Guideline Value for KANAGAMBAL NAGAR

Kanagambal Nagar guideline value

The current guideline value of Kanagambal Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Matthur village under the Thiruvottiyur SRO and is classified as Residential Special Type - III.

How the guideline value of Kanagambal Nagar has changed

The guideline value for Kanagambal Nagar has seen significant changes over the years. In 2007, the value was Rs 200 per sq.ft, which increased dramatically to Rs 1,000 per sq.ft by 2012, marking a 400% increase. However, this value decreased to Rs 670 per sq.ft in 2017, a decline of 33%. The value then rose to Rs 1,000 per sq.ft in 2023, before reaching the current figure of Rs 1,100 per sq.ft in 2024, representing a 10% increase.

From 2017 to 2023, there was a notable increase of 49%. Overall, from 2007 to 2024, the guideline value has increased by 450%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Matthur

In Matthur, there are 66 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 3,300 per sq.ft, with the median being Rs 1,100 per sq.ft. Kanagambal Nagar's 2024 figure is equal to this median.

• Kanagambal Nagar Extn: Rs 1,100 per sq.ft (2024)
• Kamaraj Salai: Rs 1,650 per sq.ft (2024)
• Kannappan Nagar: Rs 1,100 per sq.ft (2024)
• Kamaraj Nagar: Rs 1,100 per sq.ft (2024)
• Karumari Amman Kovil Streets/ Nagars: Rs 1,100 per sq.ft (2024)
• Kaliyuga Kannman Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Kanagambal Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. 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 Kanagambal Nagar?

The Sub Registrar Office that covers Kanagambal Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a crucial aspect of property transactions in Matthur, as it determines the amount of stamp duty and registration fees payable during the registration process. Buyers and sellers must refer to the latest guideline value to ensure compliance with legal requirements.

When a property is sold, the guideline value serves as a benchmark for calculating the necessary fees. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value of Kanagambal Nagar?

The current guideline value of Kanagambal Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 200 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 450% over the years.

What is the land classification of Kanagambal Nagar?

Kanagambal Nagar is classified as Residential Special Type - III, which influences its guideline value and property usage.

Where can I find the Sub Registrar Office for Kanagambal Nagar?

The Sub Registrar Office for Kanagambal Nagar is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is the stamp duty calculated for properties in Kanagambal Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 1,100 per sq.ft incurs a total duty of Rs 99,000.