Guideline Value for Kamarajar Nagar 1st Street

Kamarajar Nagar 1st Street guideline value

The current guideline value of Kamarajar Nagar 1st Street is Rs 1,550 per sq.ft, effective from 1 July 2024. This street is located in Thirunageswaram village under the Kunrathur SRO, and is classified as Residential Special Type - II.

How the guideline value of Kamarajar Nagar 1st Street has changed

The guideline value for Kamarajar Nagar 1st Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,400 per sq.ft, which was a decrease of 33% from the Rs 938 per sq.ft recorded in the 2017 revision. The value then increased to Rs 1,400 per sq.ft in the 2023 revision, before rising to the current Rs 1,550 per sq.ft in the 2024 revision, marking an 11% increase.

Overall, from 2012 to 2024, the guideline value has increased by 11%. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Thirunageswaram

In Thirunageswaram, there are 105 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 2,000 per sq.ft. The median value for these streets is Rs 1,550 per sq.ft, which is equal to the current guideline value for Kamarajar Nagar 1st Street.

• Kamarajar Nagar 2nd Street: Rs 1,550 per sq.ft (2024)
• Kamarajar Nagar 3rd Street: Rs 1,550 per sq.ft (2024)
• Kamarajar Nagar: Rs 1,550 per sq.ft (2024)
• Kanniappan Nagar Balathandayutham Street: Rs 1,550 per sq.ft (2024)
• Kanniappan Nagar Bharathi Street: Rs 1,550 per sq.ft (2024)
• Kanniappan Nagar Jeeva Street: Rs 1,550 per sq.ft (2024)

Stamp duty and registration fee for property in Kamarajar Nagar 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,550 per sq.ft, the total guideline value would be Rs 15,50,000. The stamp duty at 7% would amount to Rs 1,08,500, and the registration fee at 2% would be Rs 31,000, bringing the total to Rs 1,39,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Kamarajar Nagar 1st Street?

The Kamarajar Nagar 1st Street falls under the jurisdiction of the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO online for more information.

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

The guideline value is a crucial factor when registering property in Thirunageswaram. It helps determine the stamp duty and registration fees applicable during the sale or purchase of property. Buyers and sellers must be aware of these values to ensure compliance with local regulations.

When a property is sold, the guideline value serves as a benchmark for calculating the taxes owed. It is essential for both buyers and sellers to understand that the guideline value may affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Kamarajar Nagar 1st Street?

The current guideline value of Kamarajar Nagar 1st Street is Rs 1,550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,400 per sq.ft in 2023 to Rs 1,550 per sq.ft in 2024, an increase of 11%. It was Rs 938 per sq.ft in 2017 and Rs 1,400 per sq.ft in 2012.

What is the land classification of Kamarajar Nagar 1st Street?

Kamarajar Nagar 1st Street is classified as Residential Special Type - II, indicating its suitability for residential purposes.

Where can I find the registration office for Kamarajar Nagar 1st Street?

The registration office for Kamarajar Nagar 1st Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for properties in Kamarajar Nagar 1st Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a plot of 1,000 sq.ft at the guideline value of Rs 1,550 per sq.ft would incur a stamp duty of Rs 1,08,500.