Guideline Value for Kamarajar Nagar

Kamarajar Nagar guideline value

The current guideline value of Kamarajar Nagar, located in Kunrathour-B village under the Kunrathur SRO, is Rs 1,430 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - II.

How the guideline value of Kamarajar Nagar has changed

The guideline value for Kamarajar Nagar has undergone several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 871 per sq.ft. This value increased significantly to Rs 1,300 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the value at Rs 1,430 per sq.ft, reflecting a 10% increase from the previous year.

Between the 2017 and 2024 revisions, the overall increase in guideline value is 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 660 to Rs 5,130 per sq.ft. The median value for these streets is Rs 1,540 per sq.ft, placing Kamarajar Nagar's 2024 figure below that median.

• Kanniyamman Nagar: Rs 1,430 per sq.ft (2024)
• Karaima Nagar: Rs 1,430 per sq.ft (2024)
• Karaima Nagar Mettu Street: Rs 1,430 per sq.ft (2024)
• Karaima Nagar Palla Street: Rs 1,430 per sq.ft (2024)
• Karaimedu Mayana Salai: Rs 1,430 per sq.ft (2024)
• Karuneegar Street: Rs 1,430 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 1,430 per sq.ft, the total guideline value would be Rs 14,30,000. The stamp duty at 7% would amount to Rs 1,00,100, and the registration fee at 2% would be Rs 28,600, bringing the total cost to Rs 1,28,700. 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?

Kamarajar Nagar falls under the jurisdiction of the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Kunrathour-B

The guideline value is a crucial factor in the registration of property transactions in Kunrathour-B. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transaction. It is essential for buyers and sellers to be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Kamarajar Nagar?

The current guideline value of Kamarajar Nagar is Rs 1,430 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 871 per sq.ft in 2017 to Rs 1,300 per sq.ft in 2023, and then to Rs 1,430 per sq.ft in 2024. This represents a total increase of 64% from 2017 to 2024.

What is the land classification for Kamarajar Nagar?

The land classification for Kamarajar Nagar is Residential Special Type - II.

What are the stamp duty rates for properties in Kamarajar Nagar?

The stamp duty rate for properties in Kamarajar Nagar is 7% of the guideline value or the sale price, whichever is higher.

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

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