Guideline Value for KAMATCHI NAGAR (VAL)

Kamatchi Nagar (Val) guideline value

The current guideline value of Kamatchi Nagar (Val) is Rs 881 per sq.ft, effective from 1 July 2024. This area is located in Thailavaram village under the Chengleput Joint II SRO, classified as Residential Class I Type - II.

How the guideline value of Kamatchi Nagar (Val) has changed

The guideline value for Kamatchi Nagar (Val) has undergone several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which was then reduced to Rs 536 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 800 per sq.ft, and the most recent 2024 revision raised it further to Rs 881 per sq.ft, marking a 10% increase from the previous year.

In summary, the changes between the revisions show a significant increase of 49% from 2017 to 2023, while the overall change from 2012 to 2024 is a modest 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thailavaram

In Thailavaram, there are 132 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median value for these streets is Rs 770 per sq.ft, placing Kamatchi Nagar (Val) above this median.

• Kambar Street (Ward-20): Rs 1,100 per sq.ft (2024)
• Kambar Street (Ward-21): Rs 660 per sq.ft (2024)
• Kamarajar Street (Ward-21): Rs 660 per sq.ft (2024)
• Kannagi Street (Ward-21): Rs 660 per sq.ft (2024)
• Kannammal Street Narasimman Nagar (Ward -21): Rs 881 per sq.ft (2024)
• Kalaivani Nagar Main Road (Ward -1): Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Kamatchi Nagar (Val)

For a 1,000 sq.ft plot at the current guideline value of Rs 881 per sq.ft, the total guideline value would be Rs 8,81,000. The stamp duty at 7% would amount to Rs 61,670, and the registration fee at 2% would be Rs 17,620, bringing the total fees to Rs 79,290. It is important to note that the 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 Nagar (Val)?

The Sub Registrar Office covering Kamatchi Nagar (Val) 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 Thailavaram

The guideline value plays a crucial role in the registration process when buying or selling property in Thailavaram. It serves as a reference point for determining the stamp duty and registration fees, ensuring that the transaction is recorded at a fair value according to government regulations.

When a property is sold, the guideline value is used to calculate the applicable fees, which can impact the overall cost of the transaction. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Kamatchi Nagar (Val)?

The current guideline value of Kamatchi Nagar (Val) is Rs 881 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then increased to Rs 800 per sq.ft in 2023, and finally to Rs 881 per sq.ft in 2024.

What is the land classification of Kamatchi Nagar (Val)?

Kamatchi Nagar (Val) is classified as Residential Class I Type - II, indicating its suitability for residential development.

What are the stamp duty and registration fees for a property in Kamatchi Nagar (Val)?

For a 1,000 sq.ft plot, the total guideline value is Rs 8,81,000. The stamp duty is Rs 61,670, and the registration fee is Rs 17,620, totaling Rs 79,290.

Where is the Sub Registrar Office for Kamatchi Nagar (Val)?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.