Guideline Value

Corporate

Guideline Value for Kamatch Nagar 4th Main Road

₹3600/sq.ft.

The guideline value for Kamatch Nagar 4th 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 4th Main Road

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Kamatch Nagar 4th Main Road guideline value

The current guideline value for Kamatch Nagar 4th Main Road is Rs 3,600 per sq.ft, effective from 1 July 2024. This road is located in Maduravoyal village and falls under the Virugambakkam SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Kamatch Nagar 4th Main Road has changed

The guideline value for Kamatch Nagar 4th Main Road has seen significant changes over the years. In 2002, the value was Rs 220 per sq.ft, which increased to Rs 241 per sq.ft in 2003, marking a 10% rise. The value then rose to Rs 400 per sq.ft in 2007, reflecting a substantial increase of 66%. Following this, the value surged dramatically to Rs 3,250 per sq.ft in 2012, which was a remarkable increase of 713%. However, from 2012 to 2017, the value decreased to Rs 2,177 per sq.ft, a decline of 33%. The guideline value then increased to Rs 3,250 per sq.ft in 2023, and as of 2024, it stands at Rs 3,600 per sq.ft, representing an 11% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1,536%. There are no figures available for the years not mentioned in the register for this street.

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. The median value for these streets is Rs 3,050 per sq.ft, and Kamatch Nagar 4th Main Road's 2024 figure is above this median.

Stamp duty and registration fee for property in Kamatch Nagar 4th 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 at 7% would be Rs 2,52,000, and the registration fee at 2% would be Rs 72,000, resulting in a total of 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 use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kamatch Nagar 4th Main Road?

The Sub Registrar Office that covers Kamatch Nagar 4th 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 is a crucial factor in the registration process when buying or selling property in Maduravoyal. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the government.

When a property is registered, the guideline value is checked against the sale price. The higher of the two values is used to determine the applicable stamp duty and registration fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value for Kamatch Nagar 4th Main Road?

The current guideline value for Kamatch Nagar 4th Main Road 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, increasing from Rs 220 per sq.ft in 2002 to Rs 3,600 per sq.ft in 2024, an overall increase of 1,536%.

What is the land classification for Kamatch Nagar 4th Main Road?

The land classification for Kamatch Nagar 4th Main Road is Residential Class I Type - II.

Where can I find the Sub Registrar Office for Kamatch Nagar 4th Main Road?

The Virugambakkam Sub Registrar Office covers Kamatch Nagar 4th Main Road, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is the stamp duty calculated for properties in Kamatch Nagar 4th Main Road?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 36,00,000, the stamp duty would be Rs 2,52,000 at 7%.