Guideline Value for KAMATCHI AMMAN NAGAR ANNEX-III

Kamatchi Amman Nagar Annex-III guideline value

The current guideline value for Kamatchi Amman Nagar Annex-III is Rs 200 per sq.ft, effective from 1 July 2024. This property is located in Thirupalaivanam 1 village under the Ponneri SRO, classified as Residential Class II Type - I.

How the guideline value of Kamatchi Amman Nagar Annex-III has changed

The guideline value for Kamatchi Amman Nagar Annex-III has undergone several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 134 per sq.ft. This increased to Rs 200 per sq.ft in the 2023 revision, marking a 49% increase. The 2024 revision has maintained this value at Rs 200 per sq.ft, showing no change from the previous year.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%.

Guideline values in Thirupalaivanam 1

In Thirupalaivanam 1, there are 9 streets under the Ponneri SRO that carry a 2024 guideline value. The median value for these streets is Rs 200 per sq.ft, and Kamatchi Amman Nagar Annex-III's figure aligns with this median.

• Makkah Garden: Rs 200 per sq.ft (2024)
• Farzana Garden: Rs 200 per sq.ft (2024)
• Mecca Garden: Rs 200 per sq.ft (2024)
• Nithyasri Nagar Project I,II: Rs 200 per sq.ft (2024)
• A.R.Nagar: Rs 200 per sq.ft (2024)
• Ambal Garden Block I II III IV V: Rs 134 per sq.ft (2024)

Stamp duty and registration fee for property in Kamatchi Amman Nagar Annex-III

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. Duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamatchi Amman Nagar Annex-III?

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

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

The guideline value is an essential factor when registering a property in Thirupalaivanam 1. It determines the minimum value at which a property can be registered, ensuring compliance with local regulations.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transaction. It is important to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Kamatchi Amman Nagar Annex-III?

The current guideline value for Kamatchi Amman Nagar Annex-III is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023 and 2024, marking a 49% increase overall from 2017 to 2024.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 2,00,000, the stamp duty is Rs 14,000, and the registration fee is Rs 4,000, totaling Rs 18,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for Kamatchi Amman Nagar Annex-III?

The Ponneri Sub Registrar Office handles registrations for Kamatchi Amman Nagar Annex-III. It is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

What land classification does Kamatchi Amman Nagar Annex-III fall under?

Kamatchi Amman Nagar Annex-III is classified as Residential Class II Type - I, which indicates its suitability for residential development.