Guideline Value for KAMATCHI NAGR

Kamatchi Nagr guideline value

The current guideline value of Kamatchi Nagr is Rs 1,300 per sq.ft, effective from 1 July 2024. This area is located in Madurabakkam village under the Selaiyur SRO, classified as Residential Class II Type - I.

How the guideline value of Kamatchi Nagr has changed

The guideline value for Kamatchi Nagr has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,300 per sq.ft, an increase from the 2023 revision of Rs 1,200 per sq.ft, reflecting an 8% rise. Prior to that, in 2017, the value was Rs 804 per sq.ft, which means there was a significant increase of 49% leading up to 2023. The 2012 revision also recorded a value of Rs 1,200 per sq.ft, indicating a decrease of 33% when compared to the 2017 figure.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 8%.

Guideline values in Madurabakkam

In Madurabakkam, there are 23 streets under the Selaiyur SRO that carry a guideline value for 2024, ranging from Rs 1,100 to Rs 2,700 per sq.ft. The median value for these streets is Rs 1,600 per sq.ft, making Kamatchi Nagr's 2024 figure of Rs 1,300 per sq.ft below the median.

• Kaviya Nagar: Rs 1,600 per sq.ft (2024)
• Kavya Nagar: Rs 1,600 per sq.ft (2024)
• K P Daffodils: Rs 2,700 per sq.ft (2024)
• Madurapakkam Main Road: Rs 2,200 per sq.ft (2024)
• Green Castle Avenue: Rs 1,600 per sq.ft (2024)
• Dr.RAGINI CITY: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Kamatchi Nagr

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, while the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. 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 Nagr?

The Sub Registrar Office that covers Kamatchi Nagr is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for additional information.

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

The guideline value serves as a reference point for property transactions in Madurabakkam, ensuring that properties are registered at a value that reflects the prevailing market conditions. When you buy or sell property, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction.

It is crucial for buyers and sellers to be aware of the guideline value as it impacts the overall cost of property transactions. Accurate registration based on the guideline value helps maintain transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Kamatchi Nagr?

The current guideline value of Kamatchi Nagr is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 804 per sq.ft in 2017 to Rs 1,300 per sq.ft in 2024, with various revisions in between, including Rs 1,200 per sq.ft in 2023 and 2012.

What are the stamp duty and registration fees for property in Kamatchi Nagr?

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000, and the registration fee would be Rs 26,000, totaling Rs 1,17,000.

Which Sub Registrar Office covers Kamatchi Nagr?

The Selaiyur Sub Registrar Office covers Kamatchi Nagr, located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Chennai - 600 073.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees when buying or selling property. It ensures that properties are registered at a value that reflects the prevailing market conditions.