Guideline Value for Kamarasan 4th Street

Kamarasan 4th Street guideline value

The current guideline value of Kamarasan 4th 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 Kamarasan 4th Street has changed

The guideline value has undergone several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which then decreased to Rs 1,340 per sq.ft in the 2017 revision. However, the most recent 2024 revision has increased this value to Rs 2,200 per sq.ft, marking a significant increase of 64% from the 2017 figure. Overall, from the 2012 to the 2024 revision, there has been a slight increase of 10%.

It is important to note that there are no figures available for the years 2023, 2007, 2003, and 2002 for Kamarasan 4th Street. The changes between the revisions highlight fluctuations in the guideline value, with the most notable increase occurring in the latest revision.

Guideline values in Kodungaiyur

Kodungaiyur has a total of 1,318 streets under the Madhavaram SRO that carry a guideline value for 2024, ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median guideline value for these streets is Rs 2,700 per sq.ft, indicating that Kamarasan 4th Street's 2024 figure is below this median.

• Kamarasan 3rd Street: Rs 2,200 per sq.ft (2024)
• Kamarasan 5th Street: Rs 2,200 per sq.ft (2024)
• Kamarasan 2nd Street: Rs 2,200 per sq.ft (2024)
• Kamarasan 1st Street: Rs 2,200 per sq.ft (2024)
• Kamatchi 1st Street (Kurinji Street): Rs 2,200 per sq.ft (2024)
• Kamatchi 2nd Street (Kurinji Street): Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Kamarasan 4th Street

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. Please note that the 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 details.

Which Sub Registrar Office covers Kamarasan 4th Street?

The Kamarasan 4th Street falls under the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in property transactions 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 the stamp duty and registration fees, ensuring compliance with local regulations.

It is essential for buyers and sellers to be aware of the guideline value, as it reflects the official valuation of properties in the area. This value is updated periodically and can influence the overall costs associated with property transactions.

Frequently asked questions

What is the current guideline value of Kamarasan 4th Street?

The current guideline value of Kamarasan 4th Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, and then to Rs 2,200 per sq.ft in 2024. This represents a 64% increase from 2017 to 2024 and an overall increase of 10% from 2012 to 2024.

What are the other streets in Kodungaiyur with the same guideline value?

Several other streets in Kodungaiyur have the same guideline value of Rs 2,200 per sq.ft for 2024, including Kamarasan 1st, 2nd, 3rd, 5th Streets, and Kamatchi 1st and 2nd Streets.

What are the stamp duty and registration fees for properties in Kamarasan 4th Street?

For a 1,000 sq.ft plot at the guideline value of Rs 2,200 per sq.ft, the total stamp duty and registration fees would amount to Rs 1,98,000, which includes Rs 1,54,000 for stamp duty and Rs 44,000 for registration fees.

Which office handles registrations for Kamarasan 4th Street?

The Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060, handles registrations for Kamarasan 4th Street.