Guideline Value for KAMACHIAMMAN NAGAR

Kamachiamman Nagar guideline value

The current guideline value of Kamachiamman Nagar is Rs 226 per sq.ft, effective from 1 July 2024. This area is located in Sigadivakkam village and falls under the Sunguvarchattram SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Kamachiamman Nagar has changed

Over the years, the guideline value for Kamachiamman Nagar has seen several revisions. The earliest available figure is from 2012, when the value was Rs 225 per sq.ft. This was followed by a decrease to Rs 151 per sq.ft in 2017, a significant drop of 33%. However, from 2017 to 2023, the value increased by 50%, bringing it back to Rs 226 per sq.ft, which remained unchanged in the 2024 revision as well.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Therefore, the guideline value has remained stable at Rs 226 per sq.ft from 2023 to 2024, with an overall change of 0% from 2012 to 2024.

Guideline values in Sigadivakkam

In Sigadivakkam, there are 11 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 181 to Rs 1,200 per sq.ft. The median value among these streets is Rs 226 per sq.ft, which is equal to the guideline value of Kamachiamman Nagar.

• Kancheepuram Cheenai Road: Rs 500 per sq.ft (2024)
• Kulakkarai Street: Rs 181 per sq.ft (2024)
• Mettu street: Rs 181 per sq.ft (2024)
• Bangalore Main Road: Rs 500 per sq.ft (2024)
• Bangalore Hihghway Hitech City: Rs 181 per sq.ft (2024)
• Palla street: Rs 181 per sq.ft (2024)

Stamp duty and registration fee for property in Kamachiamman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 226 per sq.ft, the total guideline value would be Rs 2,26,000. The stamp duty at 7% would amount to Rs 15,820, and the registration fee at 2% would be Rs 4,520, bringing the total cost for these fees to Rs 20,340. 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 further calculations.

Which Sub Registrar Office covers Kamachiamman Nagar?

The Sub Registrar Office that covers Kamachiamman Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Sigadivakkam. It serves as a benchmark for determining the amount of stamp duty and registration fees that need to be paid, ensuring that both parties are aware of the official valuation of the property.

When a property is sold, the guideline value is used to calculate the applicable charges. Buyers should be aware that the stamp duty is calculated based on the higher of the guideline value or the sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Kamachiamman Nagar?

The current guideline value of Kamachiamman Nagar is Rs 226 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained unchanged from 2023 to 2024 at Rs 226 per sq.ft. It increased from Rs 151 per sq.ft in 2017 to Rs 226 per sq.ft in 2023, marking a 50% increase.

What is the land classification of Kamachiamman Nagar?

Kamachiamman Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Kamachiamman Nagar?

The Sub Registrar Office for Kamachiamman Nagar is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Kamachiamman Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the current guideline value would incur a total fee of Rs 20,340, including stamp duty and registration fees.