Guideline Value for Kamarajar Nagar

Kamarajar Nagar guideline value

The current guideline value of Kamarajar Nagar in Menambedu village is Rs 1,002 per sq.ft, effective from 1 July 2024. This area falls under the Ambattur SRO and is classified as Residential Class V Type - I.

How the guideline value of Kamarajar Nagar has changed

Over the years, the guideline value for Kamarajar Nagar has seen several revisions. The 2012 revision set the value at Rs 700 per sq.ft, which increased to Rs 469 per sq.ft in 2017. Following this, the value rose significantly to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,002 per sq.ft as of the 2024 revision. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From the 2012 revision to the 2017 revision, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 113%. Overall, from 2012 to 2024, the guideline value has increased by 43%.

Guideline values in Menambedu

In Menambedu, there are 171 streets under the Ambattur SRO that carry a guideline value for 2024, ranging from Rs 1,000 to Rs 6,680 per sq.ft, with a median value of Rs 1,003 per sq.ft. The guideline value for Kamarajar Nagar is slightly below this median.

• Kamarajar salai: Rs 1,002 per sq.ft (2024)
• Kamakodi Street: Rs 1,000 per sq.ft (2024)
• Kallikuppam Road: Rs 1,700 per sq.ft (2024)
• Kamathenu Street: Rs 1,700 per sq.ft (2024)
• Kambar Street: Rs 1,001 per sq.ft (2024)
• Kaniappa Reddy Street: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Kamarajar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,002 per sq.ft, the total guideline value would amount to Rs 10,02,000. The stamp duty at 7% would be Rs 70,140, and the registration fee at 2% would be Rs 20,040, bringing the total fees to Rs 90,180. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kamarajar Nagar?

The Kamarajar Nagar area is covered by the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Menambedu. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling a property, the guideline value is compared to the sale price of the property. The higher of the two values is used to calculate the stamp duty and registration fees, ensuring that all transactions are fairly assessed and documented.

Frequently asked questions

What is the current guideline value of Kamarajar Nagar?

The current guideline value of Kamarajar Nagar is Rs 1,002 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,002 per sq.ft in 2024.

What is the land classification of Kamarajar Nagar?

Kamarajar Nagar is classified as Residential Class V Type - I, indicating its suitability for residential purposes.

Where is the Ambattur Sub Registrar Office located?

The Ambattur Sub Registrar Office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is stamp duty calculated in Kamarajar Nagar?

Stamp duty is calculated based on the higher value between the guideline value and the sale price of the property. For example, for a property valued at Rs 10,02,000, the stamp duty would be Rs 70,140 at a rate of 7%.