Guideline Value for KAMATCHIAMMAN KOIL STREET

Kamatchiamman Koil Street guideline value

The current guideline value of Kamatchiamman Koil Street is Rs 3,520 per sq.ft, effective from 1 July 2024. This street is located in Ekkaduthangal village under the Chennai South Joint I SRO, classified as Residential Class III Type - I.

How the guideline value of Kamatchiamman Koil Street has changed

The guideline value for Kamatchiamman Koil Street has seen several revisions over the years. Starting from Rs 392 per sq.ft in 2002, it increased to Rs 452 per sq.ft in 2003, marking a 15% rise. The value then rose significantly to Rs 1,000 per sq.ft in 2007, showing a 121% increase. Following this, the value jumped to Rs 3,200 per sq.ft in 2012, which represented a 220% increase from the previous revision. However, it then dropped to Rs 2,144 per sq.ft in 2017, reflecting a decrease of 33%. The value rose again to Rs 3,200 per sq.ft in 2023, before reaching the current rate of Rs 3,520 per sq.ft in 2024, a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 798%. The register has no figure for the years not mentioned in this summary.

Guideline values in Ekkaduthangal

In Ekkaduthangal, there are 190 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 3,080 to Rs 8,800 per sq.ft, with a median value of Rs 4,620 per sq.ft. Kamatchiamman Koil Street's 2024 figure is below this median.

• Kannadasan Street: Rs 3,080 per sq.ft (2024)
• Kannagi Street: Rs 3,520 per sq.ft (2024)
• Kannan Street: Rs 3,520 per sq.ft (2024)
• Kalaimagal Nagar West Extension: Rs 6,610 per sq.ft (2024)
• Kalaimagal Nagar 4th Main Road: Rs 6,610 per sq.ft (2024)
• Kalaimagal Nagar 4th Cross St: Rs 6,610 per sq.ft (2024)

Stamp duty and registration fee for property in Kamatchiamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value would be Rs 35,20,000. The stamp duty at 7% would amount to Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, bringing the total cost for these fees to Rs 3,16,800. 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 more details.

Which Sub Registrar Office covers Kamatchiamman Koil Street?

The Sub Registrar Office that covers Kamatchiamman Koil 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 Ekkaduthangal

The guideline value is an essential factor in the registration process when buying or selling property in Ekkaduthangal. It determines the minimum value at which a property can be registered, impacting the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value serves as a benchmark. Buyers and sellers must consider this value to ensure compliance with the registration requirements set by the authorities.

Frequently asked questions

What is the current guideline value of Kamatchiamman Koil Street?

The current guideline value of Kamatchiamman Koil Street is Rs 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 392 per sq.ft in 2002 to Rs 3,520 per sq.ft in 2024, marking an overall increase of 798% over this period.

What is the stamp duty for property in Kamatchiamman Koil Street?

The stamp duty for property in Kamatchiamman Koil Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Kamatchiamman Koil Street located?

The Sub Registrar Office for Kamatchiamman Koil Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

What are the guideline values of other streets in Ekkaduthangal?

Other streets in Ekkaduthangal have varying guideline values, with rates ranging from Rs 3,080 to Rs 8,800 per sq.ft. Kamatchiamman Koil Street's value is Rs 3,520 per sq.ft, which is below the median value of Rs 4,620 per sq.ft in the village.