Guideline Value

Corporate

Guideline Value for KAMATCHI NAGAR 1ST STREET

₹1210/sq.ft.

The guideline value for Kamatchi Nagar 1st Street in Sivabootham village (Chennai South Joint I SRO, Chennai zone) is Rs 1210 per sq.ft, effective 1 July 2024. It was Rs 1100 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sivabootham

Village

Chennai South Joint I

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1210 /sq.ft.
From 1-4-2023 ₹1100 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹737 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1100 /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]

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Kamatchi Nagar 1st Street guideline value

The current guideline value of Kamatchi Nagar 1st Street is Rs 1,210 per sq.ft, effective from 1 July 2024. This street is located in Sivabootham village, under the Chennai South Joint I SRO, and falls under the Residential Class III Type - I land classification.

How the guideline value of Kamatchi Nagar 1st Street has changed

In the 2012 revision, the guideline value was set at Rs 1,100 per sq.ft. This figure saw a decrease of 33% by the 2017 revision, where it was adjusted to Rs 737 per sq.ft. Subsequently, the value increased significantly by 49% to Rs 1,100 per sq.ft in the 2023 revision. The most recent 2024 revision reflects a further increase of 10%, bringing the current guideline value to Rs 1,210 per sq.ft.

The register has no figure for Kamatchi Nagar 1st Street for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Sivabootham

In Sivabootham, there are 39 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 1,120 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, placing Kamatchi Nagar 1st Street's 2024 figure below this median.

Stamp duty and registration fee for property in Kamatchi Nagar 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,210 per sq.ft, the total guideline value would be Rs 12,10,000. The stamp duty at 7% would amount to Rs 84,700, while the registration fee at 2% would be Rs 24,200, bringing the total to Rs 1,08,900. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Kamatchi Nagar 1st Street?

The Sub Registrar Office that covers Kamatchi Nagar 1st Street 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 information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Sivabootham. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When registering a property, the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Kamatchi Nagar 1st Street?

The current guideline value of Kamatchi Nagar 1st Street is Rs 1,210 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes: from Rs 1,100 in 2012 to Rs 737 in 2017, then back to Rs 1,100 in 2023, and finally to Rs 1,210 in 2024.

What is the land classification for Kamatchi Nagar 1st Street?

Kamatchi Nagar 1st Street falls under the Residential Class III Type - I land classification.

Where can I find the registration office for Kamatchi Nagar 1st Street?

The registration office for Kamatchi Nagar 1st Street 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.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 12,10,000, the stamp duty at 7% would be Rs 84,700.