Guideline Value for KAMATCHIAMMAN COLONY 2ND STREET

Kamatchiamman Colony 2nd Street guideline value

The current guideline value of Kamatchiamman Colony 2nd Street is Rs 5,300 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village under the Kodambakkam SRO, and it falls under the Residential Class II Type - I land classification.

How the guideline value of Kamatchiamman Colony 2nd Street has changed

The guideline value for Kamatchiamman Colony 2nd Street has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 633 per sq.ft. This increased to Rs 695 per sq.ft in 2003, marking a 10% rise. By 2007, the value surged to Rs 1,200 per sq.ft, reflecting a significant increase of 73%. The value remained at Rs 1,200 per sq.ft until the 2012 revision, which kept it unchanged at Rs 4,900 per sq.ft.

In 2023, the guideline value was again set at Rs 4,900 per sq.ft, showing no change from the previous revision. However, in the latest 2024 revision, the value increased to Rs 5,300 per sq.ft, which is an 8% rise from the 2023 figure. It is important to note that there is no figure available for the year 2017 in the register for this street.

Guideline values in Puliyur

In Puliyur, 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 2nd Street's 2024 figure below that median.

• Kamatchiamman Colony 1st 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 2nd 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, while the registration fee at 2% would be Rs 1,06,000. Together, these fees would total Rs 4,77,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kamatchiamman Colony 2nd Street?

The Sub Registrar Office that covers Kamatchiamman Colony 2nd 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 in the registration process of property transactions in Puliyur. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the registration fees and stamp duties are calculated based on this value.

When buying or selling property, both the buyer and seller must consider the guideline value to understand the financial implications of the transaction. This value helps in assessing the appropriate stamp duty and registration fees, which are mandatory for legal property transfers.

Frequently asked questions

What is the current guideline value of Kamatchiamman Colony 2nd Street?

The current guideline value of Kamatchiamman Colony 2nd 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, showing an overall increase of 737% over the years.

What is the stamp duty rate for properties in Kamatchiamman Colony 2nd Street?

The stamp duty rate for properties in Kamatchiamman Colony 2nd Street is 7% of the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Kamatchiamman Colony 2nd Street?

The Kodambakkam Sub Registrar Office covers Kamatchiamman Colony 2nd Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

What is the median guideline value in Puliyur?

The median guideline value in Puliyur is Rs 5,800 per sq.ft, with Kamatchiamman Colony 2nd Street's current value being below this median.