Guideline Value for Kamarajar Nagar

Kamarajar Nagar guideline value

The current guideline value of Kamarajar Nagar is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village, under the Madhavaram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Kamarajar Nagar has changed

In the 2012 revision, the guideline value was Rs 2,500 per sq.ft. This value decreased to Rs 1,675 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2024, the guideline value increased by 61%, reaching the current figure of Rs 2,700 per sq.ft.

There are no figures available for the years 2002, 2003, 2007, and 2023 for Kamarajar Nagar. Overall, from 2012 to 2024, the guideline value has seen a slight increase of 8%.

Guideline values in Kodungaiyur

Kodungaiyur has a total of 1,318 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median guideline value for these streets is Rs 2,700 per sq.ft, which is the same as Kamarajar Nagar's current figure.

• Kamarajar Salai 10th Lane: Rs 1,900 per sq.ft (2024)
• Kamarajar Salai 1st Cross Street: Rs 2,200 per sq.ft (2024)
• Kamarajar Salai 1st Lane: Rs 1,900 per sq.ft (2024)
• Kamarajar Salai 2nd Cross Street: Rs 2,200 per sq.ft (2024)
• Kamarajar Salai 2nd Lane: Rs 1,900 per sq.ft (2024)
• Kamarajar Salai 3rd Cross Street: Rs 2,200 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 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total fees to Rs 2,43,000. Please note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Kamarajar Nagar?

The Sub Registrar Office that covers Kamarajar Nagar is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kodungaiyur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property transaction.

When a property is sold, the guideline value helps in assessing the minimum value at which the property can be registered. Buyers and sellers must be aware of this value to ensure compliance with local regulations during the transaction.

Frequently asked questions

What is the current guideline value of Kamarajar Nagar?

The current guideline value of Kamarajar Nagar is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, and then increased to Rs 2,700 per sq.ft in 2024. There are no figures for the years 2002, 2003, 2007, and 2023.

What is the land classification for Kamarajar Nagar?

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

Where is the Madhavaram Sub Registrar Office located?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles registrations for Kamarajar Nagar.

How is the stamp duty calculated for properties in Kamarajar Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property with a guideline value of Rs 27,00,000, the stamp duty would be Rs 1,89,000 at 7%.