Guideline Value for Kamaraj nagar

Kamaraj nagar guideline value

The current guideline value for Kamaraj nagar, located in Ayanavaram village under the AnnaNagar SRO, is Rs 3,300 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - II land classification.

How the guideline value of Kamaraj nagar has changed

The guideline value for Kamaraj nagar has seen several revisions over the years. In 2002, the value was Rs 549 per sq.ft, which increased to Rs 616 per sq.ft in 2003. Following this, the value rose significantly to Rs 1,200 per sq.ft in 2007, marking a 95% increase. The next revision in 2012 saw a drop to Rs 3,000 per sq.ft, a decrease of 33%. In 2017, the value rebounded to Rs 2,010 per sq.ft, and then it further increased to Rs 3,000 per sq.ft in 2023. The most recent revision in 2024 has set the guideline value at Rs 3,300 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 501%. There are no figures available for the years not mentioned in the revisions for this street.

Guideline values in Ayanavaram

Ayanavaram has a total of 369 streets under the AnnaNagar SRO, with guideline values ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median guideline value for the village is Rs 4,900 per sq.ft, indicating that Kamaraj nagar's 2024 figure is below that median.

• Kamaraj Street (Block no 11): Rs 3,300 per sq.ft (2024)
• Kamaraj Street (GKM Colony) Chennai 82: Rs 4,400 per sq.ft (2024)
• Kambar Street, Chennai 82: Rs 4,400 per sq.ft (2024)
• Kariamanicka PerumalKoil lane: Rs 4,400 per sq.ft (2024)
• Kariamanicka PerumalKoil Street: Rs 3,300 per sq.ft (2024)
• Karunanidhi Nagar: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kamaraj nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, making the total cost Rs 2,97,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kamaraj nagar?

The Kamaraj nagar area is covered by the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role when buying or selling property in Ayanavaram. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers should be aware that the guideline value is often considered the minimum value for transaction purposes.

When a property is sold, the guideline value helps ensure that the transaction is registered at a fair value, preventing undervaluation. This process helps maintain transparency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Kamaraj nagar?

The current guideline value of Kamaraj nagar 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 549 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, reflecting a significant overall increase of 501% over the years.

Where can I find the registration office for Kamaraj nagar?

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

What are the stamp duty and registration fees for a property in Kamaraj nagar?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

What is the land classification for Kamaraj nagar?

Kamaraj nagar is classified as Residential Class II Type - II under the current guidelines.