Guideline Value for KAMATCHI PURAM

Kamatchi Puram guideline value

The current guideline value of Kamatchi Puram is Rs 220 per sq.ft, effective from 1 July 2024. This area is located in Vallur village under the Thiruvottiyur SRO and is classified as Residential Class II Type - I.

How the guideline value of Kamatchi Puram has changed

The guideline value for Kamatchi Puram has seen several revisions over the years. The oldest recorded revision is from 2017, where the guideline value was Rs 134 per sq.ft. This figure increased to Rs 200 per sq.ft in 2023, marking a significant increase of 49%. The latest revision in 2024 has set the guideline value at Rs 220 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that there are no recorded figures for this street in the years 2002, 2003, 2007, and 2012.

Guideline values in Vallur

In Vallur, there are 75 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 551 per sq.ft. The median guideline value in this village is Rs 220 per sq.ft, which is the same as the current guideline value for Kamatchi Puram.

• Kamatchi Nagar: 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 Puram

For a 1,000 sq.ft plot at the current guideline value of Rs 220 per sq.ft, the total guideline value would be 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. Together, the total cost for these fees would be Rs 19,800. It is important to note that the 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 on your specific property transaction.

Which Sub Registrar Office covers Kamatchi Puram?

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

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 stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the buyer must pay the applicable stamp duty 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 Puram?

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

How has the guideline value changed over the years?

The guideline value has increased from Rs 134 per sq.ft in 2017 to Rs 220 per sq.ft in 2024, reflecting an overall increase of 64% during this period.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 2,20,000, the stamp duty would be Rs 15,400 and the registration fee would be Rs 4,400, totaling Rs 19,800. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations in Kamatchi Puram?

The Thiruvottiyur Sub Registrar Office handles property registrations in Kamatchi Puram. It 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 Nagar, Kairali Nagar, J.R. Nagar, Joseph Street, Jaya Nagar, and Jayalakshmi Nagar.