Guideline Value for KAMATCHI NAGAR

Kamatchi Nagar guideline value

The current guideline value of Kamatchi Nagar is Rs 2,010 per sq.ft, effective from 1 July 2024. This street is located in Naduveerapattu village, under the Padappai SRO, and is classified as Mixed Special Type - I land.

How the guideline value of Kamatchi Nagar has changed

The guideline value for Kamatchi Nagar has seen significant changes over the years. The 2017 revision recorded a value of Rs 1,260 per sq.ft, which increased to Rs 1,881 per sq.ft in 2023, marking a substantial rise of 49%. The latest revision in 2024 has set the value at Rs 2,010 per sq.ft, reflecting a 7% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 60%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for Kamatchi Nagar.

Guideline values in Naduveerapattu

Naduveerapattu has a total of 96 streets under the Padappai SRO, with a 2024 guideline value range from Rs 330 to Rs 2,500 per sq.ft. The median guideline value for the village is Rs 660 per sq.ft, placing Kamatchi Nagar's 2024 value above this median.

• Kannagi Street: Rs 550 per sq.ft (2024)
• Kalki Nagar: Rs 550 per sq.ft (2024)
• Jayalakshmi Nagar: Rs 660 per sq.ft (2024)
• Jagan Nagar: Rs 770 per sq.ft (2024)
• Krishna Nagar: Rs 330 per sq.ft (2024)
• Indira Nagar: Rs 1,650 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 2,010 per sq.ft, the total guideline value would be Rs 20,10,000. The stamp duty at 7% would amount to Rs 1,40,700, and the registration fee at 2% would be Rs 40,200, bringing the total to Rs 1,80,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamatchi Nagar?

The Sub Registrar Office that covers Kamatchi Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Naduveerapattu. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property transaction.

When a property is registered, the guideline value is considered to ensure that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings.

Frequently asked questions

What is the current guideline value of Kamatchi Nagar?

The current guideline value of Kamatchi Nagar is Rs 2,010 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,260 per sq.ft in 2017 to Rs 2,010 per sq.ft in 2024, reflecting a total increase of 60% over this period.

What is the median guideline value in Naduveerapattu?

The median guideline value in Naduveerapattu is Rs 660 per sq.ft, with Kamatchi Nagar's value being above this median at Rs 2,010 per sq.ft.

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

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

Which office handles property registrations for Kamatchi Nagar?

The Padappai Sub Registrar Office handles property registrations for Kamatchi Nagar, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.