Guideline Value for Kamarajar Nagar

Kamarajar Nagar guideline value

The current guideline value of Kamarajar Nagar, located in Thirunageswaram village under the Kunrathur SRO, is Rs 1,550 per sq.ft, effective from 1 July 2024. This area falls under the land classification of Residential Special Type - II.

How the guideline value of Kamarajar Nagar has changed

The guideline value for Kamarajar Nagar has seen several revisions over the years. In 2007, the rate was Rs 300 per sq.ft, which increased significantly to Rs 1,400 per sq.ft in 2012. However, it then decreased to Rs 938 per sq.ft in 2017. Following this, the value rose to Rs 1,400 per sq.ft in 2023, and currently stands at Rs 1,550 per sq.ft as per the 2024 revision. Notably, the register has no figures for the years 2002 and 2003.

From 2007 to 2012, the guideline value increased by 367%, but then dropped by 33% from 2012 to 2017. The value saw a substantial rise of 49% from 2017 to 2023, followed by an 11% increase from 2023 to 2024. Overall, the guideline value has increased by 417% from 2007 to 2024.

Guideline values in Thirunageswaram

In Thirunageswaram, there are 105 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 2,000 per sq.ft, with a median of Rs 1,550 per sq.ft. Kamarajar Nagar's current guideline value aligns with this median.

• Kamarajar Nagar 1st Street: Rs 1,550 per sq.ft (2024)
• Kamarajar Nagar 2nd Street: Rs 1,550 per sq.ft (2024)
• Kamarajar Nagar 3rd Street: Rs 1,550 per sq.ft (2024)
• Kanniappan Nagar Balathandayutham Street: Rs 1,550 per sq.ft (2024)
• Kanniappan Nagar Bharathi Street: Rs 1,550 per sq.ft (2024)
• Kanniappan Nagar Jeeva Street: Rs 1,550 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 1,550 per sq.ft, the total guideline value amounts to Rs 15,50,000. The stamp duty at 7% would be Rs 1,08,500, while the registration fee at 2% would be Rs 31,000, totaling Rs 1,39,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamarajar Nagar?

The Kamarajar Nagar area falls under the jurisdiction of the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration process of property transactions in Thirunageswaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

Frequently asked questions

What is the current guideline value of Kamarajar Nagar?

The current guideline value of Kamarajar Nagar is Rs 1,550 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 300 per sq.ft in 2007 to Rs 1,550 per sq.ft in 2024, reflecting an overall increase of 417% over the years.

What is the land classification for Kamarajar Nagar?

Kamarajar Nagar is classified as Residential Special Type - II, which is relevant for determining the guideline value and property usage.

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

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 15,50,000, the total fees would amount to Rs 1,39,500.

Which office handles property registrations in Kamarajar Nagar?

The Kunrathur Sub Registrar Office handles property registrations for Kamarajar Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069.