Guideline Value for Kamarajapuram 5th Street

Kamarajapuram 5th Street guideline value

The current guideline value of Kamarajapuram 5th Street is Rs 6,000 per sq.ft, effective from 1 July 2024. This street is located in Nungambakkam village and falls under the Chennai Central Joint II SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Kamarajapuram 5th Street has changed

The guideline value for Kamarajapuram 5th Street has seen several revisions over the years. In 2007, the value was Rs 1,800 per sq.ft, which increased significantly to Rs 5,500 per sq.ft in 2012. However, it then decreased to Rs 3,685 per sq.ft in 2017. The value rose again to Rs 5,500 per sq.ft in 2023 and has now reached Rs 6,000 per sq.ft in the 2024 revision, marking a 9% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 233%. The revisions for the years 2002 and 2003 do not have figures listed for this street.

Guideline values in Nungambakkam

In Nungambakkam, there are 270 streets under the Chennai Central Joint II SRO, with guideline values ranging from Rs 3,300 to Rs 22,000 per sq.ft. The median guideline value for these streets is Rs 8,800 per sq.ft, and Kamarajapuram 5th Street's 2024 figure is below this median.

• Kamarajapuram 4th Street: Rs 6,000 per sq.ft (2024)
• Kamarajapuram 6th Street: Rs 6,000 per sq.ft (2024)
• Kamarajapuram 3rd Street: Rs 6,000 per sq.ft (2024)
• Kamarajapuram 2nd Street: Rs 6,000 per sq.ft (2024)
• Kamarajapuram 1st Street: Rs 6,000 per sq.ft (2024)
• Kamala Street: Rs 7,700 per sq.ft (2024)

Stamp duty and registration fee for property in Kamarajapuram 5th Street

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

Which Sub Registrar Office covers Kamarajapuram 5th Street?

The Sub Registrar Office that covers Kamarajapuram 5th Street is 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

When buying or selling property in Nungambakkam, the guideline value plays a crucial role in determining the stamp duty and registration fees. These fees are calculated based on the guideline value set by the government, ensuring that the transaction is recorded accurately and legally.

The guideline value is essential for property transactions as it helps standardize property valuations. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations and to avoid any potential disputes during the registration process.

Frequently asked questions

What is the current guideline value of Kamarajapuram 5th Street?

The current guideline value of Kamarajapuram 5th Street 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 is the median guideline value in Nungambakkam?

The median guideline value for streets in Nungambakkam is Rs 8,800 per sq.ft, which is higher than the guideline value of Kamarajapuram 5th Street.

What are the stamp duty and registration fees for Kamarajapuram 5th Street?

For a property valued at Rs 60,00,000, the stamp duty would be Rs 4,20,000 and the registration fee would be Rs 1,20,000, totaling Rs 5,40,000.

Where can I find the Sub Registrar Office for Kamarajapuram 5th Street?

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