Guideline Value for KAMATCHI NAGAR BHARATHI SALAI

Kamatchi Nagar Bharathi Salai guideline value

The current guideline value of Kamatchi Nagar Bharathi Salai is Rs 1,210 per sq.ft, effective from 1 July 2024. This street is located in Sivabootham village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Kamatchi Nagar Bharathi Salai has changed

The guideline value for Kamatchi Nagar Bharathi Salai has undergone several revisions over the years. The 2012 revision set the value at Rs 1,100 per sq.ft, which was then reduced to Rs 737 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 1,100 per sq.ft, and the most recent 2024 revision has set it at Rs 1,210 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

From the 2012 revision to the 2024 revision, there has been an overall increase of 10%. The change from 2017 to 2023 saw a significant increase of 49%, while the change from 2012 to 2017 resulted in a decrease of 33%. The latest change from 2023 to 2024 reflects an increase of 10%.

Guideline values in Sivabootham

Sivabootham village has 39 streets under the Chennai South Joint I SRO with a 2024 guideline value ranging from Rs 1,120 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, making the guideline value for Kamatchi Nagar Bharathi Salai below the median.

• Kamatchi Nagar 3rd Street: Rs 1,210 per sq.ft (2024)
• Kamatchi Nagar 2nd Street: Rs 1,210 per sq.ft (2024)
• Kamatchi Nagar 1st Street: Rs 1,210 per sq.ft (2024)
• Kamatchi Nagar: Rs 1,210 per sq.ft (2024)
• Karunya Nagar: Rs 1,130 per sq.ft (2024)
• Indira Nagar: Rs 1,120 per sq.ft (2024)

Stamp duty and registration fee for property in Kamatchi Nagar Bharathi Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 1,210 per sq.ft, the total guideline value would be Rs 12,10,000. The stamp duty at 7% would amount to Rs 84,700, while the registration fee at 2% would be Rs 24,200. Together, the total charges would be Rs 1,08,900. Please note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kamatchi Nagar Bharathi Salai?

The Sub Registrar Office that covers Kamatchi Nagar Bharathi Salai is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Sivabootham. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from property transactions.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price, which helps in maintaining transparency in property dealings.

Frequently asked questions

What is the current guideline value of Kamatchi Nagar Bharathi Salai?

The current guideline value of Kamatchi Nagar Bharathi Salai is Rs 1,210 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,100 per sq.ft in 2012 to Rs 737 per sq.ft in 2017, then to Rs 1,100 per sq.ft in 2023, and finally to Rs 1,210 per sq.ft in 2024. The register has no figures for the years 2002, 2003, and 2007 for this street.

What is the land classification for Kamatchi Nagar Bharathi Salai?

The land classification for Kamatchi Nagar Bharathi Salai is Residential Class III Type - I. This classification indicates the type of development allowed in the area.

What are the stamp duty and registration fees for properties in Kamatchi Nagar Bharathi Salai?

The stamp duty is charged at 7%, while the registration fee is charged at 2% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a total charge of Rs 1,08,900 based on the current guideline value.

Where is the Sub Registrar Office for Kamatchi Nagar Bharathi Salai located?

The Sub Registrar Office covering Kamatchi Nagar Bharathi Salai is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. This office handles the registration of property transactions in the area.