Guideline Value for Kamaraj Street

Kamaraj Street guideline value

The current guideline value of Kamaraj Street in Thirumangalam village is Rs 3,300 per sq.ft, effective from 1 July 2024. This street falls under the jurisdiction of the AnnaNagar SRO and is classified as Residential Class II Type - I.

How the guideline value of Kamaraj Street has changed

Over the years, the guideline value of Kamaraj Street has undergone several revisions. The 2007 revision set the value at Rs 1,300 per sq.ft, which increased to Rs 3,000 per sq.ft in the 2012 revision. However, this figure decreased to Rs 2,010 per sq.ft in the 2017 revision. The 2023 revision saw a significant increase to Rs 3,000 per sq.ft, followed by the latest 2024 revision, which raised it to Rs 3,300 per sq.ft, marking a 10% increase from the previous year.

In summary, from the 2007 revision to the 2024 revision, the overall change in the guideline value is an increase of 154%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Thirumangalam

In Thirumangalam, there are 149 streets under the AnnaNagar SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 15,900 per sq.ft. The median guideline value for these streets is Rs 11,500 per sq.ft, placing Kamaraj Street's 2024 figure below that median.

• Kathiravan Colony: Rs 11,500 per sq.ft (2024)
• J- Block (West)-2nd Avenue 1961A Thirumani Amman Koil: Rs 15,900 per sq.ft (2024)
• I.O.B. Staff College: Rs 11,500 per sq.ft (2024)
• H Block west 9th Street: Rs 11,500 per sq.ft (2024)
• H Block west 8th Street: Rs 11,500 per sq.ft (2024)
• H Block west 7th Street: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in Kamaraj Street

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kamaraj Street?

The Sub Registrar Office that covers Kamaraj Street is the AnnaNagar 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 more information.

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

The guideline value is a crucial factor during the registration of property transactions in Thirumangalam. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the higher of the guideline value or the sale price.

When buying or selling property, it is essential to be aware of the current guideline value, as it impacts the overall cost of the transaction. Buyers should ensure that they are informed of the latest values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kamaraj Street?

The current guideline value of Kamaraj Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,300 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, representing an overall increase of 154% over the years.

What is the land classification for Kamaraj Street?

Kamaraj Street is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for Kamaraj Street?

The Sub Registrar Office for Kamaraj Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for properties in Kamaraj Street?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 33,00,000 would incur a stamp duty of Rs 2,31,000.