Guideline Value for KAMATCHI NAGAR

Kamatchi Nagar guideline value

The current guideline value of Kamatchi Nagar is Rs 220 per sq.ft, effective from 1 July 2024. This area is located in Vallur village, under the Thiruvottiyur SRO. The land classification for this street is Residential Class II Type - I.

How the guideline value of Kamatchi Nagar has changed

Looking at the historical revisions, the guideline value for Kamatchi Nagar was Rs 134 per sq.ft in 2017. It then increased to Rs 200 per sq.ft in the 2023 revision, marking a significant rise of 49% over six years. The most recent revision in 2024 shows a further increase to Rs 220 per sq.ft, which is a 10% rise from the previous year.

There are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Vallur

In Vallur village, there are 75 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 551 per sq.ft, with the median being Rs 220 per sq.ft. Kamatchi Nagar's 2024 guideline value aligns with this median.

• Kamatchi Puram: Rs 220 per sq.ft (2024)
• Kairali Nagar: Rs 220 per sq.ft (2024)
• J.R. Nagar: Rs 220 per sq.ft (2024)
• Joseph Street: Rs 220 per sq.ft (2024)
• Jaya Nagar: Rs 220 per sq.ft (2024)
• Jayalakshmi Nagar: Rs 220 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 220 per sq.ft, the total guideline value is Rs 2,20,000. The stamp duty at 7% would amount to Rs 15,400, and the registration fee at 2% would be Rs 4,400, bringing the total fees together to Rs 19,800. It is important to note that 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 information.

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 further assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Vallur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kamatchi Nagar?

The current guideline value of Kamatchi Nagar is Rs 220 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 134 per sq.ft to Rs 220 per sq.ft in 2024, which is a total increase of 64% over this period.

What are the stamp duty rates for properties in Kamatchi Nagar?

The stamp duty for properties in Kamatchi Nagar is charged at 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.

Are there other streets in Vallur with the same guideline value?

Yes, several other streets in Vallur have the same guideline value of Rs 220 per sq.ft for 2024, including Kamatchi Puram, Kairali Nagar, J.R. Nagar, Joseph Street, Jaya Nagar, and Jayalakshmi Nagar.