Guideline Value for Kamakodi Street

Kamakodi Street guideline value

The current guideline value of Kamakodi Street is Rs 2,920 per sq.ft, effective from 1 July 2024. This street is located in Hastinapuram village, under the Pallavaram SRO, and is classified as Residential Class I Type - II.

How the guideline value of Kamakodi Street has changed

The guideline value for Kamakodi Street has undergone several revisions over the years. The 2007 revision set the value at Rs 700 per sq.ft, which increased significantly to Rs 2,700 per sq.ft in 2012, marking a substantial rise of 286%. However, from 2012 to 2017, the value decreased to Rs 1,809 per sq.ft, reflecting a decline of 33%. The following revision in 2023 raised the value to Rs 2,700 per sq.ft, and the most recent revision in 2024 set it at Rs 2,920 per sq.ft, an increase of 8% from the previous year.

The revisions for the years 2002 and 2003 do not have figures recorded for Kamakodi Street in the register.

Guideline values in Hastinapuram

In Hastinapuram, there are 277 streets under the Pallavaram SRO with a 2024 guideline value ranging from Rs 1,650 to Rs 4,400 per sq.ft. The median guideline value for these streets is Rs 2,970 per sq.ft, placing Kamakodi Street's 2024 value below this median.

• Kambar Street: Rs 1,650 per sq.ft (2024)
• Kadariammbal Nagar: Rs 2,970 per sq.ft (2024)
• Kannabiran Koil Street: Rs 1,650 per sq.ft (2024)
• Kadai Amman Nagar: Rs 1,650 per sq.ft (2024)
• Kannagi Street: Rs 1,650 per sq.ft (2024)
• Kannammal Nagar: Rs 3,300 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 2,920 per sq.ft, the total guideline value would be Rs 29,20,000. The stamp duty at 7% would amount to Rs 2,04,400, and the registration fee at 2% would be Rs 58,400, bringing the total charges to Rs 2,62,800. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Kamakodi Street?

Kamakodi Street is covered by the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration process of property transactions in Hastinapuram. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to assess the applicable charges, which are calculated based on either the guideline value or the sale price, whichever is higher. This ensures transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Kamakodi Street?

The current guideline value of Kamakodi Street is Rs 2,920 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2007 to Rs 2,920 per sq.ft in 2024, representing an overall increase of 317% over the years.

What is the land classification for Kamakodi Street?

Kamakodi Street is classified as Residential Class I Type - II under the land classification system.

Where can I calculate the stamp duty and registration fee?

You can calculate the stamp duty and registration fee using the stamp duty and registration fee calculator available online.

Which office handles registrations for Kamakodi Street?

The Pallavaram Sub Registrar Office handles registrations for Kamakodi Street, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.