Guideline Value

Corporate

Guideline Value for Kamarajapuram (Slum)

₹6000/sq.ft.

The guideline value for Kamarajapuram (slum) in Nungambakkam village (Chennai Central Joint Ii SRO, Chennai zone) is Rs 6000 per sq.ft, effective 1 July 2024. It was Rs 5500 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nungambakkam

Village

Chennai Central Joint II

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹6000 /sq.ft.
From 1-4-2023 ₹5500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3685 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹5500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1800 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No:5/9, Kavigar Bharathidasan Salai, Seethamalcolony ,cresent Street Alwarpet,chennai -600018
044-24331038
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Kamarajapuram (slum)

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Kamarajapuram (Slum) guideline value

The current guideline value of Kamarajapuram (Slum) is Rs 6,000 per sq.ft, effective from 1 July 2024. This area falls under Nungambakkam village and is governed by the Chennai Central Joint II SRO. The land classification for this street is Residential Class IV Type - I.

How the guideline value of Kamarajapuram (Slum) has changed

The guideline value for Kamarajapuram (Slum) has undergone several revisions over the years. In 2007, the guideline value was Rs 1,800 per sq.ft, which saw a significant increase to Rs 5,500 per sq.ft in 2012, marking a rise of 206%. However, it decreased to Rs 3,685 per sq.ft in 2017, reflecting a decline of 33%. The value then increased substantially to Rs 5,500 per sq.ft in 2023, followed by a further increase to the current rate of Rs 6,000 per sq.ft in 2024, which is a 9% rise from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 233%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Nungambakkam

In Nungambakkam, there are 270 streets under the Chennai Central Joint II SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 22,000 per sq.ft, with a median value of Rs 8,800 per sq.ft. The guideline value of Kamarajapuram (Slum) is below this median.

Stamp duty and registration fee for property in Kamarajapuram (Slum)

For a 1,000 sq.ft plot at the current guideline value of Rs 6,000 per sq.ft, the total guideline value amounts to Rs 60,00,000. The stamp duty at 7% would be Rs 4,20,000, and the registration fee at 2% would be Rs 1,20,000, making the total cost for these fees Rs 5,40,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kamarajapuram (Slum)?

The Kamarajapuram (Slum) area is covered by the Chennai Central Joint II Sub Registrar Office, located at No:5/9, Kavigar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Nungambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction, ensuring that both parties comply with the legal requirements.

When a property transaction occurs, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Kamarajapuram (Slum)?

The current guideline value of Kamarajapuram (Slum) is Rs 6,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2007 to Rs 6,000 per sq.ft in 2024, reflecting an overall increase of 233% over the years.

What are the other streets in Nungambakkam with the same guideline value?

Other streets in Nungambakkam with a guideline value of Rs 6,000 per sq.ft in 2024 include Kamarajapuram 1st Street, 2nd Street, 3rd Street, 4th Street, 5th Street, and 6th Street.

What is the registration fee for property in Kamarajapuram (Slum)?

The registration fee for property in Kamarajapuram (Slum) is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 60,00,000 would incur a registration fee of Rs 1,20,000 at 2%.

Where can I find the Sub Registrar Office for Kamarajapuram (Slum)?

The Sub Registrar Office covering Kamarajapuram (Slum) is located at No:5/9, Kavigar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.