Guideline Value for Kamarajar Nagar

Kamarajar Nagar guideline value

The current guideline value of Kamarajar Nagar is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Peerklankaranai village and falls under the Tambaram Joint 1 SRO. The land classification for this street is Residential Special 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 2,000 per sq.ft, which remained unchanged until the 2017 revision when it dropped to Rs 1,340 per sq.ft. The value then increased significantly to Rs 2,000 per sq.ft in 2023, marking a 49% rise from the 2017 figure. The latest revision in 2024 has further increased the value to Rs 2,200 per sq.ft, a 10% increase from the previous year.

Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for Kamarajar Nagar. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Peerklankaranai

In Peerklankaranai, there are 322 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 4,400 per sq.ft, with a median value of Rs 1,650 per sq.ft. The guideline value of Kamarajar Nagar is above this median.

• Kalanjar nedunsalai extn: Rs 2,200 per sq.ft (2024)
• Kalaivani Street Extension: Rs 1,320 per sq.ft (2024)
• Kalaivani Street: Rs 1,980 per sq.ft (2024)
• Kalaivani 3nd Cross Street: Rs 1,980 per sq.ft (2024)
• Kalaivani 2nd Cross Street: Rs 1,980 per sq.ft (2024)
• Kalaivani 1st Cross Street: Rs 1,980 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 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty, charged at 7%, would amount to Rs 1,54,000, while the registration fee at 2% would be Rs 44,000. The total cost for stamp duty and registration would be Rs 1,98,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kamarajar Nagar?

Kamarajar Nagar is covered by the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Peerklankaranai. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. This value is set by the government and is updated periodically to reflect changes in the real estate market.

When selling property, the guideline value helps establish a baseline for the sale price. Buyers and sellers often refer to this value to ensure that the transaction complies with legal requirements and to avoid any discrepancies 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 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then back to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification for Kamarajar Nagar?

Kamarajar Nagar is classified as Residential Special Type - I, indicating its suitability for residential development.

What is the median guideline value in Peerklankaranai?

The median guideline value in Peerklankaranai is Rs 1,650 per sq.ft, with Kamarajar Nagar's value being above this median.

Where can I find the Tambaram Joint 1 Sub Registrar Office?

The Tambaram Joint 1 Sub Registrar Office is located at No.26, Mes Road, East Tambaram, Chennai-600059. This office handles registrations for properties in Kamarajar Nagar.