Guideline Value for Kamaraj Street (Block no 11)

Kamaraj Street (Block no 11) guideline value

The current guideline value of Kamaraj Street (Block no 11) is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village and falls under the AnnaNagar SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Kamaraj Street (Block no 11) has changed

The guideline value of Kamaraj Street has seen several revisions over the years. In 2007, the guideline value was Rs 1,200 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012. However, this figure dropped to Rs 2,010 per sq.ft in 2017. The 2023 revision saw a rise to Rs 3,000 per sq.ft, and the most recent revision in 2024 brought it to Rs 3,300 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 175%. The register has no figure for the years 2002 and 2003 for this street.

Guideline values in Ayanavaram

Ayanavaram has a total of 369 streets under the AnnaNagar SRO, with 2024 guideline values ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median guideline value for these streets is Rs 4,900 per sq.ft, placing Kamaraj Street's 2024 figure below this median.

• Kamaraj Street (GKM Colony) Chennai 82: Rs 4,400 per sq.ft (2024)
• Kamaraj nagar: Rs 3,300 per sq.ft (2024)
• Kambar Street, Chennai 82: Rs 4,400 per sq.ft (2024)
• Kariamanicka PerumalKoil lane: Rs 4,400 per sq.ft (2024)
• Kariamanicka PerumalKoil Street: Rs 3,300 per sq.ft (2024)
• Kakkanji Street, Chennai 82: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Kamaraj Street (Block no 11)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. 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 detailed calculations.

Which Sub Registrar Office covers Kamaraj Street (Block no 11)?

The Sub Registrar Office that covers Kamaraj Street (Block no 11) is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

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

When buying or selling property in Ayanavaram, the guideline value plays a crucial role in determining the stamp duty and registration fees. The guideline value is set by the government and is used as a reference point for these calculations during the registration process.

It is essential for buyers and sellers to be aware of the current guideline value as it directly impacts the costs associated with property transactions. This ensures that all parties involved are informed of the financial implications when engaging in real estate activities.

Frequently asked questions

What is the current guideline value of Kamaraj Street (Block no 11)?

The current guideline value of Kamaraj Street (Block no 11) is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 175% over the years.

What is the registration office for Kamaraj Street (Block no 11)?

The registration office for Kamaraj Street (Block no 11) is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2% of the guideline value or sale price.

What is the median guideline value in Ayanavaram?

The median guideline value in Ayanavaram is Rs 4,900 per sq.ft, with Kamaraj Street's 2024 figure being below this median.