Guideline Value for Kamatchi Rao Street

Kamatchi Rao Street guideline value

The current guideline value of Kamatchi Rao Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Tambaram village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Kamatchi Rao Street has changed

The guideline value for Kamatchi Rao Street has seen several revisions over the years. In the 2007 revision, the value was set at Rs 2,500 per sq.ft, which increased to Rs 4,000 per sq.ft in the 2012 revision, marking a 60% rise. However, in the 2017 revision, the value dropped to Rs 2,680 per sq.ft, a decrease of 33% from the previous revision. The value then rose significantly to Rs 4,000 per sq.ft in 2023, reflecting a 49% increase. The latest revision in 2024 has set the guideline value at Rs 4,400 per sq.ft, which is a 10% increase from the 2023 figure.

The register has no figure for Kamatchi Rao Street for the years 2002 and 2003. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 76%.

Guideline values in Tambaram

In Tambaram village, there are 360 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 8,250 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, making the guideline value of Kamatchi Rao Street above the median.

• Kamaraj Street: Rs 6,600 per sq.ft (2024)
• Kannadapalayam Melandai St: Rs 3,300 per sq.ft (2024)
• Kannadapalayam North St: Rs 3,300 per sq.ft (2024)
• Kannadapalayam Road: Rs 3,300 per sq.ft (2024)
• Kannadapalayam South St: Rs 3,300 per sq.ft (2024)
• Kamakshi Nagar: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Kamatchi Rao Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total cost to Rs 3,96,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamatchi Rao Street?

The Sub Registrar Office that covers Kamatchi Rao Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, 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 Tambaram

The guideline value is a critical factor in the registration process when buying or selling property in Tambaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is assessed to ensure that the sale price is in line with the market standards. This ensures transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Kamatchi Rao Street?

The current guideline value of Kamatchi Rao Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 76% over the years.

What is the land classification for Kamatchi Rao Street?

The land classification for Kamatchi Rao Street is Residential Special Type - II.

What are the registration fees for property in Kamatchi Rao Street?

The registration fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Kamatchi Rao Street located?

The Sub Registrar Office for Kamatchi Rao Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.