Guideline Value for KAMATCHI AMBAL NAGAR

Kamatchi Ambal Nagar guideline value

The current guideline value of Kamatchi Ambal Nagar is Rs 660 per sq.ft, effective from 1 July 2024. This area is located in Thirukkachur - 1 village under the Chengleput Joint II SRO, and is classified as Residential Class I Type - I.

How the guideline value of Kamatchi Ambal Nagar has changed

Over the years, the guideline value for Kamatchi Ambal Nagar has seen several revisions. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged in the subsequent 2017 revision, where it was also Rs 600 per sq.ft. However, the 2017 revision marked a significant increase to Rs 402 per sq.ft, reflecting a decrease of 33%. The value then increased to Rs 600 per sq.ft in 2023, before rising to Rs 660 per sq.ft in the 2024 revision, which is a 10% increase from the previous year.

From 2012 to 2024, the overall change in guideline value is an increase of 10%. The 2023 revision saw a notable increase of 49% from the 2017 figure. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thirukkachur - 1

In Thirukkachur - 1, there are 86 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 385 to Rs 3,300 per sq.ft. The median value for these streets is Rs 660 per sq.ft, making Kamatchi Ambal Nagar's 2024 figure equal to that median.

• Kamaraj Avenue: Rs 550 per sq.ft (2024)
• Kambar Street: Rs 550 per sq.ft (2024)
• Kannagi Street: Rs 550 per sq.ft (2024)
• Kasthuri Nagar: Rs 1,474 per sq.ft (2024)
• Jeevanatham Nagar Phase- II: Rs 660 per sq.ft (2024)
• Jeevanatham Nagar Phase- I: Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Kamatchi Ambal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total cost for these fees to Rs 59,400. Please 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 Kamatchi Ambal Nagar?

The Sub Registrar Office that covers Kamatchi Ambal Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Thirukkachur - 1

The guideline value plays a crucial role in property transactions in Thirukkachur - 1, as it determines the minimum price at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with local regulations.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are essential for the legal transfer of property ownership. The fees are based on either the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kamatchi Ambal Nagar?

The current guideline value of Kamatchi Ambal Nagar is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 660 per sq.ft in 2024, with various revisions in between, including a significant increase from Rs 402 per sq.ft in 2017 to Rs 600 per sq.ft in 2023.

What are the other streets in Thirukkachur - 1?

Other streets in Thirukkachur - 1 include Kamaraj Avenue, Kambar Street, Kannagi Street, Kasthuri Nagar, Jeevanatham Nagar Phase- I, and Jeevanatham Nagar Phase- II, each with their respective guideline values.

What is the stamp duty rate in Kamatchi Ambal Nagar?

The stamp duty rate in Kamatchi Ambal Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Kamatchi Ambal Nagar located?

The Sub Registrar Office for Kamatchi Ambal Nagar is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, under the Chenglepud Joint II registration zone.