Guideline Value for KAMATCHI NAGAR (VAL)

Kamatchi Nagar (Val) guideline value

The current guideline value of Kamatchi Nagar (Val) is Rs 880 per sq.ft, effective from 1 July 2024. This area falls under Vallancheri village, governed by the Chengleput Joint II SRO, and is 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 seen 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 latest 2024 revision raised it further to Rs 880 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, the value increased by 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figure for this street for the years 2002, 2003, and 2007.

Guideline values in Vallancheri

In Vallancheri, there are 134 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 is Rs 825 per sq.ft, placing Kamatchi Nagar (Val) above this median at Rs 880 per sq.ft.

• 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 880 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 rate of Rs 880 per sq.ft, the guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, totaling Rs 79,200. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Kamatchi Nagar (Val)?

The Sub Registrar Office that covers 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 further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vallancheri. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that transactions are documented fairly and transparently.

When a buyer or seller engages in a property transaction, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial obligations associated with the sale, based on the established guideline value.

Frequently asked questions

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

The current guideline value of Kamatchi Nagar (Val) is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed multiple times, with the most recent increase being from Rs 800 per sq.ft in 2023 to Rs 880 per sq.ft in 2024. The overall change from 2012 to 2024 is an increase of 10%.

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

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

What are the other guideline values in Vallancheri?

In Vallancheri, guideline values range from Rs 440 to Rs 2,200 per sq.ft, with Kamatchi Nagar (Val) being above the median value of Rs 825 per sq.ft at Rs 880 per sq.ft.

Where can I find 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. This office handles registrations for Kamatchi Nagar (Val).