Guideline Value for Kamarajar Nagar 3rd Street

Kamarajar Nagar 3rd Street guideline value

The current guideline value of Kamarajar Nagar 3rd Street is Rs 1,550 per sq.ft, effective from 1 July 2024. This street is located in Thirunageswaram village under the Kunrathur SRO, classified as Residential Special Type - II.

How the guideline value of Kamarajar Nagar 3rd Street has changed

The guideline value for Kamarajar Nagar 3rd Street has undergone several revisions over the years. The earliest recorded figure is from 2012, where the value was Rs 1,400 per sq.ft. This was followed by a decrease to Rs 938 per sq.ft in 2017. The value then increased significantly to Rs 1,400 per sq.ft in 2023, before reaching the current value of Rs 1,550 per sq.ft in 2024, marking an 11% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. The overall change from 2012 to 2024 is an increase of 11%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register 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 is Rs 1,550 per sq.ft, which is the same as the guideline value for Kamarajar Nagar 3rd Street.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,550 per sq.ft, the total guideline value amounts to Rs 15,50,000. The stamp duty at 7% would be Rs 1,08,500, and the registration fee at 2% would be Rs 31,000, bringing the total cost for these fees 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kamarajar Nagar 3rd Street?

The Kamarajar Nagar 3rd Street falls under the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thirunageswaram. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the government.

When a property is sold, the buyer must pay the stamp duty on the higher of the guideline value or the actual sale price. This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of the property as determined by the guideline value.

Frequently asked questions

What is the current guideline value of Kamarajar Nagar 3rd Street?

The current guideline value of Kamarajar Nagar 3rd 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 2012 to Rs 938 per sq.ft in 2017, then to Rs 1,400 per sq.ft in 2023, and finally to Rs 1,550 per sq.ft in 2024.

What is the land classification for Kamarajar Nagar 3rd Street?

Kamarajar Nagar 3rd Street is classified as Residential Special Type - II.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 15,50,000, the stamp duty would be Rs 1,08,500, and the registration fee would be Rs 31,000, totaling Rs 1,39,500.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069.