Guideline Value for Kamarajar Nagar

Kamarajar Nagar guideline value

The current guideline value of Kamarajar Nagar, located in Chendrampakkam village under the Redhills SRO, is Rs 165 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class III Type - I land classification.

How the guideline value of Kamarajar Nagar has changed

Over the years, the guideline value of Kamarajar Nagar has seen several revisions. The 2007 revision set the value at Rs 100 per sq.ft, which increased to Rs 150 per sq.ft in 2012. However, there was a decrease of 33% in the following revision, bringing it down to Rs 100 per sq.ft again in 2017. The value then rose significantly by 50% to Rs 150 per sq.ft in 2023, and most recently, it increased by 10% to the current value of Rs 165 per sq.ft in 2024.

The register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 65%.

Guideline values in Chendrampakkam

In Chendrampakkam, there are 13 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 165 to Rs 385 per sq.ft, with a median value of Rs 275 per sq.ft. Kamarajar Nagar's 2024 figure is below this median.

• Kamala Nagar: Rs 385 per sq.ft (2024)
• Lakshmi Nagar: Rs 385 per sq.ft (2024)
• M.G. Nagar: Rs 385 per sq.ft (2024)
• Pathmavathi Nagar: Rs 385 per sq.ft (2024)
• Raj Nagar: Rs 385 per sq.ft (2024)
• R.V. Krishnan Chettiyar Nagar: Rs 275 per sq.ft (2024)

Stamp duty and registration fee for property in Kamarajar Nagar

For a 1,000 sq.ft plot at the current rate of Rs 165 per sq.ft, the guideline value amounts to Rs 1,65,000. The stamp duty at 7% would be Rs 11,550, and the registration fee at 2% would be Rs 3,300, totaling Rs 14,850. It is important to note that the 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?

Kamarajar Nagar falls under the jurisdiction of the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Chendrampakkam, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring compliance with local regulations.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of the transaction. Accurate knowledge of these values can help in making informed decisions during property dealings.

Frequently asked questions

What is the current guideline value of Kamarajar Nagar?

The current guideline value of Kamarajar Nagar is Rs 165 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2007 to Rs 165 per sq.ft in 2024, reflecting an overall increase of 65% over this period.

What are the other streets in Chendrampakkam and their guideline values?

Other streets in Chendrampakkam include Kamala Nagar, Lakshmi Nagar, M.G. Nagar, Pathmavathi Nagar, Raj Nagar, and R.V. Krishnan Chettiyar Nagar, with guideline values ranging from Rs 275 to Rs 385 per sq.ft in 2024.

What fees are associated with buying property in Kamarajar Nagar?

When buying property in Kamarajar Nagar, buyers should expect to pay stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

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

The Sub Registrar Office covering Kamarajar Nagar is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.