Guideline Value for KAMATCH NAGAR 4TH CROSS STREET

Kamatch Nagar 4th Cross Street guideline value

The current guideline value of Kamatch Nagar 4th Cross Street is Rs 4,950 per sq.ft, effective from 1 July 2024. This street is located in Maduravoyal village, under the Virugambakkam SRO, and is classified as Residential Special Type - I.

How the guideline value of Kamatch Nagar 4th Cross Street has changed

The guideline value for Kamatch Nagar 4th Cross Street has seen several revisions over the years. The earliest recorded figure is from 2017, which was Rs 3,015 per sq.ft. This increased to Rs 4,500 per sq.ft in 2023, marking a significant rise of 49%. The most recent revision in 2024 set the value at Rs 4,950 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that there are no recorded figures for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Maduravoyal

In Maduravoyal, there are 636 streets under the Virugambakkam SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 6,050 per sq.ft. The median value for these streets is Rs 3,050 per sq.ft, placing Kamatch Nagar 4th Cross Street above this median.

• Kamatch Nagar 3rd Main Rroad: Rs 3,600 per sq.ft (2024)
• Kamatch Nagar 4th Main Road: Rs 3,600 per sq.ft (2024)
• Kamatch Nagar 2nd Main Road: Rs 3,600 per sq.ft (2024)
• Kamatch Nagar 2nd Cross Street: Rs 3,600 per sq.ft (2024)
• Kamatch Nagar 1st Main Road: Rs 3,600 per sq.ft (2024)
• Kamatch Nagar 1st Cross Street: Rs 3,600 per sq.ft (2024)

Stamp duty and registration fee for property in Kamatch Nagar 4th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,950 per sq.ft, the total guideline value amounts to Rs 49,50,000. The stamp duty at 7% would be Rs 3,46,500, and the registration fee at 2% would be Rs 99,000, bringing the total cost for these fees to Rs 4,45,500. It is important to note that 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 Kamatch Nagar 4th Cross Street?

The Sub Registrar Office that covers Kamatch Nagar 4th Cross Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Maduravoyal. It serves as a benchmark for determining the minimum value at which property can be registered, ensuring that the state receives appropriate revenue through stamp duties and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty, which is charged at a percentage of either the guideline value or the sale price, whichever is higher. This ensures that all property transactions are fairly assessed and documented.

Frequently asked questions

What is the current guideline value of Kamatch Nagar 4th Cross Street?

The current guideline value of Kamatch Nagar 4th Cross Street is Rs 4,950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 3,015 per sq.ft to Rs 4,950 per sq.ft in 2024. This represents an overall increase of 64% over this period.

What is the median guideline value of streets in Maduravoyal?

The median guideline value for streets in Maduravoyal is Rs 3,050 per sq.ft. Kamatch Nagar 4th Cross Street's 2024 figure is above this median.

What are the stamp duty and registration fees for property in Kamatch Nagar 4th Cross Street?

For a property valued at Rs 49,50,000, the stamp duty would be Rs 3,46,500 and the registration fee would be Rs 99,000, totaling Rs 4,45,500. Duty is charged on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Kamatch Nagar 4th Cross Street located?

The Virugambakkam Sub Registrar Office is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. This office handles registrations for Kamatch Nagar 4th Cross Street.