Guideline Value for KAMATCHIAMMAN NORTH MADA STREET

Kamatchiamman North Mada Street guideline value

The current guideline value of Kamatchiamman North Mada Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Kanchipuram Town village, under the Kanchipuram Joint I SRO, and is classified as Residential Class II Type - III.

How the guideline value of Kamatchiamman North Mada Street has changed

The guideline value for Kamatchiamman North Mada Street has seen several revisions over the years. In the 2012 revision, the value was set at Rs 1,500 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 1,005 per sq.ft. However, from 2017 to 2023, the value increased significantly to Rs 1,500 per sq.ft, and the latest revision in 2024 has raised it further to Rs 1,650 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The changes between revisions are notable, with a 49% increase from 2017 to 2023, and a 33% decrease from 2012 to 2017. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kanchipuram Town

Kanchipuram Town has a total of 85 streets under the Kanchipuram Joint I SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 5,500 per sq.ft. The median value is Rs 1,650 per sq.ft, which aligns with the current guideline value of Kamatchiamman North Mada Street.

• Kamatchiamman Sannathi Street: Rs 2,200 per sq.ft (2024)
• Kamatchiamman South Mada Street: Rs 1,650 per sq.ft (2024)
• Kamatchiamman West Mada Street: Rs 1,650 per sq.ft (2024)
• Kamaraj Street(A) Nagar: Rs 1,100 per sq.ft (2024)
• Kanagasubbrayar Street: Rs 2,750 per sq.ft (2024)
• Kalandar Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Kamatchiamman North Mada Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, making the total fees Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Kamatchiamman North Mada Street?

The Sub Registrar Office that covers Kamatchiamman North Mada Street is the Kanchipuram Joint I Sub Registrar Office, located at No.52 Orikkai Madura, Udhayamangalam Village, Near Anna Kudiyiruppu, Kanchipuram -631502, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kanchipuram Town. It serves as a benchmark for determining the registration fees and stamp duty payable during the transaction. Buyers and sellers must be aware that the guideline value is used to assess the applicable charges, ensuring compliance with local regulations.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two values is used to calculate the stamp duty and registration fees. This practice helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Kamatchiamman North Mada Street?

The current guideline value of Kamatchiamman North Mada Street is Rs 1,650 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 increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What is the land classification for Kamatchiamman North Mada Street?

Kamatchiamman North Mada Street is classified as Residential Class II Type - III.

Where can I find the Sub Registrar Office for this street?

The Kanchipuram Joint I Sub Registrar Office covers Kamatchiamman North Mada Street, located at No.52 Orikkai Madura, Udhayamangalam Village, Near Anna Kudiyiruppu, Kanchipuram -631502, Chengalpattu registration zone.

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, for a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 1,48,500.