Guideline Value

Corporate

Guideline Value for Kamatch Nagar 2nd Main Road

₹3600/sq.ft.

The guideline value for Kamatch Nagar 2nd 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 ₹241 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹220 /sq.ft.
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 2nd Main Road

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Kamatch Nagar 2nd Main Road guideline value

The current guideline value of Kamatch Nagar 2nd Main Road is Rs 3,600 per sq.ft, effective from 1 July 2024. This road is located in Maduravoyal village, under the Virugambakkam SRO, and is classified as Residential Class I Type - II.

How the guideline value of Kamatch Nagar 2nd Main Road has changed

The guideline value for Kamatch Nagar 2nd Main Road has undergone several revisions over the years. The earliest recorded figure is from 2002, where the value was Rs 220 per sq.ft. This increased to Rs 241 per sq.ft in 2003, marking a 10% rise. By 2007, the value jumped significantly to Rs 400 per sq.ft, reflecting a 66% increase. The 2012 revision saw the value rise to Rs 3,250 per sq.ft, which was a substantial increase of 713% from the previous figure. However, this was followed by a decrease to Rs 2,177 per sq.ft in 2017, representing a decline of 33%.

In 2023, the guideline value was revised to Rs 3,250 per sq.ft, and in the latest revision for 2024, it has risen to Rs 3,600 per sq.ft, which is an 11% increase. Overall, from 2002 to 2024, the guideline value has increased by 1,536%.

Guideline values in Maduravoyal

In Maduravoyal, there are 636 streets under the Virugambakkam SRO, with guideline values ranging from Rs 2,200 to Rs 6,050 per sq.ft. The median value is Rs 3,050 per sq.ft, indicating that the 2024 guideline value for Kamatch Nagar 2nd Main Road is above this median.

Stamp duty and registration fee for property in Kamatch Nagar 2nd 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 would be Rs 36,00,000. The stamp duty at 7% would amount to Rs 2,52,000, and the registration fee at 2% would be Rs 72,000, making the total cost Rs 3,24,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kamatch Nagar 2nd Main Road?

The Sub Registrar Office that covers Kamatch Nagar 2nd Main Road is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. For more information, you can find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Maduravoyal. It determines the minimum value on which stamp duty and registration fees are calculated. Buyers and sellers must be aware of the guideline value to ensure they comply with the legal requirements during the registration process.

When a property is bought or sold, the guideline value serves as a reference point for taxation purposes. It is essential for both parties to understand the guideline value to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value of Kamatch Nagar 2nd Main Road?

The current guideline value of Kamatch Nagar 2nd 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 changed significantly from Rs 220 per sq.ft in 2002 to Rs 3,600 per sq.ft in 2024, representing an overall increase of 1,536%.

What are the stamp duty and registration fees for property transactions?

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.

Which office handles property registrations for Kamatch Nagar 2nd Main Road?

The Virugambakkam Sub Registrar Office handles property registrations for Kamatch Nagar 2nd Main Road, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the land classification for Kamatch Nagar 2nd Main Road?

Kamatch Nagar 2nd Main Road is classified as Residential Class I Type - II.