Guideline Value for Kamatchi Nagar Cross Street

Kamatchi Nagar Cross Street guideline value

The current guideline value of Kamatchi Nagar Cross Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Madambakkam village, under the Selaiyur SRO, and is classified as Residential Class II Type - II.

How the guideline value of Kamatchi Nagar Cross Street has changed

In 2012, the guideline value for Kamatchi Nagar Cross Street was Rs 1,200 per sq.ft. This figure decreased to Rs 804 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2024, the value increased significantly to Rs 1,300 per sq.ft, reflecting a rise of 62%. Overall, from 2012 to 2024, the guideline value has seen a slight increase of 8%.

The register has no figures for the years 2002, 2003, 2007, and 2023 for this street.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median value for these streets is Rs 2,400 per sq.ft, indicating that Kamatchi Nagar Cross Street's 2024 guideline value is below the median.

• Kamatchi Nagar Main Road: Rs 1,300 per sq.ft (2024)
• Kamatchi Nagar 2nd Street: Rs 1,300 per sq.ft (2024)
• Kamatchi Nagar 1st Street: Rs 1,300 per sq.ft (2024)
• Kamatchi Nagar: Rs 1,300 per sq.ft (2024)
• Kamaraj Nagar Main Road: Rs 1,900 per sq.ft (2024)
• Kamaraj Nagar 3rd Street: Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in Kamatchi Nagar Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. Duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kamatchi Nagar Cross Street?

The Sub Registrar Office that covers Kamatchi Nagar Cross Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Madambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is sold, the guideline value is used to ensure that the transaction is recorded accurately in the official register. This helps maintain transparency and consistency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Kamatchi Nagar Cross Street?

The current guideline value of Kamatchi Nagar Cross Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, and then increased to Rs 1,300 per sq.ft in 2024. This reflects a decrease of 33% from 2012 to 2017, followed by a 62% increase from 2017 to 2024.

What is the median guideline value in Madambakkam?

The median guideline value for streets in Madambakkam under the Selaiyur SRO is Rs 2,400 per sq.ft. Kamatchi Nagar Cross Street's 2024 guideline value is below this median.

What are the stamp duty rates for properties in Kamatchi Nagar Cross Street?

The stamp duty for properties in Kamatchi Nagar Cross Street is charged at 7% of the guideline value or the sale price, whichever is higher. For example, on a plot valued at Rs 13,00,000, the stamp duty would be Rs 91,000.

Which office handles property registrations for Kamatchi Nagar Cross Street?

The Selaiyur Sub Registrar Office handles property registrations for Kamatchi Nagar Cross Street. It is located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Chennai - 600 073.