Guideline Value for KAMALAMMAL NAGAR

Kamalammal Nagar guideline value

The current guideline value of Kamalammal Nagar is Rs 1,001 per sq.ft, effective from 1 July 2024. This area is located in Chinnasekkadu village, under the Thiruvottiyur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Kamalammal Nagar has changed

The guideline value of Kamalammal Nagar has undergone several revisions over the years. In 2002, the guideline value was Rs 61 per sq.ft, which increased to Rs 72 per sq.ft in 2003. The value saw a significant rise to Rs 200 per sq.ft in 2007, and then it further increased to Rs 600 per sq.ft in 2012. However, there was a decline to Rs 402 per sq.ft in 2017. The value then rose to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,001 per sq.ft as of the 2024 revision.

Overall, from 2002 to 2024, the guideline value has increased by 1,541%. Notably, there are no figures available for the revisions in years not listed for this street.

Guideline values in Chinnasekkadu

In Chinnasekkadu, there are 49 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 2,200 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value of Kamalammal Nagar is below this median.

• Kamaraj Saiai: Rs 2,200 per sq.ft (2024)
• Kalaignar Karunanithi Street: Rs 1,300 per sq.ft (2024)
• Kakkanpuram / Radha Nagar / Kannapiran Street / Kannapiran Koil Street: Rs 1,001 per sq.ft (2024)
• Kannan Nagar/Street: Rs 1,300 per sq.ft (2024)
• Kannayiram Street: Rs 1,000 per sq.ft (2024)
• Jagannathan Street/ Achari Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kamalammal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,001 per sq.ft, the total guideline value amounts to Rs 10,01,000. The stamp duty at 7% would be Rs 70,070, and the registration fee at 2% would be Rs 20,020, bringing the total fees to Rs 90,090. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamalammal Nagar?

The Sub Registrar Office that covers Kamalammal Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more details.

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

The guideline value is a critical factor in the registration process when buying or selling property in Chinnasekkadu. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Kamalammal Nagar?

The current guideline value of Kamalammal Nagar is Rs 1,001 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 61 per sq.ft in 2002 to Rs 1,001 per sq.ft in 2024, reflecting an overall increase of 1,541% over the years.

What are the stamp duty rates for property in Kamalammal Nagar?

The stamp duty rate for property transactions in Kamalammal Nagar is 7% of the guideline value or sale price, whichever is higher.

Where is the Thiruvottiyur Sub Registrar Office located?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

What is the land classification of Kamalammal Nagar?

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