Guideline Value

Corporate

Guideline Value for Kamatch Nagar 1st Main Road

₹3600/sq.ft.

The guideline value for Kamatch Nagar 1st Main Road in Maduravoyal village (Virugambakkam SRO, Chennai zone) is Rs 3600 per sq.ft, effective 1 July 2024. It was Rs 3250 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Maduravoyal

Village

Virugambakkam

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹3600 /sq.ft.
From 1-4-2023 ₹3250 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2177 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3250 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹400 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Kamatch Nagar 1st Main Road

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Kamatch Nagar 1st Main Road guideline value

The current guideline value of Kamatch Nagar 1st Main Road is Rs 3,600 per sq.ft, effective from 1 July 2024. This street is located in Maduravoyal village and falls under the Virugambakkam SRO, classified as Residential Class I Type - II.

How the guideline value of Kamatch Nagar 1st Main Road has changed

The guideline value for Kamatch Nagar 1st Main Road has undergone several revisions over the years. The earliest recorded value was Rs 400 per sq.ft in 2007. This increased significantly to Rs 3,250 per sq.ft in 2012, marking a rise of 713%. However, it saw a decrease to Rs 2,177 per sq.ft in 2017, a decline of 33%. The value then surged to Rs 3,250 per sq.ft in 2023, and currently stands at Rs 3,600 per sq.ft from the 2024 revision, reflecting an increase of 11% from the previous year.

There are no recorded figures for the years 2002 and 2003 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 800%, illustrating significant changes over the years.

Guideline values in Maduravoyal

In Maduravoyal, there are 636 streets under the Virugambakkam SRO, with 2024 guideline values ranging from Rs 2,200 to Rs 6,050 per sq.ft. The median value is Rs 3,050 per sq.ft, placing Kamatch Nagar 1st Main Road's 2024 figure above this median.

Stamp duty and registration fee for property in Kamatch Nagar 1st Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,600 per sq.ft, the total guideline value amounts to Rs 36,00,000. The stamp duty is charged at 7%, resulting in Rs 2,52,000, while the registration fee at 2% adds Rs 72,000. Together, the total cost for stamp duty and registration fees would be Rs 3,24,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamatch Nagar 1st Main Road?

The Sub Registrar Office that covers Kamatch Nagar 1st Main Road is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Maduravoyal. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees, which are mandatory costs associated with the registration process.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly influences the financial obligations during property transactions. Ensuring accurate calculations based on the guideline value can help in avoiding any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Kamatch Nagar 1st Main Road?

The current guideline value of Kamatch Nagar 1st Main Road is Rs 3,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, starting from Rs 400 per sq.ft in 2007 to Rs 3,600 per sq.ft in 2024, reflecting an overall increase of 800% since 2007.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 36,00,000, the stamp duty would be Rs 2,52,000 and the registration fee would be Rs 72,000, totaling Rs 3,24,000.

What other streets in Maduravoyal have the same guideline value?

Other streets in Maduravoyal with the same guideline value of Rs 3,600 per sq.ft include Kamatch Nagar 1st Cross Street, Kamatch Nagar 2nd Cross Street, Kamatch Nagar 2nd Main Road, and Kamatch Nagar 4th Main Road.

Which Sub Registrar Office is responsible for Kamatch Nagar 1st Main Road?

The Virugambakkam Sub Registrar Office is responsible for Kamatch Nagar 1st Main Road, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.