Guideline Value for KAMATCHIAMMAN WEST MADA STREET

Kamatchiamman West Mada Street guideline value

The current guideline value of Kamatchiamman West 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 West Mada Street has changed

The guideline value for Kamatchiamman West Mada Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which was then reduced to Rs 1,005 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,500 per sq.ft in the 2023 revision and further to Rs 1,650 per sq.ft in the 2024 revision.

From 2012 to 2017, the value decreased by 33%. However, it saw a substantial increase of 49% from 2017 to 2023. The most recent change from 2023 to 2024 reflects a 10% increase, bringing the overall change from 2012 to 2024 to a 10% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kanchipuram Town

In Kanchipuram Town, there are 85 streets under the Kanchipuram Joint I SRO that have 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 is equal to the current guideline value of Kamatchiamman West Mada Street.

• Kamatchiamman South Mada Street: Rs 1,650 per sq.ft (2024)
• Kamatchiamman Sannathi Street: Rs 2,200 per sq.ft (2024)
• Kamatchiamman North 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 West Mada Street

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, totaling Rs 1,48,500. It is important to 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 more details.

Which Sub Registrar Office covers Kamatchiamman West Mada Street?

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

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

The guideline value plays a crucial role in property transactions in Kanchipuram Town. It is used to determine the stamp duty and registration fees that must be paid during the sale or purchase of property. Buyers and sellers must consider this value to ensure compliance with local regulations.

When registering a property, the guideline value is assessed to calculate the applicable fees. This ensures that the transaction is recorded accurately and that the government receives the appropriate revenue from property sales.

Frequently asked questions

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

The current guideline value of Kamatchiamman West Mada Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has seen various revisions, with the most recent increase being from Rs 1,500 per sq.ft in 2023 to Rs 1,650 per sq.ft in 2024, a 10% increase.

What is the registration office for Kamatchiamman West Mada Street?

The registration office for Kamatchiamman West Mada Street is the Kanchipuram Joint I Sub Registrar Office, located at No.52 Orikkai Madura, Udhayamangalam Village, Near Anna Kudiyiruppu, Kanchipuram -631502.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 16,50,000 would incur a stamp duty of Rs 1,15,500 at 7%.

What is the land classification for Kamatchiamman West Mada Street?

Kamatchiamman West Mada Street is classified as Residential Class II Type - III, indicating its designation for residential use within the Kanchipuram Town guidelines.