Guideline Value

Corporate

Guideline Value for Kamdar Nagar 3rd Street

₹8800/sq.ft.

The guideline value for Kamdar Nagar 3rd Street in Nungambakkam village (Chennai Central Joint Ii SRO, Chennai zone) is Rs 8800 per sq.ft, effective 1 July 2024. It was Rs 8000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nungambakkam

Village

Chennai Central Joint II

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹8800 /sq.ft.
From 1-4-2023 ₹8000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹5360 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹8000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹3125 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No:5/9, Kavigar Bharathidasan Salai, Seethamalcolony ,cresent Street Alwarpet,chennai -600018
044-24331038
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Kamdar Nagar 3rd Street

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Kamdar Nagar 3rd Street guideline value

The current guideline value of Kamdar Nagar 3rd Street is Rs 8,800 per sq.ft, effective from 1 July 2024. This street is located in Nungambakkam village and falls under the Chennai Central Joint II SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Kamdar Nagar 3rd Street has changed

Over the years, the guideline value of Kamdar Nagar 3rd Street has seen several revisions. The earliest recorded figure is from 2007, which was Rs 3,125 per sq.ft. This increased significantly to Rs 8,000 per sq.ft in 2012, marking a 156% rise. However, by 2017, the value dropped to Rs 5,360 per sq.ft, a decrease of 33%. The value then surged to Rs 8,000 per sq.ft in 2023, before reaching the current figure of Rs 8,800 per sq.ft in 2024, reflecting a 10% increase.

From 2017 to 2023, the increase was 49%. The overall change from the 2007 revision to the 2024 revision is a substantial 182%. It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Nungambakkam

Nungambakkam village has a total of 270 streets under the Chennai Central Joint II SRO, with guideline values ranging from Rs 3,300 to Rs 22,000 per sq.ft. The median guideline value is Rs 8,800 per sq.ft, which is equal to the current guideline value of Kamdar Nagar 3rd Street.

Stamp duty and registration fee for property in Kamdar Nagar 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 8,800 per sq.ft, the total guideline value amounts to Rs 88,00,000. The stamp duty at 7% would be Rs 6,16,000, and the registration fee at 2% would be Rs 1,76,000, resulting in a total of Rs 7,92,000. It is important to note that the 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 Kamdar Nagar 3rd Street?

The Sub Registrar Office that covers Kamdar Nagar 3rd Street is the Chennai Central Joint II Sub Registrar Office, located at No:5/9, Kavigar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Nungambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is transparent and fair.

When a property is sold, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory costs that need to be paid during the registration process. This ensures that both the buyer and seller are aware of their financial obligations before completing the transaction.

Frequently asked questions

What is the current guideline value of Kamdar Nagar 3rd Street?

The current guideline value of Kamdar Nagar 3rd Street is Rs 8,800 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 3,125 per sq.ft in 2007 to Rs 8,800 per sq.ft in 2024, which is an overall increase of 182%.

What is the land classification for Kamdar Nagar 3rd Street?

The land classification for Kamdar Nagar 3rd Street is Residential Special Type - II.

Where can I find the Sub Registrar Office for Kamdar Nagar 3rd Street?

The Sub Registrar Office for Kamdar Nagar 3rd Street is the Chennai Central Joint II Sub Registrar Office, located at No:5/9, Kavigar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.

How is stamp duty calculated for properties in Kamdar Nagar 3rd Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 88,00,000, the stamp duty at 7% would be Rs 6,16,000.