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Guideline Value

Corporate

Guideline Value for Kamatch Nagar 2nd Cross Street

₹3600/sq.ft.

The guideline value for Kamatch Nagar 2nd Cross Street 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 Cross Street

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Kamatch Nagar 2nd Cross Street guideline value

The current guideline value of Kamatch Nagar 2nd Cross Street 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. The land classification for this area is Residential Class I Type - II.

How the guideline value of Kamatch Nagar 2nd Cross Street has changed

The guideline value for Kamatch Nagar 2nd Cross Street has seen several revisions over the years. In 2002, the value was Rs 220 per sq.ft. This increased to Rs 241 per sq.ft in 2003, marking a 10% rise. The value then rose significantly to Rs 400 per sq.ft in 2007, which was a 66% increase. By 2012, the value reached Rs 3,250 per sq.ft, reflecting a remarkable 713% increase from 2007. However, it dropped to Rs 2,177 per sq.ft in 2017, a decline of 33% from the previous revision. The value increased again to Rs 3,250 per sq.ft in 2023, followed by the current value of Rs 3,600 per sq.ft from 2024, representing an 11% rise from 2023.

Overall, from 2002 to 2024, the guideline value has increased by 1,536%. The register has no figures for the years not mentioned in the revisions.

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, placing Kamatch Nagar 2nd Cross Street above that median.

Stamp duty and registration fee for property in Kamatch Nagar 2nd Cross Street

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, bringing the total fees together to Rs 3,24,000. Duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamatch Nagar 2nd Cross Street?

The Sub Registrar Office that covers Kamatch Nagar 2nd Cross Street 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 the property registration process in Maduravoyal. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers should be aware that the fees are calculated based on the higher of the guideline value or the sale price.

When selling a property, the seller must ensure that the sale price is at least equal to the guideline value to avoid any legal complications. This ensures that all transactions are transparent and adhere to the regulations set by the registration department.

Frequently asked questions

What is the current guideline value of Kamatch Nagar 2nd Cross Street?

The current guideline value of Kamatch Nagar 2nd Cross Street 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 from Rs 220 per sq.ft in 2002 to Rs 3,600 per sq.ft in 2024, showing an overall increase of 1,536% over the years.

What is the land classification for Kamatch Nagar 2nd Cross Street?

The land classification for Kamatch Nagar 2nd Cross Street is Residential Class I Type - II.

Where can I find the Sub Registrar Office for Kamatch Nagar 2nd Cross Street?

The Virugambakkam Sub Registrar Office covers Kamatch Nagar 2nd Cross Street and is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 36,00,000 would incur a stamp duty of Rs 2,52,000 and a registration fee of Rs 72,000.