Guideline Value

Corporate

Guideline Value for KAMATCHI NAGAR/SRI KAMATCHI NAGAR

₹1800/sq.ft.

The guideline value for Kamatchi Nagar/sri Kamatchi Nagar in Chemmancheri village (Neelankarai SRO, Chennai zone) is Rs 1800 per sq.ft, effective 1 July 2024. It was Rs 1600 per sq.ft from 1 April 2023, a 13% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Chemmancheri

Village

Neelankarai

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1800 /sq.ft.
From 1-4-2023 ₹1600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1072 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1600 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]

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Kamatchi Nagar/Sri Kamatchi Nagar guideline value

The current guideline value for Kamatchi Nagar/Sri Kamatchi Nagar is Rs 1,800 per sq.ft, effective from 1 July 2024. This area is located in Chemmancheri village under the Neelankarai SRO, classified as Residential Class III Type - I.

How the guideline value of Kamatchi Nagar/Sri Kamatchi Nagar has changed

Over the years, the guideline value for Kamatchi Nagar/Sri Kamatchi Nagar has seen several revisions. The 2012 revision set the value at Rs 1,600 per sq.ft, which was a decrease from Rs 1,072 per sq.ft in 2017. The 2023 revision increased the value to Rs 1,600 per sq.ft, and the latest 2024 revision raised it further to Rs 1,800 per sq.ft, marking a 13% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 13%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Chemmancheri

In Chemmancheri, there are 195 streets under the Neelankarai SRO that have a guideline value for 2024, ranging from Rs 1,000 to Rs 6,600 per sq.ft. The median value for these streets is Rs 1,700 per sq.ft, placing Kamatchi Nagar/Sri Kamatchi Nagar above this median.

Stamp duty and registration fee for property in Kamatchi Nagar/Sri Kamatchi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,800 per sq.ft, the total guideline value would be Rs 18,00,000. The stamp duty at 7% would amount to Rs 1,26,000, and the registration fee at 2% would be Rs 36,000, totaling Rs 1,62,000. It is important to 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/Sri Kamatchi Nagar?

The Kamatchi Nagar/Sri Kamatchi Nagar area is covered by the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

When buying or selling property in Chemmancheri, the guideline value is a crucial factor during the registration process. It determines the stamp duty and registration fees that need to be paid, ensuring that the transaction is legally recognized.

The guideline value is set by the Registration Department and reflects the market conditions in the area. Buyers and sellers must consider this value to ensure compliance with regulatory requirements during property transactions.

Frequently asked questions

What is the current guideline value for Kamatchi Nagar/Sri Kamatchi Nagar?

The current guideline value for Kamatchi Nagar/Sri Kamatchi Nagar is Rs 1,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,600 per sq.ft in 2023 to Rs 1,800 per sq.ft in 2024, marking a 13% increase. It was Rs 1,072 per sq.ft in 2017 and Rs 1,600 per sq.ft in 2012, showing significant changes over the years.

What is the land classification for Kamatchi Nagar/Sri Kamatchi Nagar?

Kamatchi Nagar/Sri Kamatchi Nagar is classified as Residential Class III Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office covering Kamatchi Nagar/Sri Kamatchi Nagar is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property with a guideline value of Rs 18,00,000, the stamp duty would be 7% of this amount.