Guideline Value for Kamaraj Street

Kamaraj Street guideline value

The current guideline value of Kamaraj Street in Mannurpet village is Rs 1,100 per sq.ft, effective from 1 July 2024. This street falls under the Konnur SRO and is classified as Residential Class III Type - I.

How the guideline value of Kamaraj Street has changed

The guideline value for Kamaraj Street has undergone several revisions over the years. As of the 2007 revision, the value was Rs 400 per sq.ft. This increased significantly to Rs 1,000 per sq.ft in the 2012 revision, followed by a decrease to Rs 670 per sq.ft in 2017. The 2023 revision set the value at Rs 1,000 per sq.ft, which then rose to Rs 1,100 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

In summary, the changes between revisions show a +150% increase from 2007 to 2012, a -33% decrease from 2012 to 2017, a +49% increase from 2017 to 2023, and a +10% increase from 2023 to 2024. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Mannurpet

In Mannurpet, there are 38 streets under the Konnur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 6,600 per sq.ft, with a median value of Rs 1,300 per sq.ft. Kamaraj Street's 2024 figure is below this median.

• Kamaraj Street I Cross Street: Rs 1,100 per sq.ft (2024)
• Kamaraj Street II Cross Street: Rs 1,100 per sq.ft (2024)
• Kamaraj Nagar I Street: Rs 1,100 per sq.ft (2024)
• Kamaraj Nagar II Street: Rs 1,100 per sq.ft (2024)
• Kamaraj Nagar: Rs 1,100 per sq.ft (2024)
• Ishravel Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Kamaraj Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamaraj Street?

Kamaraj Street is covered by the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Mannurpet. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps both parties understand the minimum value for which the property can be registered. This ensures transparency in transactions and helps in maintaining a standard valuation across the area.

Frequently asked questions

What is the current guideline value of Kamaraj Street?

The current guideline value of Kamaraj Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting a total increase of 175% over this period.

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

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which office handles registrations for Kamaraj Street?

The Konnur Sub Registrar Office handles registrations for Kamaraj Street, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

What is the land classification for Kamaraj Street?

Kamaraj Street is classified as Residential Class III Type - I, indicating its suitability for residential development.