Guideline Value

Corporate

Guideline Value for KAMADHENU NAGAR 2ND STREET

₹1660/sq.ft.

The guideline value for Kamadhenu Nagar 2nd Street in Vanagaram village (Chennai South Joint I SRO, Chennai zone) is Rs 1660 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vanagaram

Village

Chennai South Joint I

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1660 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Kamadhenu Nagar 2nd Street

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Kamadhenu Nagar 2nd Street guideline value

The current guideline value of Kamadhenu Nagar 2nd Street is Rs 1,660 per sq.ft, effective from 1 July 2024. This street is located in Vanagaram village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Kamadhenu Nagar 2nd Street has changed

Over the years, the guideline value of Kamadhenu Nagar 2nd Street has seen several revisions. The 2012 revision set the value at Rs 1,500 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 1,005 per sq.ft. The 2023 revision increased the value to Rs 1,500 per sq.ft, and the most recent 2024 revision has set it at Rs 1,660 per sq.ft.

In terms of percentage changes, the value increased by 11% from 2023 to 2024. From 2017 to 2023, there was a significant increase of 49%. However, the 2012 to 2017 period saw a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 11%.

Guideline values in Vanagaram

In Vanagaram, there are 287 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 770 to Rs 5,500 per sq.ft. The median value is Rs 1,660 per sq.ft, which is equal to the guideline value of Kamadhenu Nagar 2nd Street.

Stamp duty and registration fee for property in Kamadhenu Nagar 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,660 per sq.ft, the total guideline value amounts to Rs 16,60,000. The stamp duty at 7% would be Rs 1,16,200, and the registration fee at 2% would be Rs 33,200, bringing the total to Rs 1,49,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kamadhenu Nagar 2nd Street?

The Kamadhenu Nagar 2nd Street is covered by the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Vanagaram. It serves as a benchmark for calculating stamp duty and registration fees during the property registration process. Buyers must be aware that the guideline value is often used to determine the minimum value for transactions, ensuring that properties are registered at a fair value.

When registering a property, the guideline value helps to ensure transparency in the transaction. It provides a standardized value that can help prevent undervaluation of properties, thus safeguarding the interests of both buyers and sellers in the real estate market.

Frequently asked questions

What is the current guideline value of Kamadhenu Nagar 2nd Street?

The current guideline value of Kamadhenu Nagar 2nd Street is Rs 1,660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then back to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,660 per sq.ft in 2024.

What is the land classification for Kamadhenu Nagar 2nd Street?

The land classification for Kamadhenu Nagar 2nd Street is Residential Class III Type - I.

Which office handles registrations for Kamadhenu Nagar 2nd Street?

The Chennai South Joint I Sub Registrar Office handles registrations for Kamadhenu Nagar 2nd Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035.

How is stamp duty calculated for properties in Kamadhenu Nagar 2nd Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 16,60,000, the stamp duty at 7% would amount to Rs 1,16,200.