Guideline Value for Kamatchi Nagar Main Road

Kamatchi Nagar Main Road guideline value

The current guideline value of Kamatchi Nagar Main Road is Rs 1,300 per sq.ft, effective from 1 July 2024. This road is located in Madambakkam village and falls under the Selaiyur SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Kamatchi Nagar Main Road has changed

The guideline value for Kamatchi Nagar Main Road has undergone several revisions over the years. The oldest recorded figure is from 2012, where the guideline value was Rs 1,200 per sq.ft. This was followed by a decrease to Rs 804 per sq.ft in the 2017 revision. The most recent revision in 2024 saw an increase to Rs 1,300 per sq.ft.

From 2017 to 2024, there was a significant increase of 62% in the guideline value. However, from 2012 to 2017, the value decreased by 33%. Overall, comparing the figures from 2012 to 2024, there has been a slight increase of 8% in the guideline value.

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, with a median value of Rs 2,400 per sq.ft. The guideline value for Kamatchi Nagar Main Road is below this median.

• Kamatchi Nagar Cross Street: 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 Main Road

For a 1,000 sq.ft plot at the current rate of Rs 1,300 per sq.ft, the 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. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamatchi Nagar Main Road?

The Sub Registrar Office that covers Kamatchi Nagar Main Road 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 details.

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

The guideline value is a crucial factor in the registration process of property transactions in Madambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency and standardization in property dealings.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. It is essential for both buyers and sellers to be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kamatchi Nagar Main Road?

The current guideline value of Kamatchi Nagar Main Road 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 to Rs 1,300 per sq.ft in 2024. This represents a decrease of 33% from 2012 to 2017, followed by a 62% increase from 2017 to 2024.

What is the land classification of Kamatchi Nagar Main Road?

The land classification for Kamatchi Nagar Main Road is Residential Class II Type - II.

What are the stamp duty and registration fees for properties in Kamatchi Nagar Main Road?

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 and the registration fee would be Rs 26,000, totaling Rs 1,17,000. The duty is charged on the higher of the guideline value or the sale price.

Which office handles the registration for Kamatchi Nagar Main Road?

The Selaiyur Sub Registrar Office handles the registration for Kamatchi Nagar Main Road. It is located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.