Guideline Value for Kamachi Amman Nagar - I

Kamachi Amman Nagar - I guideline value

The current guideline value of Kamachi Amman Nagar - I 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 - I has changed

Over the years, the guideline value for Kamachi Amman Nagar - I has seen various revisions. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 402 per sq.ft, reflecting a decrease of 33%. This was followed by a significant increase in the 2023 revision, which brought the value back to Rs 600 per sq.ft, marking a 49% increase from the 2017 figure.

The most recent revision in 2024 has maintained the guideline value at Rs 600 per sq.ft, resulting in no percentage change from the previous year. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Irunkattukottai

In Irunkattukottai village, 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 guideline value in this area is Rs 400 per sq.ft, making the 2024 figure for Kamachi Amman Nagar - I higher than the median.

• Kamachi Amman Nagar - II: 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 - I

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, bringing the total fees to Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kamachi Amman Nagar - I?

The Sub Registrar Office that covers Kamachi Amman Nagar - I 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

The guideline value plays a crucial role in property transactions in Irunkattukottai. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that must be paid at the time of registration. This ensures that both parties in the transaction are aware of the financial obligations involved.

Additionally, the guideline value serves as a benchmark for property pricing in the area. It is essential for buyers and sellers to consider this value when negotiating sale prices to ensure compliance with local regulations and to avoid any potential disputes during the registration process.

Frequently asked questions

What is the current guideline value for Kamachi Amman Nagar - I?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then back to Rs 600 per sq.ft in 2023, and remains at Rs 600 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in Kamachi Amman Nagar - I?

For a 1,000 sq.ft property at the current guideline value, the total stamp duty would be Rs 42,000 and the registration fee would be Rs 12,000, totaling Rs 54,000.

Which Sub Registrar Office is responsible for Kamachi Amman Nagar - I?

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

What is the land classification for Kamachi Amman Nagar - I?

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