Guideline Value for Kamban Nagar Roja St (Ward-08)

Kamban Nagar Roja St (Ward-08) guideline value

The current guideline value of Kamban Nagar Roja St (Ward-08) is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village, under the Madhavaram SRO, and is classified as Residential Class III Type - I.

How the guideline value of Kamban Nagar Roja St (Ward-08) has changed

In the 2012 revision, the guideline value was set at Rs 1,200 per sq.ft. This figure remained unchanged until the 2023 revision, which also recorded Rs 1,200 per sq.ft. However, in the 2024 revision, the guideline value increased to Rs 1,300 per sq.ft, marking an 8% rise from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 8%. The register has no figures for the years 2002, 2003, 2007, and 2017 for this street.

Guideline values in Madhavaram

Madhavaram village has a total of 1,946 streets under the Madhavaram SRO, with 2024 guideline values ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median guideline value for the village is Rs 1,600 per sq.ft, placing Kamban Nagar Roja St (Ward-08) below that median.

• Kamban Nagar Mullai St (Ward-08): Rs 1,300 per sq.ft (2024)
• Kamban Nagar Tamarai St (Ward-08): Rs 1,300 per sq.ft (2024)
• Kamban Nagar Marudam St (Ward-08): Rs 1,300 per sq.ft (2024)
• Kamban Nagar Thiruvalluvar Street: Rs 1,300 per sq.ft (2024)
• Kamban Nagar Main Road (Ward 8): Rs 1,300 per sq.ft (2024)
• Kamban Nagar Thiruvalluvar St (Ward-08): Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kamban Nagar Roja St (Ward-08)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total cost to Rs 1,17,000. 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 information.

Which Sub Registrar Office covers Kamban Nagar Roja St (Ward-08)?

The Kamban Nagar Roja St (Ward-08) is covered by 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 Madhavaram

The guideline value is a critical factor in the registration process when buying or selling property in Madhavaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two values is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kamban Nagar Roja St (Ward-08)?

The current guideline value of Kamban Nagar Roja St (Ward-08) is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

From the 2012 revision to the 2023 revision, the guideline value remained at Rs 1,200 per sq.ft. However, in the 2024 revision, it increased to Rs 1,300 per sq.ft, reflecting an 8% rise from the previous year.

What is the land classification of Kamban Nagar Roja St (Ward-08)?

Kamban Nagar Roja St (Ward-08) is classified as Residential Class III Type - I, indicating its suitability for residential development.

What is the median guideline value for streets in Madhavaram?

The median guideline value for streets in Madhavaram is Rs 1,600 per sq.ft, with Kamban Nagar Roja St (Ward-08) being below this median at Rs 1,300 per sq.ft.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles the registration of properties in the area.