Guideline Value for KAMBAN NAGAR

Kamban Nagar guideline value

The current guideline value of Kamban 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 Kamban Nagar has changed

The guideline value for Kamban Nagar has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 330 per sq.ft, which reflects an increase from Rs 300 per sq.ft in the 2023 revision. This change represents a 10% increase. Prior to that, the 2017 revision recorded a value of Rs 201 per sq.ft, marking a significant increase of 49% from 2017 to 2023. Overall, from 2017 to 2024, the guideline value has risen by 64%.

It is important to note that there are no figures available for Kamban Nagar in the revisions from 2002, 2003, 2007, and 2012. The absence of these figures means that the most relevant data for potential buyers and sellers pertains to the revisions from 2017 onwards.

Guideline values in Athipattu

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

• Kamatchi 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)
• Karaiyan Medu: Rs 330 per sq.ft (2024)
• Kali Varadhan Nagar: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Kamban 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, calculated at 7%, would be Rs 23,100, while the registration fee at 2% would be Rs 6,600. Therefore, the total cost for stamp duty and registration would be Rs 29,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kamban Nagar?

Kamban Nagar falls under the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process of property transactions in Athipattu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property, which can influence negotiation and final sale agreements. It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during property transactions.

Frequently asked questions

What is the current guideline value of Kamban Nagar?

The current guideline value of Kamban 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 an overall increase of 64% over this period.

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

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 3,30,000, the total fees would amount to Rs 29,700.

Which Sub Registrar Office covers Kamban Nagar?

Kamban Nagar is covered by the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the minimum value for property registration, impacting the stamp duty and registration fees payable during transactions. It ensures that the government receives appropriate revenue from property sales.