Guideline Value for KAMADENU NAGAR

Kamadenu Nagar guideline value

The current guideline value of Kamadenu Nagar, located in Peruveli village under the Madurandakam SRO, is Rs 251 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Type - III.

How the guideline value of Kamadenu Nagar has changed

Over the years, the guideline value for Kamadenu Nagar has seen several revisions. The most recent revision in 2024 set the value at Rs 251 per sq.ft, which is a slight increase from Rs 250 per sq.ft in 2023. Prior to that, in 2017, the guideline value was Rs 167 per sq.ft, indicating a significant increase of 50% from the previous revision in 2023.

Looking back further, the 2012 revision also recorded a value of Rs 250 per sq.ft. This shows a decrease of 33% from the 2017 revision. Overall, from 2012 to 2024, the guideline value has remained stable with no change. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Peruveli

In Peruveli village, there are 12 streets under the Madurandakam SRO that carry a guideline value for 2024, ranging from Rs 100 to Rs 600 per sq.ft. The median value across these streets is Rs 200 per sq.ft, placing Kamadenu Nagar's 2024 figure above this median.

• J.J.Nagar Extention - I: Rs 100 per sq.ft (2024)
• Ngo Nagar Extension: Rs 200 per sq.ft (2024)
• Priyam Garden: Rs 200 per sq.ft (2024)
• Sri Jayalakshmi Avenue: Rs 126 per sq.ft (2024)
• Sri Sai Nagar Phase - I: Rs 250 per sq.ft (2024)
• Aishwarya Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Kamadenu Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 251 per sq.ft, the total guideline value amounts to Rs 2,51,000. The stamp duty at 7% would be Rs 17,570, while the registration fee at 2% would be Rs 5,020, bringing the total to Rs 22,590. 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 further assistance.

Which Sub Registrar Office covers Kamadenu Nagar?

Kamadenu Nagar falls under the jurisdiction of the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Peruveli. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the duty is charged on the higher of the two. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kamadenu Nagar?

The current guideline value of Kamadenu Nagar is Rs 251 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2023 to Rs 251 per sq.ft in 2024. It was Rs 167 per sq.ft in 2017, showing an increase of 50% from 2017 to 2023.

What is the land classification for Kamadenu Nagar?

The land classification for Kamadenu Nagar is Mixed Type - III. This classification affects the guideline value and potential uses of the land.

Where can I find the registration office for Kamadenu Nagar?

The registration office for Kamadenu Nagar is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

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

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 2,51,000, the stamp duty would be Rs 17,570 at a rate of 7%.