Guideline Value for Kamarajar Nagar5th street

Kamarajar Nagar5th street guideline value

The current guideline value of Kamarajar Nagar5th 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 Nagar5th street has changed

The guideline value for Kamarajar Nagar5th street has seen several revisions over the years. The earliest recorded figure is from 2003, which was Rs 603 per sq.ft. In 2007, the value increased significantly to Rs 1,000 per sq.ft, marking a 66% rise. The 2012 revision maintained the value at Rs 3,100 per sq.ft, which was a 210% increase from 2007. However, this figure dropped by 33% to Rs 2,077 per sq.ft in 2017. The value then rose substantially to Rs 3,100 per sq.ft in 2023, before reaching the current guideline value of Rs 3,400 per sq.ft in 2024, reflecting a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 464%. It is important to note that there is no recorded figure for Kamarajar Nagar5th street for the year 2002.

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. The median guideline value for these streets is Rs 7,100 per sq.ft, indicating that Kamarajar Nagar5th street's current value is below this median.

• Kamarajar Nagar 4th 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 Nagar5th 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, charged at 7%, would amount to Rs 2,38,000, while the registration fee at 2% would be Rs 68,000. Together, the total cost for stamp duty and registration would be Rs 3,06,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kamarajar Nagar5th street?

The Sub Registrar Office that covers Kamarajar Nagar5th 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 plays a crucial role during the registration of property transactions in Egmore. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is considered to ensure that the transaction is accurately recorded and that the appropriate taxes are collected. This value serves as a benchmark to ensure transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Kamarajar Nagar5th street?

The current guideline value of Kamarajar Nagar5th 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 registration office for Kamarajar Nagar5th street?

The registration office that covers Kamarajar Nagar5th street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.

What are the stamp duty and registration fees for a property in Kamarajar Nagar5th street?

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 can I find more information about guideline values in Egmore?

More information about guideline values in Egmore can be found in the registration department's guideline value register, which provides detailed figures for various streets in the area.