Guideline Value for Kamatchi Street (Teacher's Colony)

Kamatchi Street (Teacher's Colony) guideline value

The current guideline value of Kamatchi Street (Teacher's Colony) 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. The land classification for this area is Residential Class II Type - I.

How the guideline value of Kamatchi Street (Teacher's Colony) has changed

The guideline value for Kamatchi Street (Teacher's Colony) has seen several revisions over the years. In 2012, the guideline value was Rs 2,000 per sq.ft, which decreased to Rs 1,340 per sq.ft in 2017. However, the most recent revision in 2024 has increased the guideline value to Rs 2,200 per sq.ft. This marks a 64% increase from the 2017 figure and a 10% increase from the 2012 figure.

It is important to note that there are no figures available for the revisions in 2023, 2007, 2003, and 2002 for this street. The changes between the revisions highlight a significant fluctuation, particularly from 2012 to 2017, where there was a decrease of 33%.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO that carry a 2024 guideline value, ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median guideline value for these streets is Rs 2,700 per sq.ft, making Kamatchi Street (Teacher's Colony) below this median.

• Kamatchiamman Street (Gandhi Nagar): Rs 2,200 per sq.ft (2024)
• Kambar Street: Rs 2,700 per sq.ft (2024)
• Kamatchi 4th Street (Kurinji Street): Rs 2,200 per sq.ft (2024)
• 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)

Stamp duty and registration fee for property in Kamatchi Street (Teacher's Colony)

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

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

Which Sub Registrar Office covers Kamatchi Street (Teacher's Colony)?

The Sub Registrar Office that covers Kamatchi Street (Teacher's Colony) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of 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 is recorded at a fair value.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both the buyer and seller adhere to the legal requirements set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Kamatchi Street (Teacher's Colony)?

The current guideline value of Kamatchi Street (Teacher's Colony) 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. This reflects a 64% increase from 2017 to 2024 and a 10% increase from 2012 to 2024.

What is the land classification for Kamatchi Street (Teacher's Colony)?

The land classification for Kamatchi Street (Teacher's Colony) is Residential Class II Type - I. This classification indicates the type of development allowed in the area.

What are the stamp duty and registration fees for property in Kamatchi Street (Teacher's Colony)?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,98,000.

Where can I find the Sub Registrar Office for Kamatchi Street (Teacher's Colony)?

The Madhavaram Sub Registrar Office covers Kamatchi Street (Teacher's Colony) and is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.