Guideline Value for Kamatchi 4th Street (Kurinji Street)

Kamatchi 4th Street (Kurinji Street) guideline value

The current guideline value of Kamatchi 4th Street (Kurinji Street) is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village and falls under the Madhavaram SRO, classified as Residential Class II Type - I.

How the guideline value of Kamatchi 4th Street (Kurinji Street) has changed

Over the years, the guideline value of Kamatchi 4th Street has seen several revisions. The 2012 revision set the value at Rs 2,000 per sq.ft, which then decreased to Rs 1,340 per sq.ft in the 2017 revision. However, from 2017 to 2024, the value increased significantly by 64%, reaching the current rate of Rs 2,200 per sq.ft. It is important to note that the register has no figure for this street for the years 2002, 2003, 2007, and 2023.

When we look at the changes, the guideline value decreased by 33% from 2012 to 2017, but overall, from 2012 to 2024, there has been a slight increase of 10%. The current value of Rs 2,200 per sq.ft is reflective of the latest revision and indicates a notable shift in the valuation of this street.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,900 to Rs 4,000 per sq.ft in 2024. The median value for these streets is Rs 2,700 per sq.ft, placing Kamatchi 4th Street's 2024 figure below that median.

• Kamatchi 3rd Street (Kurinji Street): Rs 2,200 per sq.ft (2024)
• Kamatchi 2nd Street (Kurinji Street): Rs 2,200 per sq.ft (2024)
• Kamatchi 1st Street (Kurinji Street): Rs 2,200 per sq.ft (2024)
• Kamarasan 5th Street: Rs 2,200 per sq.ft (2024)
• Kamarasan 4th Street: Rs 2,200 per sq.ft (2024)
• Kamarasan 3rd Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Kamatchi 4th Street (Kurinji Street)

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, these fees would total 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 4th Street (Kurinji Street)?

The Sub Registrar Office that covers Kamatchi 4th Street (Kurinji Street) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more details.

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

The guideline value is an essential factor when registering property transactions in Kodungaiyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction reflects a fair value in accordance with government regulations.

When you buy or sell property, the guideline value helps in calculating the stamp duty and registration fees, which are based on this value or the sale price, whichever is higher. This ensures that all transactions are documented accurately and in compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Kamatchi 4th Street?

The current guideline value of Kamatchi 4th Street (Kurinji Street) 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 changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, and then increased to Rs 2,200 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2007, and 2023.

What is the land classification of Kamatchi 4th Street?

Kamatchi 4th Street (Kurinji Street) is classified as Residential Class II Type - I under the Madhavaram SRO.

How does the guideline value compare to other streets in Kodungaiyur?

The guideline value of Rs 2,200 per sq.ft for Kamatchi 4th Street is below the median value of Rs 2,700 per sq.ft for the 1,318 streets in Kodungaiyur under the Madhavaram SRO.

Where can I find the Sub Registrar Office for Kamatchi 4th Street?

The Sub Registrar Office for Kamatchi 4th Street (Kurinji Street) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.