Guideline Value for Kamatchi Street

Kamatchi Street guideline value

The current guideline value of Kamatchi Street in Oragadam village, under the Ambattur SRO, is Rs 1,800 per sq.ft, effective from 1 July 2024. This street is classified as Residential Class I Type - II.

How the guideline value of Kamatchi Street has changed

The guideline value for Kamatchi Street has seen several revisions over the years. The earliest recorded figure is from 2002, where the value was Rs 110 per sq.ft. It increased to Rs 119 per sq.ft in 2003, marking an increase of 8%. Following this, the value surged significantly to Rs 500 per sq.ft in 2007, reflecting a remarkable increase of 320%. The 2012 revision brought the value down to Rs 1,700 per sq.ft, a decrease of 240% from the previous figure. In 2017, the value was revised to Rs 1,139 per sq.ft, which was a 33% drop from 2012. The guideline value then rose to Rs 1,700 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 saw the value rise to Rs 1,800 per sq.ft, an increase of 6% from the previous year.

There are no figures available for Kamatchi Street for the years not listed in the revisions. The overall increase from 2002 to 2024 is a substantial 1,536%.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 3,500 per sq.ft. The median value is Rs 2,200 per sq.ft, placing Kamatchi Street's 2024 figure below that median.

• Kambar Street(Bharthi Nagar): Rs 2,400 per sq.ft (2024)
• Kambar Street (chithorgadam Pudur): Rs 1,900 per sq.ft (2024)
• Kambar Street(Lakshmi AmmanNagar): Rs 1,800 per sq.ft (2024)
• Kamaraj Street (V.L.Puram): Rs 2,400 per sq.ft (2024)
• Kamaraj Street (Pudur): Rs 1,900 per sq.ft (2024)
• Kambar Street (Venkateswara Nagar): Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Kamatchi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,800 per sq.ft, the total guideline value would be Rs 18,00,000. The stamp duty at 7% would amount to Rs 1,26,000, while the registration fee at 2% would be Rs 36,000. Together, the total cost for these fees would be Rs 1,62,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Kamatchi Street?

The Sub Registrar Office that covers Kamatchi Street is 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 further assistance.

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

The guideline value plays a crucial role in property transactions in Oragadam. It is used to determine the stamp duty and registration fees payable when a property is bought or sold. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is registered, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Kamatchi Street?

The current guideline value of Kamatchi Street is Rs 1,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 110 per sq.ft in 2002 to Rs 1,800 per sq.ft in 2024, representing an overall increase of 1,536%.

What is the land classification for Kamatchi Street?

Kamatchi Street is classified as Residential Class I Type - II, indicating its intended use for residential purposes.

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

The Sub Registrar Office for Kamatchi Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current rate incurs a total fee of Rs 1,62,000.