Guideline Value for KAMADHENU NAGAR EXTENSION I

Kamadhenu Nagar Extension I guideline value

The current guideline value of Kamadhenu Nagar Extension I is Rs 1,540 per sq.ft, effective from 1 July 2024. This area is located in Thiruverkadu village and falls under the Kunrathur SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Kamadhenu Nagar Extension I has changed

The guideline value for Kamadhenu Nagar Extension I has seen several revisions over the years. The 2012 revision set the value at Rs 1,400 per sq.ft, which then decreased to Rs 938 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,400 per sq.ft in 2023, and finally to Rs 1,540 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, the value rose by 49%. Overall, from 2012 to 2024, the guideline value increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thiruverkadu

In Thiruverkadu, there are 178 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 1,430 to Rs 3,520 per sq.ft. The median value is Rs 1,540 per sq.ft, which is equal to the current guideline value of Kamadhenu Nagar Extension I.

• Kamadhenu Nagar: Rs 1,540 per sq.ft (2024)
• Kamadenu Nagar 7th Cross Street: Rs 1,540 per sq.ft (2024)
• Kamadenu Nagar 6th Cross Street: Rs 1,540 per sq.ft (2024)
• Kamadenu Nagar 5th Cross Street: Rs 1,540 per sq.ft (2024)
• Kamadenu Nagar 4th Cross Street: Rs 1,540 per sq.ft (2024)
• Kamadenu Nagar 3rd Cross Street: Rs 1,540 per sq.ft (2024)

Stamp duty and registration fee for property in Kamadhenu Nagar Extension I

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value would be Rs 15,40,000. The stamp duty at 7% would amount to Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, bringing the total to Rs 1,38,600. Duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamadhenu Nagar Extension I?

The Sub Registrar Office that covers Kamadhenu Nagar Extension I is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Thiruverkadu. It serves as a benchmark for determining the stamp duty and registration fees applicable on the property being bought or sold.

When a buyer purchases property, the guideline value is used to calculate the applicable duties, ensuring that both parties adhere to the legal requirements set forth by the Registration Department. This helps maintain transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Kamadhenu Nagar Extension I?

The current guideline value of Kamadhenu Nagar Extension I is Rs 1,540 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,400 per sq.ft in 2023 to Rs 1,540 per sq.ft in 2024, a 10% increase. It was Rs 938 per sq.ft in 2017 and Rs 1,400 per sq.ft in 2012.

What is the land classification for Kamadhenu Nagar Extension I?

The land classification for Kamadhenu Nagar Extension I is Residential Class I Type - I.

What is the stamp duty rate for properties in Kamadhenu Nagar Extension I?

The stamp duty rate for properties in Kamadhenu Nagar Extension I is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Kamadhenu Nagar Extension I located?

The Sub Registrar Office for Kamadhenu Nagar Extension I is located at No.59, Road Street, Kundrathur, Chennai -600 069, under the Kunrathur SRO.