Guideline Value for KOMATHY STAR CITY

Komathy Star City guideline value

The current guideline value of Komathy Star City is Rs 2,750 per sq.ft, effective from 1 July 2024. This property is located in Madambakkam village, under the Selaiyur SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Komathy Star City has changed

In the 2012 revision, the guideline value was Rs 2,500 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 2,500 per sq.ft. However, with the 2024 revision, the guideline value increased to Rs 2,750 per sq.ft, marking a 10% rise from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, 2007, and 2017 for this street.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value for these streets is Rs 2,400 per sq.ft, placing the 2024 figure for Komathy Star City above this median.

• Kovilanjery Link Road: Rs 1,300 per sq.ft (2024)
• Kovilanjery Road: Rs 1,300 per sq.ft (2024)
• Kattabomman Street: Rs 1,300 per sq.ft (2024)
• Kaspapuram Road: Rs 1,300 per sq.ft (2024)
• Karumari Amman Nagar-Sri Devi Nagar Main Road: Rs 1,300 per sq.ft (2024)
• Karumari Amman Nagar Main Road: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Komathy Star City

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total to Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Komathy Star City?

The Sub Registrar Office that covers Komathy Star City is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process of property transactions in Madambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate revenue from stamp duty and registration fees.

When buying or selling a property, it is essential to consider the guideline value as it affects the overall cost of the transaction. Buyers should be aware that the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Komathy Star City?

The current guideline value of Komathy Star City is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has increased from Rs 2,500 per sq.ft to Rs 2,750 per sq.ft in 2024, marking a 10% increase overall.

What are the other streets in Madambakkam and their guideline values?

Other streets in Madambakkam include Kovilanjery Link Road, Kovilanjery Road, Kattabomman Street, Kaspapuram Road, Karumari Amman Nagar-Sri Devi Nagar Main Road, and Karumari Amman Nagar Main Road, all at Rs 1,300 per sq.ft in 2024.

What is the stamp duty rate in Tamil Nadu?

The stamp duty rate in Tamil Nadu is typically 7% of the guideline value or sale price, whichever is higher.

Where can I find my Sub Registrar Office?

You can find your Sub Registrar Office by visiting the relevant link provided on the Tamil Nadu registration website.