Guideline Value for Kamaraj Street /Muthamzhi Nagar

Kamaraj Street /Muthamzhi Nagar guideline value

The current guideline value of Kamaraj Street /Muthamzhi Nagar is Rs 2,475 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal SRO, and is classified as Residential Class I Type - II.

How the guideline value of Kamaraj Street /Muthamzhi Nagar has changed

The guideline value for Kamaraj Street /Muthamzhi Nagar has seen significant changes over the years. In 2002, the guideline value was Rs 242 per sq.ft, which increased to Rs 274 per sq.ft in 2003, marking a 13% rise. The value then rose to Rs 360 per sq.ft in 2007, a 31% increase from the previous revision. Following this, the 2017 revision recorded a substantial jump to Rs 1,507 per sq.ft, reflecting a 319% increase. The guideline value further increased to Rs 2,250 per sq.ft in 2023, which was a 49% increase from 2017. The most recent revision in 2024 has set the guideline value at Rs 2,475 per sq.ft, a 10% increase from the previous year.

It is important to note that the register has no figure for Kamaraj Street /Muthamzhi Nagar for the year 2012. Overall, from 2002 to 2024, the guideline value has increased by 923%.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO that have a 2024 guideline value ranging from Rs 880 to Rs 3,300 per sq.ft, with a median value of Rs 2,090 per sq.ft. The guideline value for Kamaraj Street /Muthamzhi Nagar is above this median, indicating a higher valuation compared to many other streets in the area.

• Kamaraj Street / Gokulam Colony: Rs 2,750 per sq.ft (2024)
• Kamaraj Street / Muvendar Nagar: Rs 1,980 per sq.ft (2024)
• Kamaraj Street/Nagalkeni: Rs 1,980 per sq.ft (2024)
• Kamaraj Street / Ponni Nagar: Rs 1,980 per sq.ft (2024)
• Kamaraj Ngar, Thiruneermalai Road: Rs 1,980 per sq.ft (2024)
• Kamaraj Nagar (3rd Street): Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Kamaraj Street /Muthamzhi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,475 per sq.ft, the total guideline value would be Rs 24,75,000. The stamp duty at 7% would amount to Rs 1,73,250, and the registration fee at 2% would be Rs 49,500. Together, the total cost for stamp duty and registration fees would be Rs 2,22,750. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Kamaraj Street /Muthamzhi Nagar?

The Sub Registrar Office that covers Kamaraj Street /Muthamzhi Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value is a critical factor in the registration process when buying or selling property in Pammal. It serves as the basis for calculating stamp duty and registration fees, which are mandatory costs incurred during property transactions.

When a property is registered, the guideline value is used to ensure that the transaction is recorded at a value that reflects the official pricing set by the government. This helps maintain transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value of Kamaraj Street /Muthamzhi Nagar?

The current guideline value of Kamaraj Street /Muthamzhi Nagar is Rs 2,475 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 242 per sq.ft in 2002 to Rs 2,475 per sq.ft in 2024, representing an overall increase of 923% over the years.

What is the stamp duty for property in Kamaraj Street /Muthamzhi Nagar?

The stamp duty for property in Kamaraj Street /Muthamzhi Nagar is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Kamaraj Street /Muthamzhi Nagar located?

The Sub Registrar Office covering Kamaraj Street /Muthamzhi Nagar is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

What is the median guideline value in Pammal?

The median guideline value in Pammal is Rs 2,090 per sq.ft, with Kamaraj Street /Muthamzhi Nagar's value of Rs 2,475 per sq.ft being above this median.