Guideline Value for Kammal Street @ Bangaramman Street

Kammal Street @ Bangaramman Street guideline value

The current guideline value of Kammal Street @ Bangaramman Street is Rs 800 per sq.ft, effective from 1 July 2024. This street is located in the Ist Division village under the Kanchipuram Joint IV SRO and is classified as Residential Class V Type - I.

How the guideline value of Kammal Street @ Bangaramman Street has changed

In the 2012 revision, the guideline value for Kammal Street @ Bangaramman Street was Rs 600 per sq.ft. This was followed by a decrease to Rs 402 per sq.ft in the 2017 revision. The 2023 revision saw an increase to Rs 600 per sq.ft, and the most recent 2024 revision has set the value at Rs 800 per sq.ft. The changes between these revisions include a 33% increase from 2023 to 2024 and a 49% increase from 2017 to 2023. Overall, from 2012 to 2024, there has been a 33% increase in the guideline value.

The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ist Division

In the Ist Division, there are 79 streets under the Kanchipuram Joint IV SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 3,300 per sq.ft, with a median value of Rs 880 per sq.ft. The guideline value for Kammal Street @ Bangaramman Street is below this median.

• Kamatchi Nagar: Rs 880 per sq.ft (2024)
• Kathiri Street @ Velathamman Koil Street: Rs 1,100 per sq.ft (2024)
• Kavalar Housing Board: Rs 1,650 per sq.ft (2024)
• K.M.Avenue: Rs 880 per sq.ft (2024)
• K.M.V.Nagar: Rs 880 per sq.ft (2024)
• Kosa Street @ ThiruNeelakandar Street: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Kammal Street @ Bangaramman Street

For a 1,000 sq.ft plot at the current rate of Rs 800 per sq.ft, the guideline value would be Rs 8,00,000. The stamp duty at 7% would amount to Rs 56,000, and the registration fee at 2% would be Rs 16,000, totaling Rs 72,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kammal Street @ Bangaramman Street?

The Kammal Street @ Bangaramman Street falls under the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Ist Division. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives appropriate revenue from property sales.

When buying or selling property, it is essential to be aware of the guideline value, as it can affect the overall cost of the transaction. Buyers should ensure that they are informed about the current guideline values to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of Kammal Street @ Bangaramman Street?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then increased to Rs 600 per sq.ft in 2023, and finally to Rs 800 per sq.ft in 2024.

What is the land classification of Kammal Street @ Bangaramman Street?

Kammal Street @ Bangaramman Street is classified as Residential Class V Type - I.

Which Sub Registrar Office covers this area?

The Kanchipuram Joint IV Sub Registrar Office covers Kammal Street @ Bangaramman Street, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot valued at Rs 800 per sq.ft would incur a stamp duty of Rs 56,000 at 7%.