Guideline Value for Kamatchi 1st Main Road

Kamatchi 1st Main Road guideline value

The current guideline value of Kamatchi 1st Main Road is Rs 2,200 per sq.ft, effective from 1 July 2024. This road is located in Thirumullaivoyal village, under the Ambattur SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Kamatchi 1st Main Road has changed

Over the years, the guideline value for Kamatchi 1st Main Road has seen several revisions. The earliest recorded figure is from 2007, where the value was Rs 400 per sq.ft. This increased significantly to Rs 2,000 per sq.ft in 2012, marking a 400% rise. However, from 2012 to 2017, the value decreased to Rs 1,340 per sq.ft, a drop of 33%. The most recent revision in 2024 set the guideline value at Rs 2,200 per sq.ft, representing a 64% increase from the 2017 figure.

It is important to note that the register has no figures for the years 2023, 2003, and 2002 concerning this street. Overall, from 2007 to 2024, the guideline value has increased by 450%.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO, with guideline values ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value for the area is Rs 2,400 per sq.ft, placing Kamatchi 1st Main Road's 2024 figure below this median.

• Kamatchi 1st Cross Street: Rs 2,200 per sq.ft (2024)
• Kamatchi 15th Cross Street: Rs 2,200 per sq.ft (2024)
• Kamatchi 14th Cross Street: Rs 2,200 per sq.ft (2024)
• Kamatchi 2nd Cross Street: Rs 2,200 per sq.ft (2024)
• Kamatchi 13th Cross Street: Rs 2,200 per sq.ft (2024)
• Kamatchi 12th Cross Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Kamatchi 1st Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, while the registration fee at 2% would be Rs 44,000. Together, the total charges would be Rs 1,98,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kamatchi 1st Main Road?

The Kamatchi 1st Main Road falls under the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor during property registration in Thirumullaivoyal. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property transactions.

When a property is bought or sold, the guideline value is used to determine the taxes owed, which can influence the overall cost of the transaction. Buyers should be aware of the current guideline value to accurately assess their financial obligations.

Frequently asked questions

What is the current guideline value of Kamatchi 1st Main Road?

The current guideline value of Kamatchi 1st Main Road is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, increasing from Rs 400 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, which is a total increase of 450% over the years.

What are the stamp duty and registration fees for properties on this road?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which office handles registrations for Kamatchi 1st Main Road?

The Ambattur Sub Registrar Office handles registrations for Kamatchi 1st Main Road, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai.

What is the median guideline value in Thirumullaivoyal?

The median guideline value in Thirumullaivoyal is Rs 2,400 per sq.ft, which is above the current guideline value of Kamatchi 1st Main Road.