Guideline Value for Kamarajar Nagar (North)Amarar Jeeva Street

Kamarajar Nagar (North)Amarar Jeeva Street guideline value

The current guideline value of Kamarajar Nagar (North)Amarar Jeeva Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Kadaperi village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Kamarajar Nagar (North)Amarar Jeeva Street has changed

The guideline value for Kamarajar Nagar (North)Amarar Jeeva Street has undergone several revisions over the years. In 2007, the guideline value was Rs 600 per sq.ft. This increased to Rs 1,500 per sq.ft in 2012, but then decreased to Rs 1,005 per sq.ft in 2017. The value saw a significant rise to Rs 1,500 per sq.ft in the 2023 revision, and it has now reached Rs 1,650 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 175%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Kadaperi

In Kadaperi village, there are 142 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 7,700 per sq.ft. The median guideline value is Rs 1,650 per sq.ft, which is equal to the 2024 figure for Kamarajar Nagar (North)Amarar Jeeva Street.

• Kamachi Nagar 3rd Cross St: Rs 2,750 per sq.ft (2024)
• Kamachi Nagar 2-nd St: Rs 2,750 per sq.ft (2024)
• Kamachi Nagar 1-st St: Rs 2,750 per sq.ft (2024)
• Kalyana Sundaram Street: Rs 1,320 per sq.ft (2024)
• kalangal Street: Rs 880 per sq.ft (2024)
• Kamatchi Nagar: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Kamarajar Nagar (North)Amarar Jeeva Street

For a 1,000 sq.ft plot at the current rate of Rs 1,650 per sq.ft, the guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, while the registration fee at 2% would be Rs 33,000. Together, the total cost would be Rs 1,48,500. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kamarajar Nagar (North)Amarar Jeeva Street?

The Sub Registrar Office that covers Kamarajar Nagar (North)Amarar Jeeva Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Kadaperi. It serves as the basis for calculating the stamp duty and registration fees that need to be paid during the transaction. Buyers should be aware that these costs are determined by the guideline value or the sale price, whichever is higher.

When registering a property, the guideline value ensures that the transaction is documented at a fair value, reflecting the current market conditions. This helps maintain transparency in property transactions and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value of Kamarajar Nagar (North)Amarar Jeeva Street?

The current guideline value of Kamarajar Nagar (North)Amarar Jeeva Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 600 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, showing an overall increase of 175% over this period.

What is the land classification for Kamarajar Nagar (North)Amarar Jeeva Street?

The land classification for Kamarajar Nagar (North)Amarar Jeeva Street is Residential Class I Type - II.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Kamarajar Nagar (North)Amarar Jeeva Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, mes Road, East Tambaram, Chennai-600059.

How is stamp duty calculated for properties in Kadaperi?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. The current stamp duty rate is 7%, while the registration fee is 2% of the guideline value.