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 street is located in Irunkattukottai_B village under the Sriperumpudur SRO, 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. The 2024 revision maintains the rate at Rs 600 per sq.ft, unchanged from the 2023 revision. Prior to that, the 2017 revision recorded a value of Rs 402 per sq.ft, resulting in a 49% increase from 2017 to 2023 and an overall increase of 49% from 2017 to 2024. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Guideline values in Irunkattukottai_B

In Irunkattukottai_B, there are 54 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 250 to Rs 1,200 per sq.ft, with a median value of Rs 400 per sq.ft. The guideline value of Kamachi Amman Nagar - III is 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 rate of Rs 600 per sq.ft, the guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, making the total Rs 54,000. 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.

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 information.

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

The guideline value is a crucial factor in property transactions in Irunkattukottai_B, as it determines the minimum value at which properties can be registered. When a buyer purchases a property, the stamp duty and registration fees are calculated based on this guideline value or the sale price, whichever is higher.

This ensures that all property transactions are recorded at a standard value, which helps in maintaining transparency and accountability in the real estate market. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during the registration process.

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 from 2023 to 2024, while it increased from Rs 402 per sq.ft in 2017 to Rs 600 per sq.ft in 2023, marking a 49% increase.

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 purposes.

Which office handles registrations for Kamachi Amman Nagar - III?

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

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 6,00,000, the stamp duty would be Rs 42,000 and the registration fee would be Rs 12,000, totaling Rs 54,000. These fees are based on the guideline value or the sale price, whichever is higher.