Guideline Value for East Kamatchi Nagar

East Kamatchi Nagar guideline value

The current guideline value of East Kamatchi Nagar is Rs 1,540 per sq.ft, effective from 1 July 2024. This area is located in Mangadu -A, under the Kunrathur SRO, and is classified as Residential Class II Type - I.

How the guideline value of East Kamatchi Nagar has changed

The guideline value for East Kamatchi Nagar has undergone several revisions over the years. The 2017 revision set the value at Rs 938 per sq.ft. This increased significantly to Rs 1,400 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 has further increased the value to Rs 1,540 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has risen by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Mangadu -A

In Mangadu -A, there are 208 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 3,300 per sq.ft, with a median value of Rs 1,870 per sq.ft. The guideline value for East Kamatchi Nagar is below this median.

• Dr. Sri Hari Avenue: Rs 1,870 per sq.ft (2024)
• Eswar Nagar: Rs 1,540 per sq.ft (2024)
• EVP Sri Ram Nagar: Rs 1,870 per sq.ft (2024)
• Gandhi Nagar / Jeeva Nagar: Rs 1,540 per sq.ft (2024)
• CTA Gardan: Rs 1,870 per sq.ft (2024)
• CTA Colony: Rs 1,870 per sq.ft (2024)

Stamp duty and registration fee for property in East Kamatchi Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,540 per sq.ft, the guideline value amounts to Rs 15,40,000. The stamp duty at 7% would be Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, totaling Rs 1,38,600. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers East Kamatchi Nagar?

The Sub Registrar Office that covers East Kamatchi Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Mangadu -A

The guideline value is a crucial factor when registering property transactions in Mangadu -A. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When you buy or sell property, the guideline value is used to calculate the necessary fees, ensuring compliance with local regulations. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of East Kamatchi Nagar?

The current guideline value of East Kamatchi Nagar is Rs 1,540 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 938 per sq.ft to Rs 1,540 per sq.ft in 2024, which is a total increase of 64% over this period.

What are the stamp duty and registration fees for property in East Kamatchi Nagar?

For a 1,000 sq.ft plot, the guideline value is Rs 15,40,000. The stamp duty would be Rs 1,07,800 and the registration fee would be Rs 30,800, totaling Rs 1,38,600.

Which office handles property registrations in East Kamatchi Nagar?

The Kunrathur Sub Registrar Office handles property registrations for East Kamatchi Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It ensures that the fees are calculated based on a standardized value, facilitating compliance with local regulations.