Guideline Value for KAMATCHI GARDEN

Kamatchi Garden guideline value

The current guideline value of Kamatchi Garden, located in Vellaputhoor village under the Madurandakam SRO, is Rs 103 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - I.

How the guideline value of Kamatchi Garden has changed

Over the years, the guideline value of Kamatchi Garden has seen several revisions. The 2012 revision set the value at Rs 100 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 67 per sq.ft, marking a decrease of 33%. Following this, the 2023 revision increased the value to Rs 100 per sq.ft, and the latest revision in 2024 raised it to Rs 103 per sq.ft, reflecting a 3% increase.

From 2017 to 2023, there was a significant rise of 49%, bringing the value back to Rs 100 per sq.ft. Overall, from 2012 to 2024, the guideline value has increased by 3% from the initial Rs 100 per sq.ft in 2012 to the current Rs 103 per sq.ft.

Guideline values in Vellaputhoor

In Vellaputhoor, there are 7 streets under the Madurandakam SRO that have a 2024 guideline value ranging from Rs 100 to Rs 103 per sq.ft, with the median value being Rs 103 per sq.ft. Kamatchi Garden's 2024 figure aligns with this median.

• Jeeni Nagar Fam: Rs 103 per sq.ft (2024)
• Jeeni Nagar: Rs 103 per sq.ft (2024)
• Dhanalakshmi Nagar: Rs 103 per sq.ft (2024)
• Om Sakthi Nagar: Rs 103 per sq.ft (2024)
• A1-Metro City: Rs 103 per sq.ft (2024)
• Sun City Varadharajan Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Kamatchi Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 103 per sq.ft, the total guideline value amounts to Rs 1,03,000. The stamp duty at 7% would be Rs 7,210, and the registration fee at 2% would be Rs 2,060, bringing the total cost for these fees to Rs 9,270. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamatchi Garden?

The Sub Registrar Office that covers Kamatchi Garden is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Vellaputhoor. It serves as a benchmark for determining the stamp duty and registration fees that must be paid, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, it is essential to be aware of the current guideline value, as it may influence negotiations between buyers and sellers. The guideline value helps maintain transparency in property transactions and ensures compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Kamatchi Garden?

The current guideline value of Kamatchi Garden is Rs 103 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, then back to Rs 100 per sq.ft in 2023, and finally to Rs 103 per sq.ft in 2024.

What is the land classification for Kamatchi Garden?

Kamatchi Garden is classified as Residential Special Type - I, which indicates its designation for residential purposes.

Where can I find the Sub Registrar Office for Kamatchi Garden?

The Sub Registrar Office for Kamatchi Garden is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

How is stamp duty calculated for properties in Kamatchi Garden?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the guideline value of Rs 103 per sq.ft, the stamp duty would be Rs 7,210.