Guideline Value for Kamachi Avenue Phase - II

Kamachi Avenue Phase - II guideline value

The current guideline value of Kamachi Avenue Phase - II is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Valarpuram village, under the Sriperumpudur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Kamachi Avenue Phase - II has changed

Over the years, the guideline value of Kamachi Avenue Phase - II has seen several revisions. The 2007 revision set the value at Rs 100 per sq.ft, which increased significantly to Rs 300 per sq.ft in the 2012 revision. However, this value then decreased to Rs 201 per sq.ft in the 2017 revision. The 2023 revision maintained the value at Rs 300 per sq.ft, and the same value continues in the 2024 revision, indicating no change from the previous year.

From 2017 to 2023, the guideline value increased by 49%. The jump from 2007 to 2012 was a substantial 200%, followed by a decrease of 33% from 2012 to 2017. Overall, from 2007 to 2024, the guideline value has risen by 200%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Valarpuram

In Valarpuram, there are 91 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 2,025 per sq.ft. The median guideline value is Rs 300 per sq.ft, which is equal to the 2024 figure for Kamachi Avenue Phase - II.

• Kamachi Avenue: Rs 300 per sq.ft (2024)
• Kamachi Colony: Rs 300 per sq.ft (2024)
• Kambar Street: Rs 200 per sq.ft (2024)
• Kammalar Street: Rs 200 per sq.ft (2024)
• Joseph Nagar: Rs 400 per sq.ft (2024)
• Karthik Nagar: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Kamachi Avenue Phase - II

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, while the registration fee at 2% would be Rs 6,000, bringing the total charges to Rs 27,000. 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 details.

Which Sub Registrar Office covers Kamachi Avenue Phase - II?

The Kamachi Avenue Phase - II falls under the jurisdiction of the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Valarpuram. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value is used to calculate the applicable charges, ensuring that both buyers and sellers are aware of their financial obligations. This helps maintain transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value of Kamachi Avenue Phase - II?

The current guideline value of Kamachi Avenue Phase - II is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2007 to Rs 300 per sq.ft in 2012, decreased to Rs 201 per sq.ft in 2017, and then returned to Rs 300 per sq.ft in 2023 and 2024.

What is the median guideline value in Valarpuram?

The median guideline value in Valarpuram is Rs 300 per sq.ft, which is the same as the current guideline value for Kamachi Avenue Phase - II.

What are the stamp duty and registration fees for property in Kamachi Avenue Phase - II?

For a 1,000 sq.ft plot at the guideline value of Rs 300 per sq.ft, the total charges would be Rs 27,000, which includes stamp duty and registration fees based on the guideline value.

Where is the Sriperumpudur Sub Registrar Office located?

The Sriperumpudur Sub Registrar Office is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.