Guideline Value for Kamaraj Street (Moopanar Nagar)

Kamaraj Street (Moopanar Nagar) guideline value

The current guideline value of Kamaraj Street (Moopanar Nagar) is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village, under the jurisdiction of the Royapuram SRO, and is classified as Residential Class II Type - I.

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

In the 2017 revision, the guideline value for Kamaraj Street was set at Rs 804 per sq.ft. This figure saw a significant increase in the 2023 revision, rising to Rs 1,200 per sq.ft, marking a 49% increase over the six-year period. The latest 2024 revision has further increased the guideline value to Rs 1,300 per sq.ft, reflecting an 8% rise from the previous year.

Overall, from the 2017 revision to the 2024 revision, there has been a substantial increase of 62% in the guideline value. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median guideline value for these streets is Rs 1,600 per sq.ft, indicating that Kamaraj Street's 2024 figure is below this median.

• Kamaraj Salai: Rs 1,300 per sq.ft (2024)
• Kamaraj Nagar Main Road: Rs 1,300 per sq.ft (2024)
• Kamaraj Nagar 9th Street: Rs 1,300 per sq.ft (2024)
• Kamaraj Nagar 8th Street: Rs 1,300 per sq.ft (2024)
• Kamaraj Nagar 7th Street: Rs 1,300 per sq.ft (2024)
• Kamaraj Nagar 6th Street: Rs 1,300 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty is charged at 7%, which amounts to Rs 91,000, and the registration fee is charged at 2%, amounting to Rs 26,000. Together, the total cost for stamp duty and registration fee comes to Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

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

The Sub Registrar Office that covers Kamaraj Street (Moopanar Nagar) is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Tondaiarpet. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that all transactions are conducted transparently and fairly.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are essential costs associated with the transaction. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations during the registration process.

Frequently asked questions

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

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

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 804 per sq.ft to Rs 1,300 per sq.ft in 2024, representing a total increase of 62% over this period.

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

For a property valued at Rs 13,00,000, the stamp duty is Rs 91,000, and the registration fee is Rs 26,000, totaling Rs 1,17,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers this area?

The Royapuram Sub Registrar Office covers Kamaraj Street (Moopanar Nagar), located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

What is the median guideline value in Tondaiarpet?

The median guideline value for streets in Tondaiarpet is Rs 1,600 per sq.ft, which is higher than the current guideline value of Kamaraj Street (Moopanar Nagar).