Guideline Value for Kamachi Nagar 3rd Cross St

Kamachi Nagar 3rd Cross St guideline value

The current guideline value of Kamachi Nagar 3rd Cross St is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Kadaperi village under the Tambaram Joint 1 SRO, and it falls under the Residential Special Type - I land classification.

How the guideline value of Kamachi Nagar 3rd Cross St has changed

The guideline value for Kamachi Nagar 3rd Cross St has seen significant changes over the years. In 2007, the guideline value was Rs 850 per sq.ft, which increased to Rs 2,500 per sq.ft in 2012. However, it then decreased to Rs 1,675 per sq.ft by 2017. The 2023 revision saw a rise to Rs 2,500 per sq.ft, followed by the latest revision in 2024, which set the value at Rs 2,750 per sq.ft.

Between the revisions, the guideline value increased by 194% from 2007 to 2012, decreased by 33% from 2012 to 2017, and then rose by 49% from 2017 to 2023. The jump from 2023 to 2024 reflects a 10% increase. Overall, the guideline value has increased by 224% from the 2007 figure to the current 2024 figure.

Guideline values in Kadaperi

In Kadaperi, there are 142 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, with figures ranging from Rs 880 to Rs 7,700 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, placing Kamachi Nagar 3rd Cross St above this median.

• Kamachi Nagar 2-nd St: Rs 2,750 per sq.ft (2024)
• Kamachi Nagar 1-st St: Rs 2,750 per sq.ft (2024)
• Kalyana Sundaram Street: Rs 1,320 per sq.ft (2024)
• Kamarajar Nagar (North)Amarar Jeeva Street: Rs 1,650 per sq.ft (2024)
• kalangal Street: Rs 880 per sq.ft (2024)
• Kalaingar street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Kamachi Nagar 3rd Cross St

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total 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 the stamp duty and registration fee calculator to estimate fees for your property transactions.

Which Sub Registrar Office covers Kamachi Nagar 3rd Cross St?

The Kamachi Nagar 3rd Cross St falls under the Tambaram Joint 1 Sub Registrar Office, located at No.26, mes Road, East Tambaram, Chennai-600059, 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 Kadaperi

The guideline value is a crucial factor in property transactions in Kadaperi. It serves as a benchmark for determining the minimum value of a property for registration purposes. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value helps in calculating the stamp duty and registration fees. These fees are based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kamachi Nagar 3rd Cross St?

The current guideline value of Kamachi Nagar 3rd Cross St is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 850 per sq.ft in 2007 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 224% over this period.

What are the stamp duty and registration fees for properties in Kamachi Nagar 3rd Cross St?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 1,92,500, and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Which Sub Registrar Office covers Kamachi Nagar 3rd Cross St?

The Tambaram Joint 1 Sub Registrar Office covers Kamachi Nagar 3rd Cross St, located at No.26, mes Road, East Tambaram, Chennai-600059.

What is the land classification for Kamachi Nagar 3rd Cross St?

Kamachi Nagar 3rd Cross St is classified as Residential Special Type - I, indicating its suitability for residential development.