Guideline Value for Kamakshi Street

Kamakshi Street guideline value

The current guideline value of Kamakshi Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village, under the Madhavaram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Kamakshi Street has changed

The guideline value for Kamakshi Street has seen several revisions over the years. The 2017 revision recorded a value of Rs 1,340 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in the 2023 revision. The latest 2024 revision has further raised the guideline value to Rs 2,200 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

There are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for Kamakshi Street. The changes observed between the 2017 and 2023 revisions reflect a substantial increase of 49%, highlighting the evolving valuation of this property over time.

Guideline values in Kodungaiyur

Kodungaiyur village has a total of 1,318 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,900 to Rs 4,000 per sq.ft as per the 2024 revision. The median guideline value in this area is Rs 2,700 per sq.ft, placing Kamakshi Street's 2024 figure below this median.

• Kamarajar Nagar: Rs 2,700 per sq.ft (2024)
• Kamarajar Salai 10th Lane: Rs 1,900 per sq.ft (2024)
• Kamarajar Salai 1st Cross Street: Rs 2,200 per sq.ft (2024)
• Kamarajar Salai 1st Lane: Rs 1,900 per sq.ft (2024)
• Kamarajar Salai 2nd Cross Street: Rs 2,200 per sq.ft (2024)
• Kamarajar Salai 2nd Lane: Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in Kamakshi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kamakshi Street?

The Sub Registrar Office that covers Kamakshi Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Kodungaiyur, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate applicable stamp duty and registration fees, ensuring compliance with local regulations.

It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process. This value serves as a benchmark for property transactions, reflecting the official valuation set by the Registration Department.

Frequently asked questions

What is the current guideline value of Kamakshi Street?

The current guideline value of Kamakshi Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 64% over this period.

What is the stamp duty for properties in Kamakshi Street?

The stamp duty for properties in Kamakshi Street is calculated at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What is the land classification for Kamakshi Street?

Kamakshi Street is classified as Residential Class II Type - I, indicating its designation for residential purposes.