Guideline Value for Kamarajar Nagar 1st street

Kamarajar Nagar 1st street guideline value

The current guideline value of Kamarajar Nagar 1st street is Rs 3,400 per sq.ft, effective from 1 July 2024. This street is located in Egmore village and falls under the Periamet SRO with a land classification of Residential Class III Type - II.

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

The guideline value for Kamarajar Nagar 1st street has undergone several revisions over the years. The earliest recorded figure is from 2003, where the guideline value was Rs 603 per sq.ft. This increased to Rs 1,000 per sq.ft in 2007, marking a significant rise of 66%. Following this, the value jumped to Rs 3,100 per sq.ft in 2012, reflecting a substantial increase of 210%. However, it then decreased to Rs 2,077 per sq.ft in 2017, showing a decline of 33%. The guideline value rose again to Rs 3,100 per sq.ft in 2023, and currently stands at Rs 3,400 per sq.ft from the 2024 revision, which is a 10% increase from the previous year.

It is important to note that the register has no figure for Kamarajar Nagar 1st street in 2002. Overall, from 2003 to 2024, the guideline value has increased by 464%, demonstrating the fluctuations in property valuation over the years.

Guideline values in Egmore

In Egmore village, there are a total of 465 streets under the Periamet SRO, with guideline values ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median guideline value for these streets is Rs 7,100 per sq.ft, indicating that the guideline value for Kamarajar Nagar 1st street is below this median.

• Kamarajar Nagar 2nd street: Rs 3,400 per sq.ft (2024)
• Kamarajar Nagar: Rs 3,400 per sq.ft (2024)
• Kamarajar Nagar 3rd street: Rs 3,400 per sq.ft (2024)
• Kamarajar Nagar 4th street: Rs 3,400 per sq.ft (2024)
• Kamarajar Nagar 5th street: Rs 3,400 per sq.ft (2024)
• Kancheepuram Pachiyappan 1st lane: Rs 4,400 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 3,400 per sq.ft, the total guideline value would be Rs 34,00,000. The stamp duty at 7% would amount to Rs 2,38,000, and the registration fee at 2% would be Rs 68,000. Together, this amounts to Rs 3,06,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Kamarajar Nagar 1st street?

The Sub Registrar Office that covers Kamarajar Nagar 1st street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Egmore. It is used to determine the stamp duty and registration fees that buyers and sellers must pay when transferring property ownership. The guideline value helps ensure that the registration process is transparent and standardized across various properties.

When buying or selling property, it is essential to be aware of the current guideline value, as it can significantly impact the overall costs involved in the transaction. Buyers should ensure that they are prepared to pay the necessary fees based on this value to avoid any complications during the registration process.

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 3,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 603 per sq.ft in 2003 to Rs 3,400 per sq.ft in 2024, reflecting an overall increase of 464% over the years.

What is the land classification for Kamarajar Nagar 1st street?

Kamarajar Nagar 1st street is classified as Residential Class III Type - II.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 34,00,000, the stamp duty would be Rs 2,38,000 and the registration fee would be Rs 68,000, totaling Rs 3,06,000.

Where is the Sub Registrar Office for Kamarajar Nagar 1st street located?

The Sub Registrar Office for Kamarajar Nagar 1st street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.