Guideline Value for Kamatchi Amman Koil Street

Kamatchi Amman Koil Street guideline value

The current guideline value of Kamatchi Amman Koil Street is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Mangadu -A village, under the Kunrathur SRO, and is classified as Residential Special Type - III.

How the guideline value of Kamatchi Amman Koil Street has changed

The guideline value for Kamatchi Amman Koil Street has seen several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 1,206 per sq.ft. This increased to Rs 1,800 per sq.ft in the 2023 revision, marking a 49% increase. The most recent revision in 2024 set the value at Rs 1,980 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street in the register.

Guideline values in Mangadu -A

In Mangadu -A, there are 208 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 3,300 per sq.ft, with a median value of Rs 1,870 per sq.ft. Kamatchi Amman Koil Street's 2024 figure is above this median.

• Kamatchi Amman Koil IICross Street: Rs 1,980 per sq.ft (2024)
• Kamatchi Amman Koil I Cross Street: Rs 1,980 per sq.ft (2024)
• Kamatchi Amman Nagar: Rs 1,980 per sq.ft (2024)
• Kamatchi Amman Nagar 1st Street: Rs 1,980 per sq.ft (2024)
• Kamatchi Amman Nagar 2nd Street: Rs 1,980 per sq.ft (2024)
• Kamatchi Amman Nagar Extn: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Kamatchi Amman Koil Street

For a 1,000 sq.ft plot at the current rate of Rs 1,980 per sq.ft, the guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total to Rs 1,78,200. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Kamatchi Amman Koil Street?

The Sub Registrar Office that covers Kamatchi Amman Koil Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Mangadu -A

The guideline value is a crucial factor in property transactions in Mangadu -A, as it determines the minimum value at which property can be registered. When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with registration requirements and to understand the financial implications involved in property transactions.

Frequently asked questions

What is the current guideline value of Kamatchi Amman Koil Street?

The current guideline value of Kamatchi Amman Koil Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,206 per sq.ft in 2017 to Rs 1,980 per sq.ft in 2024, which is an overall increase of 64%.

What is the land classification of Kamatchi Amman Koil Street?

The land classification for Kamatchi Amman Koil Street is Residential Special Type - III.

What are the stamp duty and registration fees for property in Kamatchi Amman Koil Street?

For a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600 and the registration fee would be Rs 39,600, totaling Rs 1,78,200.

Which office handles registrations for Kamatchi Amman Koil Street?

The Kunrathur Sub Registrar Office handles registrations for Kamatchi Amman Koil Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.