Guideline Value for Kamarajar Nagar 4th street

Kamarajar Nagar 4th street guideline value

The current guideline value of Kamarajar Nagar 4th street is Rs 3,400 per sq.ft, effective from 1 July 2024. This street is located in Egmore village, under the Periamet SRO, and is classified as Residential Class III Type - II.

How the guideline value of Kamarajar Nagar 4th street has changed

The guideline value for Kamarajar Nagar 4th street has seen several revisions over the years. The earliest recorded revision is from 2003, where the value was Rs 603 per sq.ft. This increased to Rs 1,000 per sq.ft in 2007, marking a significant rise of 66%. The value then surged to Rs 3,100 per sq.ft in 2012, reflecting a substantial increase of 210%. However, it decreased to Rs 2,077 per sq.ft in 2017, showing a decline of 33%. The value further increased to Rs 3,100 per sq.ft in 2023, and finally, it rose to Rs 3,400 per sq.ft in 2024, which is a 10% increase from the previous year.

It is important to note that there is no recorded guideline value for Kamarajar Nagar 4th street in the year 2002. Overall, the guideline value has increased by 464% from Rs 603 per sq.ft in 2003 to Rs 3,400 per sq.ft in 2024.

Guideline values in Egmore

In Egmore village, there are 465 streets under the Periamet SRO that carry a 2024 guideline value ranging from Rs 2,800 to Rs 22,000 per sq.ft, with a median value of Rs 7,100 per sq.ft. The guideline value of Kamarajar Nagar 4th street is below this median.

• Kamarajar Nagar 5th street: Rs 3,400 per sq.ft (2024)
• Kamarajar Nagar 3rd street: Rs 3,400 per sq.ft (2024)
• Kamarajar Nagar 2nd street: Rs 3,400 per sq.ft (2024)
• Kamarajar Nagar 1st street: Rs 3,400 per sq.ft (2024)
• Kamarajar Nagar: 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 4th street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,400 per sq.ft, the total guideline value amounts to Rs 34,00,000. The stamp duty at 7% would be Rs 2,38,000, and the registration fee at 2% would be Rs 68,000, making the total cost for these fees Rs 3,06,000. It is essential to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamarajar Nagar 4th street?

The Sub Registrar Office that covers Kamarajar Nagar 4th street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Egmore. It determines the minimum value at which property transactions must be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When a buyer decides to purchase a property, the guideline value helps in assessing the fair value of the property for taxation purposes. It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during the transaction.

Frequently asked questions

What is the current guideline value of Kamarajar Nagar 4th street?

The current guideline value of Kamarajar Nagar 4th street is Rs 3,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased significantly from Rs 603 per sq.ft in 2003 to Rs 3,400 per sq.ft in 2024, marking an overall increase of 464%.

What is the land classification for Kamarajar Nagar 4th street?

Kamarajar Nagar 4th street is classified as Residential Class III Type - II.

Where can I find the Sub Registrar Office for Kamarajar Nagar 4th street?

The Sub Registrar Office covering Kamarajar Nagar 4th street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.

How is stamp duty calculated for properties in Kamarajar Nagar 4th street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 34,00,000, the stamp duty at 7% would be Rs 2,38,000.