Guideline Value for Kamban Nagar Thiruvalluvar Street

Kamban Nagar Thiruvalluvar Street guideline value

The current guideline value of Kamban Nagar Thiruvalluvar Street 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 Thiruvalluvar Street has changed

Looking at the revisions, the guideline value for Kamban Nagar Thiruvalluvar Street was Rs 1,200 per sq.ft in both the 2012 and 2023 revisions. The 2024 revision saw an increase to Rs 1,300 per sq.ft, marking an 8% rise from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2017 for this street.

Overall, from the 2012 revision to the 2024 revision, there has been an increase of 8% in the guideline value. The value remained unchanged from 2012 to 2023, indicating stability during that period.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median value for these streets is Rs 1,600 per sq.ft, placing Kamban Nagar Thiruvalluvar Street's current guideline value below that median.

• Kamban Nagar Tamarai St (Ward-08): Rs 1,300 per sq.ft (2024)
• Kamban Nagar Thiruvalluvar St (Ward-08): Rs 1,300 per sq.ft (2024)
• Kamban Nagar Roja St (Ward-08): Rs 1,300 per sq.ft (2024)
• Kamban Nagar V.P. Chittan St (Ward-08): Rs 1,300 per sq.ft (2024)
• Kamban Nagar Mullai St (Ward-08): Rs 1,300 per sq.ft (2024)
• Kamban Nagar (Ward-08): Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kamban Nagar Thiruvalluvar Street

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 to Rs 1,17,000. It is important to 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 Kamban Nagar Thiruvalluvar Street?

The Kamban Nagar Thiruvalluvar Street 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 plays a crucial role 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 stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Kamban Nagar Thiruvalluvar Street?

The current guideline value of Kamban Nagar Thiruvalluvar Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Kamban Nagar Thiruvalluvar Street has increased from Rs 1,200 per sq.ft in 2012 and 2023 to Rs 1,300 per sq.ft in 2024, marking an overall increase of 8% from 2012 to 2024.

What is the land classification for Kamban Nagar Thiruvalluvar Street?

Kamban Nagar Thiruvalluvar Street is classified as Residential Class III Type - I, indicating its suitability for residential development.

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.

How is stamp duty calculated for properties in Kamban Nagar Thiruvalluvar Street?

Stamp duty for properties in Kamban Nagar Thiruvalluvar Street is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value incurs a total stamp duty and registration fee of Rs 1,17,000.