Guideline Value for Kamachi Amman Nagar - III

Kamachi Amman Nagar - III guideline value

The current guideline value of Kamachi Amman Nagar - III is Rs 600 per sq.ft, effective from 1 July 2024. This area is located in Irunkattukottai village, under the Sriperumpudur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Kamachi Amman Nagar - III has changed

The guideline value for Kamachi Amman Nagar - III has seen several revisions over the years. In the 2012 revision, the value was set at Rs 600 per sq.ft. This remained unchanged in the 2017 revision, where it was still Rs 600 per sq.ft. However, in the 2017 revision, there was a significant increase of 49% from the previous figure of Rs 402 per sq.ft in 2012. The 2023 revision also maintained the value at Rs 600 per sq.ft, showing no change from the previous year. The 2024 revision continues this trend, with the current guideline value remaining at Rs 600 per sq.ft, reflecting a 0% change from 2023.

It is important to note that there are no figures available for Kamachi Amman Nagar - III in the revisions for the years 2002, 2003, and 2007. Overall, comparing the values from 2012 to 2024, there has been no net change, maintaining the guideline value at Rs 600 per sq.ft.

Guideline values in Irunkattukottai

In Irunkattukottai, there are 56 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 250 to Rs 1,250 per sq.ft. The median value for these streets is Rs 400 per sq.ft, placing Kamachi Amman Nagar - III above this median.

• Kamachi Amman Nagar - II: Rs 600 per sq.ft (2024)
• Kamachi Amman Nagar - IV: Rs 600 per sq.ft (2024)
• Kamachi Amman Nagar - I: Rs 600 per sq.ft (2024)
• Kalaignar Street: Rs 250 per sq.ft (2024)
• Kajalakshmi Nagar: Rs 400 per sq.ft (2024)
• Kandasala Nagar: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Kamachi Amman Nagar - III

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, while the registration fee at 2% would be Rs 12,000. Together, the total fees would be Rs 54,000. Please note that stamp 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 Kamachi Amman Nagar - III?

The Sub Registrar Office that covers Kamachi Amman Nagar - III is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Irunkattukottai. It serves as the basis for calculating the stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable fees. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kamachi Amman Nagar - III?

The current guideline value of Kamachi Amman Nagar - III is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft since 2012, with no change from 2023 to 2024. There was a significant increase of 49% from Rs 402 per sq.ft in 2012 to Rs 600 per sq.ft in 2017.

What is the land classification of Kamachi Amman Nagar - III?

Kamachi Amman Nagar - III is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Kamachi Amman Nagar - III?

The Sub Registrar Office for Kamachi Amman Nagar - III is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated for properties in Kamachi Amman Nagar - III?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 6,00,000, the stamp duty at 7% would be Rs 42,000.