Guideline Value for Kamagodi Street

Kamagodi Street guideline value

The current guideline value of Kamagodi Street is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village, under the Ambattur SRO, and is classified as Residential Special Type - I.

How the guideline value of Kamagodi Street has changed

The guideline value for Kamagodi Street has seen several revisions over the years. In 2002, the value was Rs 75 per sq.ft, which increased to Rs 110 per sq.ft in 2003. Following this, the value rose significantly to Rs 600 per sq.ft in 2007, and then to Rs 2,200 per sq.ft in 2012. However, it decreased to Rs 1,474 per sq.ft in 2017. The value then increased to Rs 2,200 per sq.ft in 2023, and finally to Rs 2,400 per sq.ft in 2024.

Between the revisions, there have been notable changes. The increase from 2017 to 2023 was +49%, while the change from 2023 to 2024 was +9%. The largest increase occurred from 2003 to 2007, which was +445%. Overall, from 2002 to 2024, the guideline value has increased by +3100%.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 3,500 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, making Kamagodi Street's 2024 figure above that median.

• Kamakodi Extn 1st Cross Street: Rs 2,400 per sq.ft (2024)
• Kalyaniamman Street: Rs 1,600 per sq.ft (2024)
• Kamalapuram Colony: Rs 2,400 per sq.ft (2024)
• Kamarajar St (maruthi Nagar): Rs 1,300 per sq.ft (2024)
• Kamarajar Street(A.K.A. Nagar): Rs 1,400 per sq.ft (2024)
• Kamarajar Street (S.V.Nagar): Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Kamagodi Street

For a 1,000 sq.ft plot at the current rate of Rs 2,400 per sq.ft, the guideline value amounts to Rs 24,00,000. The stamp duty at 7% would be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, totaling Rs 2,16,000. 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 information.

Which Sub Registrar Office covers Kamagodi Street?

The Sub Registrar Office that covers Kamagodi Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role when buying or selling property in Oragadam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value during negotiations to ensure compliance with legal requirements.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Kamagodi Street?

The current guideline value of Kamagodi Street is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 75 per sq.ft in 2002 to Rs 2,400 per sq.ft in 2024, reflecting an overall increase of +3100% over this period.

What is the land classification for Kamagodi Street?

Kamagodi Street is classified as Residential Special Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties in Kamagodi Street?

For a property valued at Rs 24,00,000, the stamp duty would be Rs 1,68,000 and the registration fee would be Rs 48,000, totaling Rs 2,16,000.

Which office handles registrations for Kamagodi Street?

The Ambattur Sub Registrar Office handles registrations for Kamagodi Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.