Guideline Value

Corporate

Guideline Value for kamdar Nagar 1st Street

₹8800/sq.ft.

The guideline value for Kamdar Nagar 1st 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 ₹3000 /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 1st Street

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kamdar Nagar 1st Street guideline value

The current guideline value of kamdar Nagar 1st 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 1st Street has changed

The guideline value for kamdar Nagar 1st Street has undergone several revisions over the years. In 2007, the value was Rs 3,000 per sq.ft, which increased significantly by 167% to Rs 8,000 per sq.ft in 2012. However, it then decreased by 33% to Rs 5,360 per sq.ft in 2017. Following this, the value rose by 49% to Rs 8,000 per sq.ft in 2023, and again increased by 10% to the current value of Rs 8,800 per sq.ft in 2024.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 193%.

Guideline values in Nungambakkam

Nungambakkam village has a total of 270 streets under the Chennai Central Joint II SRO, with 2024 guideline values ranging from Rs 3,300 to Rs 22,000 per sq.ft. The median value for these streets is Rs 8,800 per sq.ft, which is equal to the current guideline value of kamdar Nagar 1st Street.

Stamp duty and registration fee for property in kamdar Nagar 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 8,800 per sq.ft, the total guideline value would be Rs 88,00,000. The stamp duty at 7% would amount to Rs 6,16,000, and the registration fee at 2% would be Rs 1,76,000, bringing the total fees together to 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.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers kamdar Nagar 1st Street?

The kamdar Nagar 1st Street is covered by 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 plays a crucial role 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 recorded accurately in the public registry.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the correct revenue from property transactions, based on the established guideline value.

Frequently asked questions

What is the current guideline value of kamdar Nagar 1st Street?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2007 to Rs 8,800 per sq.ft in 2024, reflecting an overall increase of 193% over the years.

What are the other streets in Nungambakkam with the same guideline value?

Other streets in Nungambakkam with the same guideline value of Rs 8,800 per sq.ft include Kamdar Nagar 1st Main Road, Kamdar Nagar 2nd Street, Kamdar Nagar 3rd Street, and Kammalar Street.

What is the registration fee for property in kamdar Nagar 1st Street?

The registration fee for property in kamdar Nagar 1st Street is calculated based on the guideline value. For example, for a property valued at Rs 88,00,000, the registration fee would be Rs 1,76,000 at 2%.

Which office handles the registration for kamdar Nagar 1st Street?

The registration for kamdar Nagar 1st Street is handled by the Chennai Central Joint II Sub Registrar Office, located at No:5/9, Kavigar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.