Guideline Value for Kamatchipuram 1st Street

Kamatchipuram 1st Street guideline value

The current guideline value of Kamatchipuram 1st Street is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village and falls under the Ashok Nagar SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Kamatchipuram 1st Street has changed

The guideline value for Kamatchipuram 1st Street has seen several revisions over the years. The earliest recorded figure is from 2007, which was Rs 1,460 per sq.ft. This value increased significantly to Rs 6,000 per sq.ft in both 2012 and 2023, showing no change between these years. However, from 2023 to 2024, the guideline value rose by 10% to reach the current figure of Rs 6,600 per sq.ft.

Overall, from 2007 to 2024, the guideline value has increased by 352%. The register has no figures for the years 2002, 2003, and 2017 for this street.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median value is Rs 4,900 per sq.ft, making the current guideline value of Kamatchipuram 1st Street above this median.

• Kamatchipuram 2nd Street: Rs 6,600 per sq.ft (2024)
• Kambar Street Block 85 (JPT): Rs 4,900 per sq.ft (2024)
• Kambar Street (M.G.R.Nagar): Rs 3,300 per sq.ft (2024)
• Kambar Street (Thiru Nagar): Rs 4,900 per sq.ft (2024)
• Kamaraj Street (Ethiraj Nagar): Rs 5,500 per sq.ft (2024)
• Kanagasabai 1st Cross Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Kamatchipuram 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, leading to a total of Rs 5,94,000. 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 more detailed calculations.

Which Sub Registrar Office covers Kamatchipuram 1st Street?

The Sub Registrar Office that covers Kamatchipuram 1st Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Kodambakkam, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees that need to be paid during the registration process.

It is important to note that the stamp duty is charged on the higher of the guideline value or the sale price, ensuring that the registration reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Kamatchipuram 1st Street?

The current guideline value of Kamatchipuram 1st Street is Rs 6,600 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 1,460 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, marking an overall increase of 352% over this period.

What are the stamp duty and registration fees for property in Kamatchipuram 1st Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 66,00,000. The stamp duty is Rs 4,62,000, and the registration fee is Rs 1,32,000, totaling Rs 5,94,000.

Which Sub Registrar Office covers Kamatchipuram 1st Street?

The Ashok Nagar Sub Registrar Office covers Kamatchipuram 1st Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for Kamatchipuram 1st Street?

The land classification for Kamatchipuram 1st Street is Residential Class II Type - II, indicating its designated use for residential purposes.