Guideline Value for Kamarajar Nagar

Kamarajar Nagar guideline value

The current guideline value of Kamarajar Nagar, located in Nallamperumpedu village, is Rs 100 per sq.ft, effective from the 2024 revision. This area falls under the Sriperumpudur SRO and is classified as Residential Class IV Type - I.

How the guideline value of Kamarajar Nagar has changed

The guideline value for Kamarajar Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 100 per sq.ft, which remained unchanged until the 2024 revision. The 2017 revision recorded a decrease to Rs 67 per sq.ft, followed by a significant increase of 49% to reach Rs 100 per sq.ft in 2023. There are no figures available in the register for the years 2002, 2003, and 2007.

From 2012 to 2024, the overall guideline value remained at Rs 100 per sq.ft, indicating stability after the fluctuations in earlier revisions. The most recent revision in 2024 maintained the value at Rs 100 per sq.ft, showing no change from 2023.

Guideline values in Nallamperumpedu

Nallamperumpedu has five streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 200 per sq.ft, with a median value of Rs 200 per sq.ft. Kamarajar Nagar's 2024 figure is below this median.

• Ishwarya Nagar: Rs 200 per sq.ft (2024)
• Nallamperumbedu: Rs 175 per sq.ft (2024)
• Vijaya Nagar: Rs 200 per sq.ft (2024)
• Vijaya Nagar Extn: Rs 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 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, making the total cost for these fees Rs 9,000. 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 Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process of property transactions in Nallamperumpedu. It is used to determine the stamp duty and registration fees, ensuring that the transaction is compliant with local regulations.

When buying or selling property, the guideline value serves as a benchmark for the transaction price. Buyers and sellers must consider this value to understand the financial implications of their property dealings.

Frequently asked questions

What is the current guideline value of Kamarajar Nagar?

The current guideline value of Kamarajar Nagar is Rs 100 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, then increased to Rs 100 per sq.ft in 2023, and remains at Rs 100 per sq.ft in 2024.

What are the other streets in Nallamperumpedu?

Other streets in Nallamperumpedu include Ishwarya Nagar, Nallamperumbedu, Vijaya Nagar, and Vijaya Nagar Extn, with guideline values ranging from Rs 175 to Rs 200 per sq.ft in 2024.

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

For a 1,000 sq.ft plot, the stamp duty would be Rs 7,000 and the registration fee Rs 2,000, totaling Rs 9,000 based on the current guideline value.

Which office handles registrations for Kamarajar Nagar?

The Sriperumpudur Sub Registrar Office handles registrations for Kamarajar Nagar, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.