Guideline Value for KAMATCHI NAGAR 5/28B

Kamatchi Nagar 5/28b guideline value

The current guideline value of Kamatchi Nagar 5/28b is Rs 1,720 per sq.ft, effective from 1 July 2024. This property is located in Kollappancheri village and falls under the Poonamallee SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Kamatchi Nagar 5/28b has changed

The guideline value for Kamatchi Nagar 5/28b has seen revisions over the years. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 1,720 per sq.ft, which remained unchanged in the 2024 revision, also at Rs 1,720 per sq.ft. This indicates that there has been no percentage change between the 2023 and 2024 revisions, which is +0%.

With the 2024 revision, the guideline value for Kamatchi Nagar 5/28b is consistent with the previous year, maintaining a stable rate. This consistency in the guideline value reflects the area's classification and market conditions.

Guideline values in Kollappancheri

In Kollappancheri, there are 7 streets under the Poonamallee SRO that have a 2024 guideline value, ranging from Rs 550 to Rs 2,900 per sq.ft. The median guideline value for these streets is Rs 2,300 per sq.ft, positioning Kamatchi Nagar 5/28b below this median value.

• Kamachi Nagar: Rs 550 per sq.ft (2024)
• Homeland Klassic: Rs 2,900 per sq.ft (2024)
• Chaitanya Avenue: Rs 2,300 per sq.ft (2024)
• Rakesh Avenue: Rs 1,720 per sq.ft (2024)
• Royal Castle Phase-I: Rs 2,300 per sq.ft (2024)
• Royal Castle Phase - II: Rs 2,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kamatchi Nagar 5/28b

For a 1,000 sq.ft plot at the current guideline value of Rs 1,720 per sq.ft, the total guideline value would be Rs 17,20,000. The stamp duty at 7% would amount to Rs 1,20,400, and the registration fee at 2% would be Rs 34,400, making the total fees together Rs 1,54,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Kamatchi Nagar 5/28b?

The Sub Registrar Office that covers Kamatchi Nagar 5/28b is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Kollappancheri. It is used to determine the stamp duty and registration fees that need to be paid during the transfer of property ownership.

When buying or selling property, the guideline value is referenced to ensure that the correct fees are calculated based on the property's value. This helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Kamatchi Nagar 5/28b?

The current guideline value of Kamatchi Nagar 5/28b is Rs 1,720 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,720 per sq.ft since the 2023 revision and continues to be the same in the 2024 revision. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What are the stamp duty and registration fees for Kamatchi Nagar 5/28b?

For a 1,000 sq.ft plot, the total guideline value is Rs 17,20,000. The stamp duty at 7% is Rs 1,20,400, and the registration fee at 2% is Rs 34,400, totaling Rs 1,54,800.

Which Sub Registrar Office covers the area of Kamatchi Nagar 5/28b?

The Poonamallee Sub Registrar Office covers the area of Kamatchi Nagar 5/28b, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.

What is the median guideline value for streets in Kollappancheri?

The median guideline value for the streets in Kollappancheri is Rs 2,300 per sq.ft, with Kamatchi Nagar 5/28b being below this median at Rs 1,720 per sq.ft.