Guideline Value for Kamaraj Street (GKM Colony) Chennai 82

Kamaraj Street (GKM Colony) Chennai 82 guideline value

The current guideline value of Kamaraj Street (GKM Colony) Chennai 82 is Rs 4,400 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 - I.

How the guideline value of Kamaraj Street (GKM Colony) Chennai 82 has changed

The guideline value of Kamaraj Street has seen several revisions over the years. The 2007 revision set the value at Rs 1,200 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012. However, this value dropped to Rs 2,680 per sq.ft in 2017. The 2023 revision raised it to Rs 4,000 per sq.ft, and the most recent 2024 revision has increased it further to Rs 4,400 per sq.ft. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

From 2017 to 2023, the value increased by 49%, and from 2023 to 2024, it rose by 10%. The value experienced a remarkable increase of 233% from 2007 to 2012, followed by a decrease of 33% from 2012 to 2017. Overall, from 2007 to 2024, the guideline value has increased by 267%.

Guideline values in Ayanavaram

Ayanavaram has a total of 369 streets under the AnnaNagar SRO, with 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 (Block no 11): Rs 3,300 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 (GKM Colony) Chennai 82

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, while the registration fee at 2% would be Rs 88,000. Together, the total cost for these fees would be Rs 3,96,000. It is important to note that 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 information on fees applicable to your property transaction.

Which Sub Registrar Office covers Kamaraj Street (GKM Colony) Chennai 82?

The Sub Registrar Office that covers Kamaraj Street (GKM Colony) Chennai 82 is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Ayanavaram. It is used as a basis for calculating stamp duty and registration fees when a property is bought or sold. This ensures that the transaction is registered at a value that reflects the current market conditions as determined by the government.

When you register a property, the guideline value is compared to the sale price, and the higher of the two is used for calculating the applicable duties. This practice helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Kamaraj Street (GKM Colony) Chennai 82?

The current guideline value of Kamaraj Street (GKM Colony) Chennai 82 is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 1,200 per sq.ft in 2007, increasing to Rs 4,400 per sq.ft by 2024, with various fluctuations in between.

What is the median guideline value in Ayanavaram?

The median guideline value for streets in Ayanavaram is Rs 4,900 per sq.ft, which means Kamaraj Street's 2024 figure is below this median.

What are the stamp duty and registration fees for properties in Kamaraj Street?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which office handles registrations for Kamaraj Street?

The AnnaNagar Sub Registrar Office handles registrations for Kamaraj Street (GKM Colony) Chennai 82, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.