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Guideline Value

Corporate

Guideline Value for KAMAKOTI NAGAR 1ST MAIN ROAD EXTENSION

₹3300/sq.ft.

The guideline value for Kamakoti Nagar 1st Main Road Extension in Pallikaranai village (Chennai South Joint I SRO, Chennai zone) is Rs 3300 per sq.ft, effective 1 July 2024. It was Rs 3000 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pallikaranai

Village

Chennai South Joint I

SRO

Commercial Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹3300 /sq.ft.
From 1-4-2023 ₹3000 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹3000 /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 Kamakoti Nagar 1st Main Road Extension

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Kamakoti Nagar 1st Main Road Extension guideline value

The current guideline value for Kamakoti Nagar 1st Main Road Extension is Rs 3,300 per sq.ft, effective from 1 July 2024. This property is located in Pallikaranai village and falls under the Chennai South Joint I SRO. The land classification is Commercial Class I Type - II.

How the guideline value of Kamakoti Nagar 1st Main Road Extension has changed

In the 2012 revision, the guideline value was set at Rs 3,000 per sq.ft. This figure remained unchanged in the 2023 revision. However, the 2024 revision saw an increase of 10%, bringing the guideline value to Rs 3,300 per sq.ft. The overall change from the 2012 to the 2024 revision is a 10% increase.

The register has no figure for the years 2002, 2003, 2007, and 2017 for this street. Therefore, the only available figures are from the 2012, 2023, and 2024 revisions.

Guideline values in Pallikaranai

In Pallikaranai, there are 749 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 1,110 to Rs 8,580 per sq.ft, with a median value of Rs 1,650 per sq.ft. The guideline value for Kamakoti Nagar 1st Main Road Extension is above this median.

Stamp duty and registration fee for property in Kamakoti Nagar 1st Main Road Extension

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. Duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamakoti Nagar 1st Main Road Extension?

The Sub Registrar Office that covers Kamakoti Nagar 1st Main Road Extension is 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 details.

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

The guideline value is essential during the registration of property transactions in Pallikaranai. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that both buyers and sellers are aware of the minimum value at which the property can be registered.

When a property is sold, the buyer must pay the stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Kamakoti Nagar 1st Main Road Extension?

The current guideline value for Kamakoti Nagar 1st Main Road Extension is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2012 to Rs 3,300 per sq.ft in 2024, reflecting a 10% increase. There was no change in the value from 2012 to 2023.

What is the land classification for this area?

The land classification for Kamakoti Nagar 1st Main Road Extension is Commercial Class I Type - II.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which office handles the registration for Kamakoti Nagar 1st Main Road Extension?

The registration for Kamakoti Nagar 1st Main Road Extension is handled 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.