Guideline Value for Kamachi Amman Nagar - II

Kamachi Amman Nagar - II guideline value

The current guideline value of Kamachi Amman Nagar - II is Rs 600 per sq.ft, effective from 1 July 2024. This area is located in Irunkattukottai_B village and falls under the Sriperumpudur SRO. The land classification for this street is Residential Class I Type - I.

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

The guideline value for Kamachi Amman Nagar - II has seen several revisions over the years. In the 2017 revision, the guideline value was Rs 402 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 600 per sq.ft. The current 2024 revision maintains this value at Rs 600 per sq.ft, reflecting a 49% increase from the 2017 figure.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. Therefore, the significant change from 2017 to 2024 is a 49% increase, with no change observed between 2023 and 2024.

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. The median guideline value for these streets is Rs 400 per sq.ft, positioning Kamachi Amman Nagar - II above this median at Rs 600 per sq.ft.

• Kamachi Amman Nagar - I: Rs 600 per sq.ft (2024)
• Kamachi Amman Nagar - III: Rs 600 per sq.ft (2024)
• Kamachi Amman Nagar - IV: 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 - II

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty is calculated at 7%, resulting in Rs 42,000, while the registration fee at 2% amounts to Rs 12,000. Together, these fees total Rs 54,000. 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 Kamachi Amman Nagar - II?

The Sub Registrar Office that covers Kamachi Amman Nagar - II 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 plays a crucial role in the registration process when buying or selling property in Irunkattukottai_B. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the transaction. Buyers and sellers must refer to the current guideline value to understand the financial obligations involved in the registration process.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that all transactions are conducted fairly and transparently, adhering to the regulations set forth by the Registration Department.

Frequently asked questions

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

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

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 49% from Rs 402 per sq.ft to Rs 600 per sq.ft in 2024. There was no change in the value from 2023 to 2024.

What is the median guideline value for streets in Irunkattukottai_B?

The median guideline value for streets in Irunkattukottai_B is Rs 400 per sq.ft. Kamachi Amman Nagar - II is above this median at Rs 600 per sq.ft.

What are the stamp duty rates for property transactions in this area?

The stamp duty rate is 7% of the guideline value or the sale price, whichever is higher. The registration fee is 2% of the same amount.

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

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