Guideline Value for KAMATCHIAMMAN COLONY 1ST STREET

Kamatchiamman Colony 1st Street guideline value

The current guideline value of Kamatchiamman Colony 1st Street is Rs 5,300 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village and falls under the Kodambakkam SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Kamatchiamman Colony 1st Street has changed

The guideline value for Kamatchiamman Colony 1st Street has undergone several revisions over the years. The earliest recorded figure is from 2002, when the guideline value was Rs 633 per sq.ft. This increased to Rs 695 per sq.ft in 2003, representing a change of +10%. In 2007, the value saw a significant rise to Rs 1,200 per sq.ft, marking an increase of +73%. The 2012 revision brought the value to Rs 4,900 per sq.ft, which was an increase of +308% from the previous figure. However, in 2017, the guideline value decreased to Rs 3,283 per sq.ft, a decline of -33%. The value then rose to Rs 4,900 per sq.ft in 2023, before reaching the current rate of Rs 5,300 per sq.ft in 2024, which is an increase of +8% from the previous year.

There are no figures available for the guideline value of Kamatchiamman Colony 1st Street for the years not mentioned in the revisions.

Guideline values in Puliyur

In Puliyur village, there are 648 streets under the Kodambakkam SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value for these streets is Rs 5,800 per sq.ft, placing Kamatchiamman Colony 1st Street's 2024 figure below that median.

• Kamatchiamman Colony 2nd Street: Rs 5,300 per sq.ft (2024)
• Kamaraj Street: Rs 3,800 per sq.ft (2024)
• Kamatchi Nagar: Rs 5,000 per sq.ft (2024)
• Kamaraj Nagar Extension: Rs 5,300 per sq.ft (2024)
• Kamaraj Nagar 4th Street: Rs 5,300 per sq.ft (2024)
• Kamaraj Nagar 3rd Street: Rs 5,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kamatchiamman Colony 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,300 per sq.ft, the total guideline value would be Rs 53,00,000. The stamp duty at 7% would amount to Rs 3,71,000, and the registration fee at 2% would be Rs 1,06,000. Together, these fees would total Rs 4,77,000. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Kamatchiamman Colony 1st Street?

The Sub Registrar Office that covers Kamatchiamman Colony 1st Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Puliyur. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with registration requirements.

When a property transaction occurs, the stamp duty and registration fees are calculated based on the guideline value. This ensures that the transaction is recorded accurately and legally in the registry, reflecting the true value of the property as determined by the local government.

Frequently asked questions

What is the current guideline value of Kamatchiamman Colony 1st Street?

The current guideline value of Kamatchiamman Colony 1st Street is Rs 5,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 633 per sq.ft in 2002 to Rs 5,300 per sq.ft in 2024, marking an overall increase of +737% over the years.

What is the median guideline value for streets in Puliyur?

The median guideline value for streets in Puliyur is Rs 5,800 per sq.ft, with Kamatchiamman Colony 1st Street's 2024 figure being below this median.

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

For a property valued at Rs 53,00,000, the stamp duty would be Rs 3,71,000 and the registration fee would be Rs 1,06,000, totaling Rs 4,77,000.

Which office handles property registrations for Kamatchiamman Colony 1st Street?

The Kodambakkam Sub Registrar Office handles property registrations for Kamatchiamman Colony 1st Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.