Guideline Value for Kamaraj Street/Nagalkeni

Kamaraj Street/Nagalkeni guideline value

The current guideline value of Kamaraj Street/Nagalkeni is Rs 1,980 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 II Type - II.

How the guideline value of Kamaraj Street/Nagalkeni has changed

The guideline value for Kamaraj Street/Nagalkeni has seen significant changes over the years. In 2002, the guideline value was Rs 187 per sq.ft, which increased to Rs 212 per sq.ft in 2003, marking a 13% rise. The value then rose to Rs 570 per sq.ft in 2007, showing a substantial increase of 169%. By 2017, the value reached Rs 1,206 per sq.ft, reflecting a 112% increase from the previous revision. The register has no figure for this street in 2012.

Continuing this trend, the guideline value increased to Rs 1,800 per sq.ft in 2023, which was a 49% rise from 2017. The most recent revision in 2024 set the guideline value at Rs 1,980 per sq.ft, representing a 10% increase from 2023. Overall, from 2002 to 2024, the guideline value has increased by 959%.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO, with guideline values ranging from Rs 880 to Rs 3,300 per sq.ft in 2024. The median guideline value for these streets is Rs 2,090 per sq.ft, placing Kamaraj Street/Nagalkeni's 2024 figure below this median.

• Kamaraj Street / Muvendar Nagar: Rs 1,980 per sq.ft (2024)
• Kamaraj Street / Ponni Nagar: Rs 1,980 per sq.ft (2024)
• Kamaraj Street / Muthamzhi Nagar: Rs 2,475 per sq.ft (2024)
• Kamaraj Street / Gokulam Colony: Rs 2,750 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/Nagalkeni

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty, calculated at 7%, would be Rs 1,38,600, while the registration fee at 2% would be Rs 39,600. Together, these fees total Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamaraj Street/Nagalkeni?

The Sub Registrar Office covering Kamaraj Street/Nagalkeni is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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 a benchmark for determining the stamp duty and registration fees that are applicable during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the government receives the correct amount of revenue based on the value of the property being transacted.

Frequently asked questions

What is the current guideline value of Kamaraj Street/Nagalkeni?

The current guideline value of Kamaraj Street/Nagalkeni is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 187 per sq.ft in 2002 to Rs 1,980 per sq.ft in 2024, reflecting an overall increase of 959% over this period.

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600 and the registration fee would be Rs 39,600, totaling Rs 1,78,200.

Which office handles property registrations for Kamaraj Street/Nagalkeni?

The Pammal Sub Registrar Office is responsible for handling property registrations for Kamaraj Street/Nagalkeni, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification for Kamaraj Street/Nagalkeni?

Kamaraj Street/Nagalkeni is classified as Residential Class II Type - II, indicating its suitability for residential development.