Guideline Value for Kamakodi Street

Kamakodi Street guideline value

The current guideline value of Kamakodi Street is Rs 1,000 per sq.ft, effective from 1 July 2024. This street is located in Menambedu village under the Ambattur SRO, classified as Residential Class III Type - I.

How the guideline value of Kamakodi Street has changed

The guideline value for Kamakodi Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 1,000 per sq.ft. The 2017 revision recorded a lower value of Rs 670 per sq.ft, indicating a decrease of 33% from the 2012 figure. The 2024 revision again holds the value steady at Rs 1,000 per sq.ft, showing no change from the previous year.

For the period from 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, the guideline value has not changed, remaining at Rs 1,000 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Menambedu

In Menambedu, there are 171 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 6,680 per sq.ft, with a median value of Rs 1,003 per sq.ft. Kamakodi Street's 2024 guideline value is below this median.

• Kallikuppam Road: Rs 1,700 per sq.ft (2024)
• Kamarajar Nagar: Rs 1,002 per sq.ft (2024)
• Kamarajar salai: Rs 1,002 per sq.ft (2024)
• Kamathenu Street: Rs 1,700 per sq.ft (2024)
• Kambar Street: Rs 1,001 per sq.ft (2024)
• Kaniappa Reddy Street: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Kamakodi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, making the total cost for these fees Rs 90,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kamakodi Street?

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

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

The guideline value is a crucial factor when buying or selling property in Menambedu, as it determines the minimum value at which a property can be registered. This value is used to calculate the applicable stamp duty and registration fees during the property transaction process.

When you register a property, the guideline value serves as a benchmark for tax calculations, ensuring that the government receives appropriate revenue from property transactions. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Kamakodi Street?

The current guideline value of Kamakodi Street is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,000 per sq.ft from 2012 to 2024, with a notable increase of 49% from Rs 670 per sq.ft in 2017 to Rs 1,000 in 2023.

What is the land classification for Kamakodi Street?

Kamakodi Street is classified as Residential Class III Type - I.

What are the stamp duty and registration fees for property in Kamakodi Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 10,00,000. The stamp duty would be Rs 70,000, and the registration fee would be Rs 20,000, totaling Rs 90,000.

Which Sub Registrar Office covers Kamakodi Street?

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