Guideline Value for KAMATCHI NAGAR

Kamatchi Nagar guideline value

The current guideline value of Kamatchi Nagar is Rs 330 per sq.ft, effective from 1 July 2024. This street is located in Athipattu village under the Thiruvottiyur SRO, classified as Residential Class I Type - I.

How the guideline value of Kamatchi Nagar has changed

The guideline value for Kamatchi Nagar has undergone several revisions over the years. The oldest recorded revision was in 2017, where the guideline value was Rs 201 per sq.ft. In 2023, the value increased to Rs 300 per sq.ft, marking a significant rise of 49%. The latest revision in 2024 set the guideline value at Rs 330 per sq.ft, which is a further increase of 10% from the previous year.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for Kamatchi Nagar. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Athipattu

Athipattu village has a total of 108 streets under the Thiruvottiyur SRO with a 2024 guideline value ranging from Rs 220 to Rs 462 per sq.ft. The median value is Rs 330 per sq.ft, which aligns with the guideline value of Kamatchi Nagar.

• Kamban Nagar: Rs 330 per sq.ft (2024)
• Kamaraj Palayam: Rs 330 per sq.ft (2024)
• Kamarajar Street: Rs 330 per sq.ft (2024)
• Kannya Puram: Rs 330 per sq.ft (2024)
• Kali Varadhan Nagar: Rs 330 per sq.ft (2024)
• Karaiyan Medu: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Kamatchi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value amounts to Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, bringing the total fees together to Rs 29,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kamatchi Nagar?

The Sub Registrar Office that covers Kamatchi Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Athipattu. It serves as a benchmark for determining the stamp duty and registration fees applicable during the purchase or sale of property.

When buyers or sellers engage in a transaction, the guideline value is used to calculate the necessary fees, ensuring compliance with local regulations. This value helps maintain transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value of Kamatchi Nagar?

The current guideline value of Kamatchi Nagar is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 201 per sq.ft in 2017 to Rs 330 per sq.ft in 2024, marking a total increase of 64% over this period.

What is the stamp duty rate for properties in Kamatchi Nagar?

The stamp duty rate for properties in Kamatchi Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Thiruvottiyur Sub Registrar Office?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is the guideline value used in property transactions?

The guideline value is used to calculate stamp duty and registration fees during property transactions. It ensures that all transactions adhere to local regulations and maintain transparency.