Guideline Value for PARK ST, KAMARAJ NAGAR

Park St, Kamaraj Nagar guideline value

The current guideline value of Park St, Kamaraj Nagar is Rs 950 per sq.ft, effective from 1 July 2024. This street is located in Paruthipattu village under the Avadi SRO, classified as Residential Class II Type - I.

How the guideline value of Park St, Kamaraj Nagar has changed

The guideline value for Park St, Kamaraj Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 900 per sq.ft, which then decreased to Rs 603 per sq.ft in the 2017 revision, marking a decline of 33%. Following this, the 2023 revision increased the value to Rs 900 per sq.ft, and the latest 2024 revision has further raised it to Rs 950 per sq.ft, reflecting a 6% increase.

In summary, from the 2012 revision to the 2024 revision, the overall change has been an increase of 6%. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 801 to Rs 4,730 per sq.ft, with a median value of Rs 1,625 per sq.ft. The guideline value of Park St, Kamaraj Nagar is below this median.

• Paruthipattu (Old Dharmaraja Koil St): Rs 950 per sq.ft (2024)
• Pandiyan Rice Mill Lane: Rs 950 per sq.ft (2024)
• Pattel St Kamaraj Nagar: Rs 950 per sq.ft (2024)
• Palla Street: Rs 950 per sq.ft (2024)
• Periyar St, Kamaraj Nagar: Rs 950 per sq.ft (2024)
• Periyar St, Kannigapuram: Rs 950 per sq.ft (2024)

Stamp duty and registration fee for property in Park St, Kamaraj Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 950 per sq.ft, the total guideline value would be Rs 9,50,000. The stamp duty at 7% would amount to Rs 66,500, and the registration fee at 2% would be Rs 19,000, totaling Rs 85,500. It is important to note that duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Park St, Kamaraj Nagar?

The Sub Registrar Office that covers Park St, Kamaraj Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Paruthipattu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When you register a property, the guideline value is used to assess the applicable fees, ensuring that both the buyer and seller are aware of the financial obligations involved in the transaction. This helps maintain transparency and standardization in property dealings.

Frequently asked questions

What is the current guideline value of Park St, Kamaraj Nagar?

The current guideline value of Park St, Kamaraj Nagar is Rs 950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then increased to Rs 900 per sq.ft in 2023, and finally to Rs 950 per sq.ft in 2024.

What is the land classification for Park St, Kamaraj Nagar?

Park St, Kamaraj Nagar is classified as Residential Class II Type - I.

Where is the Avadi Sub Registrar Office located?

The Avadi Sub Registrar Office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the stamp duty calculated for properties in Park St, Kamaraj Nagar?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot at the current rate, the total stamp duty would be Rs 66,500.