Guideline Value for Kamaraj Street (Ethiraj Nagar)

Kamaraj Street (Ethiraj Nagar) guideline value

The current guideline value of Kamaraj Street (Ethiraj Nagar) is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village and falls under the Ashok Nagar SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Kamaraj Street (Ethiraj Nagar) has changed

In the 2012 revision, the guideline value was Rs 5,000 per sq.ft. This figure remained unchanged in the 2023 revision. However, in the latest 2024 revision, the guideline value increased to Rs 5,500 per sq.ft, marking a 10% increase from the previous year. Overall, from 2012 to 2024, the guideline value has risen by 10%.

The register has no figures for the years 2002, 2003, 2007, and 2017 regarding this street. Therefore, the only revisions that reflect the guideline value are from 2012, 2023, and 2024.

Guideline values in Kodambakkam

Kodambakkam village has a total of 1,031 streets under the Ashok Nagar SRO, with guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft as of 2024. The median guideline value for these streets is Rs 4,900 per sq.ft, placing Kamaraj Street (Ethiraj Nagar) above this median.

• Kamatchipuram 1st Street: Rs 6,600 per sq.ft (2024)
• Kamatchipuram 2nd Street: Rs 6,600 per sq.ft (2024)
• Kamaraj Colony Block 80: Rs 4,100 per sq.ft (2024)
• Kambar Street Block 85 (JPT): Rs 4,900 per sq.ft (2024)
• Kamaraj Colony: Rs 4,100 per sq.ft (2024)
• Kambar Street (M.G.R.Nagar): Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kamaraj Street (Ethiraj Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value amounts to Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, resulting in a total cost of Rs 4,95,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamaraj Street (Ethiraj Nagar)?

Kamaraj Street (Ethiraj Nagar) is covered by the Ashok Nagar 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 further assistance.

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

The guideline value serves as a benchmark for property transactions in Kodambakkam. It is used to determine the stamp duty and registration fees applicable when buying or selling property in the area.

When a property is registered, the guideline value is considered to ensure that the appropriate fees are collected. This helps maintain transparency in property transactions and ensures that the government receives the correct revenue from sales.

Frequently asked questions

What is the current guideline value of Kamaraj Street (Ethiraj Nagar)?

The current guideline value of Kamaraj Street (Ethiraj Nagar) is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 5,000 per sq.ft in 2012 to Rs 5,000 per sq.ft in 2023, and then increased to Rs 5,500 per sq.ft in 2024, resulting in a 10% increase from 2023 to 2024.

What is the land classification for Kamaraj Street (Ethiraj Nagar)?

Kamaraj Street (Ethiraj Nagar) is classified as Residential Class III Type - I, indicating its suitability for residential purposes.

What is the stamp duty rate applicable for properties in Kamaraj Street (Ethiraj Nagar)?

The stamp duty rate applicable for properties in Kamaraj Street (Ethiraj Nagar) is 7%, which is calculated based on the higher of the guideline value or the sale price.

Where can I find the Ashok Nagar Sub Registrar Office?

The Ashok Nagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.