Guideline Value for Kamarajar Nagar (Bhavani Nagar)

Kamarajar Nagar (Bhavani Nagar) guideline value

The current guideline value of Kamarajar Nagar (Bhavani Nagar) is Rs 660 per sq.ft, effective from 1 July 2024. This area is located in Padiyanallur village, under the jurisdiction of the Redhills SRO, and is classified as Residential Class II Type - I.

How the guideline value of Kamarajar Nagar (Bhavani Nagar) has changed

Over the years, the guideline value of Kamarajar Nagar has seen several revisions. The earliest recorded figure is from 2007, when the guideline value was Rs 300 per sq.ft. This increased to Rs 600 per sq.ft in 2012, marking a 100% rise. However, by 2017, the value dropped to Rs 402 per sq.ft, reflecting a decrease of 33%. The value then rose significantly to Rs 600 per sq.ft in 2023, before reaching the current figure of Rs 660 per sq.ft in 2024, which is a 10% increase from the previous year. Overall, from 2007 to 2024, the guideline value has increased by 120%.

The register does not provide figures for the years 2002 and 2003 for this street. The 2024 revision sets the guideline value at Rs 660 per sq.ft, a notable increase from Rs 600 per sq.ft in 2023, and Rs 402 per sq.ft in 2017.

Guideline values in Padiyanallur

Padiyanallur village has a total of 132 streets under the Redhills SRO, with guideline values ranging from Rs 385 to Rs 2,750 per sq.ft. The median guideline value for the village is Rs 770 per sq.ft, placing Kamarajar Nagar's 2024 figure below this median.

• Kamarajar Nagar Periya Road: Rs 385 per sq.ft (2024)
• Kamarajar Street (M.A.Nagar): Rs 770 per sq.ft (2024)
• Kalpaga Nagar: Rs 1,320 per sq.ft (2024)
• Kalanchinathan Street: Rs 660 per sq.ft (2024)
• Kalaivanar Street: Rs 770 per sq.ft (2024)
• Kambar Street: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Kamarajar Nagar (Bhavani Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, while the registration fee at 2% would be Rs 13,200. Together, the total cost for stamp duty and registration fees would be Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamarajar Nagar (Bhavani Nagar)?

Kamarajar Nagar (Bhavani Nagar) falls under the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Padiyanallur. It serves as a benchmark for determining the minimum value of a property, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. This value is used to calculate the applicable stamp duty and registration fees, which are essential components of the property transaction process.

Frequently asked questions

What is the current guideline value of Kamarajar Nagar (Bhavani Nagar)?

The current guideline value of Kamarajar Nagar (Bhavani Nagar) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 660 per sq.ft in 2024, representing a total increase of 120% over the years.

What are the other streets in Padiyanallur with their guideline values?

Other streets in Padiyanallur include Kamarajar Nagar Periya Road at Rs 385 per sq.ft, Kamarajar Street (M.A.Nagar) at Rs 770 per sq.ft, Kalpaga Nagar at Rs 1,320 per sq.ft, Kalanchinathan Street at Rs 660 per sq.ft, Kalaivanar Street at Rs 770 per sq.ft, and Kambar Street at Rs 770 per sq.ft.

What are the stamp duty and registration fees for a property in Kamarajar Nagar?

For a 1,000 sq.ft property valued at Rs 6,60,000, the stamp duty would be Rs 46,200 and the registration fee would be Rs 13,200, totaling Rs 59,400.

Where is the Redhills Sub Registrar Office located?

The Redhills Sub Registrar Office is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.