Guideline Value for KAMACTHI STREET

Kamacthi Street guideline value

The current guideline value of Kamacthi Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Moolacheri village under the Pallavaram SRO, classified as Residential Class I Type - II.

How the guideline value of Kamacthi Street has changed

Over the years, the guideline value of Kamacthi Street has seen several revisions. The 2012 revision set the value at Rs 1,000 per sq.ft, which then decreased to Rs 670 per sq.ft in the 2017 revision. Following this, the value increased to Rs 1,000 per sq.ft in 2023, and it has now risen to Rs 1,100 per sq.ft in the 2024 revision, marking a 10% increase from the previous year. The register has no figures for the revisions in 2002, 2003, and 2007.

From 2012 to 2017, the value experienced a decrease of 33%. However, from 2017 to 2023, it increased significantly by 49%. Overall, when comparing the figures from 2012 to 2024, there has been a 10% increase in the guideline value.

Guideline values in Moolacheri

Moolacheri village has a total of 17 streets under the Pallavaram SRO, with 2024 guideline values ranging from Rs 1,100 to Rs 4,400 per sq.ft. The median guideline value in the village is Rs 2,710 per sq.ft, placing Kamacthi Street's 2024 value below this median.

• Jones Serene Avenue Extension: Rs 4,400 per sq.ft (2024)
• Maduraipakkam Road: Rs 1,650 per sq.ft (2024)
• Dharani Nagar: Rs 1,650 per sq.ft (2024)
• M R Nagar: Rs 2,710 per sq.ft (2024)
• Pearl Garden: Rs 3,410 per sq.ft (2024)
• Arivalayam Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Kamacthi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kamacthi Street?

The Sub Registrar Office that covers Kamacthi Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Moolacheri. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is registered, the guideline value is considered to ensure that the transaction is reported at a fair value. This helps in maintaining transparency in property dealings and ensures that the appropriate taxes are collected by the government.

Frequently asked questions

What is the current guideline value of Kamacthi Street?

The current guideline value of Kamacthi Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What are the stamp duty and registration fees for Kamacthi Street?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000, and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which Sub Registrar Office handles transactions for Kamacthi Street?

The Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone, handles transactions for Kamacthi Street.

What is the median guideline value for streets in Moolacheri?

The median guideline value for streets in Moolacheri is Rs 2,710 per sq.ft, with Kamacthi Street's value below this median at Rs 1,100 per sq.ft.