Guideline Value for Kamarajar Nagar3rd street

Kamarajar Nagar3rd street guideline value

The current guideline value of Kamarajar Nagar3rd 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 Nagar3rd street has changed

The guideline value for Kamarajar Nagar3rd street has seen several revisions over the years. The earliest recorded figure is from 2002, with a guideline value of Rs 547 per sq.ft. This increased to Rs 603 per sq.ft in 2003, marking a 10% rise. In 2007, the value jumped significantly to Rs 1,000 per sq.ft, an increase of 66%. Following this, the value soared by 210% to reach Rs 3,100 per sq.ft in 2012. However, it then fell by 33% to Rs 2,077 per sq.ft in 2017. The next revision in 2023 saw the value increase to Rs 3,100 per sq.ft, and finally, the current value is Rs 3,400 per sq.ft as of 2024, reflecting a 10% increase from the previous year.

There are no figures available for the years not mentioned in the revisions for this street. Overall, from 2002 to 2024, the guideline value has increased by 522%.

Guideline values in Egmore

In Egmore, 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. The median guideline value in this area is Rs 7,100 per sq.ft, placing Kamarajar Nagar3rd street's 2024 figure below that median.

• Kamarajar Nagar 2nd street: Rs 3,400 per sq.ft (2024)
• Kamarajar Nagar 4th street: Rs 3,400 per sq.ft (2024)
• Kamarajar Nagar5th 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 Nagar3rd 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, bringing the total to Rs 3,06,000. Please 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 Nagar3rd street?

The Sub Registrar Office that covers Kamarajar Nagar3rd 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 plays a crucial role during the registration process when buying or selling property in Egmore. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately in the official register.

When a property is sold, the guideline value is compared with the sale price, and the higher value is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kamarajar Nagar3rd street?

The current guideline value of Kamarajar Nagar3rd 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 significantly from Rs 547 per sq.ft in 2002 to Rs 3,400 per sq.ft in 2024, reflecting an overall increase of 522% over the years.

What is the stamp duty for property in Kamarajar Nagar3rd street?

The stamp duty for property in Kamarajar Nagar3rd street is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Kamarajar Nagar3rd street located?

The Sub Registrar Office for Kamarajar Nagar3rd street is located at 1103, Poonamallee High Road, Chennai-600 003.

What is the land classification of Kamarajar Nagar3rd street?

Kamarajar Nagar3rd street is classified as Residential Class III Type - II under the Periamet SRO.