Guideline Value

Corporate

Guideline Value for Kamatch Nagar 3rd Main Rroad

₹3600/sq.ft.

The guideline value for Kamatch Nagar 3rd Main Rroad 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 3rd Main Rroad

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Kamatch Nagar 3rd Main Rroad guideline value

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

How the guideline value of Kamatch Nagar 3rd Main Rroad has changed

The guideline value for Kamatch Nagar 3rd Main Rroad has seen several revisions over the years. In 2007, the guideline value was Rs 400 per sq.ft, which increased significantly to Rs 3,250 per sq.ft in 2012. However, this figure dropped to Rs 2,177 per sq.ft in 2017, marking a decrease of 33%. The value then rose sharply to Rs 3,250 per sq.ft in 2023, followed by a further increase to Rs 3,600 per sq.ft in the 2024 revision, reflecting an 11% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 800%. Notably, there are no figures available for the years 2002 and 2003 for this street in the register.

Guideline values in Maduravoyal

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

Stamp duty and registration fee for property in Kamatch Nagar 3rd Main Rroad

For a 1,000 sq.ft plot at the current rate of Rs 3,600 per sq.ft, the guideline value amounts to Rs 36,00,000. The applicable stamp duty at 7% would be Rs 2,52,000, and the registration fee at 2% would be Rs 72,000, totaling Rs 3,24,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Kamatch Nagar 3rd Main Rroad?

The Sub Registrar Office that covers Kamatch Nagar 3rd Main Rroad is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. To find your SRO, you can visit 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 serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction process.

When a property is bought or sold, the guideline value is used to calculate the applicable taxes, ensuring that the transaction is recorded accurately with the local authorities. This helps maintain transparency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Kamatch Nagar 3rd Main Rroad?

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

How much has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 400 per sq.ft in 2007 to Rs 3,600 per sq.ft in 2024, reflecting an overall increase of 800%.

What is the stamp duty for property in Kamatch Nagar 3rd Main Rroad?

The stamp duty for property in Kamatch Nagar 3rd Main Rroad is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Kamatch Nagar 3rd Main Rroad located?

The Sub Registrar Office for Kamatch Nagar 3rd Main Rroad is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What are the guideline values of other streets in Maduravoyal?

Other streets in Maduravoyal have varying guideline values. For example, Kamatch Nagar 2nd Main Road and Kamatch Nagar 2nd Cross Street both have a guideline value of Rs 3,600 per sq.ft in 2024, while Kamatch Nagar 4th Cross Street is valued at Rs 4,950 per sq.ft.