline value remains unchanged at Rs 250 per sq.ft.

Guideline values in Mudhukoor

Mudhukoor village features 29 streets under the Sunguvarchattram SRO, with guideline values ranging from Rs 200 to Rs 448 per sq.ft. The median guideline value for these streets is Rs 200 per sq.ft, placing Kamaraj Nagar's 2024 figure above that median.

Stamp duty and registration fee for property in Kamaraj Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value would be Rs 2,50,000. The stamp duty at 7% would amount to Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total cost for these fees to Rs 22,500. 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 accurate calculations based on your specific property details.

Which Sub Registrar Office covers Kamaraj Nagar?

Kamaraj Nagar is covered by the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, 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 Mudhukoor

The guideline value plays a crucial role in the registration process of property transactions in Mudhukoor. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that both parties are aware of the financial obligations involved in the transaction.

During the registration process, the guideline value is assessed to ensure compliance with local regulations. Buyers should be prepared to pay the stamp duty and registration fees based on the higher of the guideline value or the sale price, which helps maintain transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Kamaraj Nagar?

The current guideline value of Kamaraj Nagar is Rs 250 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 the most recent being Rs 250 per sq.ft in both 2023 and 2024. The 2017 revision was Rs 167 per sq.ft, and the 2012 revision was Rs 250 per sq.ft.

What is the land classification of Kamaraj Nagar?

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

Where is the Sub Registrar Office for Kamaraj Nagar located?

The Sub Registrar Office covering Kamaraj Nagar is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is the stamp duty calculated for property in Kamaraj Nagar?

Stamp duty for property in Kamaraj Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.