Guideline Value for KAMAKOTTY NAGAR

Kamakotty Nagar guideline value

The current guideline value of Kamakotty Nagar is Rs 700 per sq.ft, effective from 1 July 2024. This street is located in Ponneri_2 village under the Ponneri SRO, and it falls under the Residential Class II Type - I land classification.

How the guideline value of Kamakotty Nagar has changed

The guideline value register for Kamakotty Nagar does not have figures recorded for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 600 per sq.ft, which increased to Rs 700 per sq.ft in the 2024 revision, marking a change of +17%.

Thus, the only recorded revisions for Kamakotty Nagar are from 2023 to 2024, as earlier years do not have figures available in the register.

Guideline values in Ponneri_2

In Ponneri_2, there are 75 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 1,300 per sq.ft, with a median value of Rs 700 per sq.ft. Kamakotty Nagar's 2024 figure aligns with this median value.

• Kallukadai Medu: Rs 700 per sq.ft (2024)
• Kamarajar Street: Rs 700 per sq.ft (2024)
• Kannaiah Nagar: Rs 700 per sq.ft (2024)
• Karhtick Nagar: Rs 700 per sq.ft (2024)
• Karikrishna Bhatacharya St: Rs 700 per sq.ft (2024)
• Jayammal Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Kamakotty Nagar

For a 1,000 sq.ft plot at the current rate of Rs 700 per sq.ft, the guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, making a total of Rs 63,000. Please note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kamakotty Nagar?

The Sub Registrar Office that covers Kamakotty Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ponneri_2

The guideline value is a critical reference point during property transactions in Ponneri_2. It is used to determine the stamp duty and registration fees applicable when registering a property sale.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, helping maintain transparency in the real estate market. Buyers and sellers should be aware of the current guideline value to properly assess their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Kamakotty Nagar?

The current guideline value of Kamakotty Nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed recently?

The guideline value increased from Rs 600 per sq.ft in 2023 to Rs 700 per sq.ft in 2024, reflecting a change of +17%.

What is the land classification for Kamakotty Nagar?

Kamakotty Nagar falls under the Residential Class II Type - I land classification.

Where can I find the Ponneri Sub Registrar Office?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

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

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 700 per sq.ft would incur a stamp duty of Rs 49,000.