Guideline Value for KAMATCHI NAGAR 3RD STREET

Kamatchi Nagar 3rd Street guideline value

The current guideline value of Kamatchi Nagar 3rd Street is Rs 1,210 per sq.ft, effective from 1 July 2024. This street is located in Sivabootham 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 Kamatchi Nagar 3rd Street has changed

The guideline value for Kamatchi Nagar 3rd Street has undergone several revisions over the years. The oldest available revision is from 2012, where the guideline value was Rs 1,100 per sq.ft. This figure remained until the 2017 revision, which saw a decrease to Rs 737 per sq.ft. Following that, the value increased significantly to Rs 1,100 per sq.ft in 2023 and further rose to Rs 1,210 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2012 to 2017, there was a notable decrease of 33%, but the overall change from 2012 to 2024 shows a 10% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Sivabootham

In Sivabootham, there are 39 streets under the Chennai South Joint I SRO that have 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 3rd Street's 2024 figure below that median.

• Kamatchi Nagar 2nd Street: Rs 1,210 per sq.ft (2024)
• Kamatchi Nagar 1st Street: Rs 1,210 per sq.ft (2024)
• Kamatchi Nagar: Rs 1,210 per sq.ft (2024)
• Kamatchi Nagar Bharathi Salai: Rs 1,210 per sq.ft (2024)
• Karunya Nagar: Rs 1,130 per sq.ft (2024)
• Indira Nagar: Rs 1,120 per sq.ft (2024)

Stamp duty and registration fee for property in Kamatchi Nagar 3rd Street

For a 1,000 sq.ft plot at the current rate of Rs 1,210 per sq.ft, the guideline value amounts to Rs 12,10,000. The stamp duty is calculated at 7%, resulting in Rs 84,700, while the registration fee at 2% amounts to Rs 24,200. The total cost for these fees together is Rs 1,08,900. It is important to note that duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamatchi Nagar 3rd Street?

The Kamatchi Nagar 3rd 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 Sivabootham

The guideline value is an essential reference for determining the stamp duty and registration fees during property transactions in Sivabootham. When buying or selling property, the guideline value is used to calculate the applicable fees, ensuring that both parties are aware of the financial obligations involved in the transaction.

It is crucial for buyers and sellers to be informed about the current guideline value, as it directly impacts the cost of registration and the overall financial commitment required for property transactions in the area.

Frequently asked questions

What is the current guideline value of Kamatchi Nagar 3rd Street?

The current guideline value of Kamatchi Nagar 3rd 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 changed from Rs 1,100 per sq.ft in 2012 to Rs 737 per sq.ft in 2017, then back to Rs 1,100 per sq.ft in 2023, and finally to Rs 1,210 per sq.ft in 2024.

What is the land classification for Kamatchi Nagar 3rd Street?

The land classification for Kamatchi Nagar 3rd Street is Residential Class III Type - I.

What is the median guideline value for streets in Sivabootham?

The median guideline value for streets in Sivabootham is Rs 1,650 per sq.ft, which is higher than the current guideline value of Kamatchi Nagar 3rd Street.

Where can I find the Sub Registrar Office for Kamatchi Nagar 3rd Street?

The Sub Registrar Office covering Kamatchi Nagar 3rd Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.