Guideline Value for NEW KAMARAJ NAGAR

New Kamaraj Nagar guideline value

The current guideline value of New Kamaraj Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Eagattur village and falls under the Manavalanagar SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of New Kamaraj Nagar has changed

The guideline value for New Kamaraj Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged in the 2023 revision. However, the 2017 revision recorded a lower value of Rs 134 per sq.ft, marking a decrease of 33% from the 2012 figure. From 2017 to 2023, the value increased by 49%, bringing it back to Rs 200 per sq.ft.

As of the 2024 revision, the guideline value remains at Rs 200 per sq.ft, showing no change from the previous year. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Eagattur

Eagattur village has a total of 31 streets under the Manavalanagar SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 330 per sq.ft. The median guideline value in this village is Rs 190 per sq.ft, placing New Kamaraj Nagar's 2024 figure above that median.

• Nirmal Nagar: Rs 190 per sq.ft (2024)
• Om Sakthi Nagar: Rs 154 per sq.ft (2024)
• Palani Nagar: Rs 190 per sq.ft (2024)
• Palayam Nagar: Rs 154 per sq.ft (2024)
• Meenakshi Nagar: Rs 200 per sq.ft (2024)
• Sree Kamatchi Nagar: Rs 170 per sq.ft (2024)

Stamp duty and registration fee for property in New Kamaraj Nagar

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000. Together, the total cost for stamp duty and registration would be Rs 18,000. 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 details.

Which Sub Registrar Office covers New Kamaraj Nagar?

The Sub Registrar Office that covers New Kamaraj Nagar is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Eagattur. It serves as a benchmark for calculating the stamp duty and registration fees required during the transaction.

When you register a property, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable fees. This ensures that the fees reflect the true value of the property being transacted.

Frequently asked questions

What is the current guideline value of New Kamaraj Nagar?

The current guideline value of New Kamaraj Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft since the 2012 revision, with a decrease to Rs 134 per sq.ft in 2017, followed by an increase back to Rs 200 per sq.ft in 2023 and 2024.

What is the median guideline value in Eagattur?

The median guideline value in Eagattur is Rs 190 per sq.ft, with New Kamaraj Nagar's value being above this median at Rs 200 per sq.ft.

What are the stamp duty and registration fees for New Kamaraj Nagar?

For a 1,000 sq.ft plot valued at Rs 200 per sq.ft, the stamp duty would be Rs 14,000 and the registration fee would be Rs 4,000, totaling Rs 18,000.

Which office handles registrations for New Kamaraj Nagar?

The Manavalanagar Sub Registrar Office handles registrations for New Kamaraj Nagar, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.