Guideline Value for Kamachi Colony

Kamachi Colony guideline value

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

How the guideline value of Kamachi Colony has changed

The guideline value of Kamachi Colony has seen several revisions over the years. The earliest recorded revision in 2007 set the value at Rs 100 per sq.ft. This increased significantly by 200% to Rs 300 per sq.ft in 2012. However, in 2017, the value dropped to Rs 201 per sq.ft, reflecting a decrease of 33%. The value then rose by 49% to Rs 300 per sq.ft in 2023, remaining unchanged in the 2024 revision.

There are no recorded figures for Kamachi Colony in the revisions of 2002 and 2003. The current value of Rs 300 per sq.ft in 2024 is equal to the value from the 2023 revision, indicating stability in the recent years.

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 value is Rs 300 per sq.ft, which aligns with the current guideline value of Kamachi Colony.

• Kamachi Avenue Phase - II: Rs 300 per sq.ft (2024)
• Kamachi Avenue: 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 Colony

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, and the registration fee at 2% would be Rs 6,000, bringing the total 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.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamachi Colony?

The Sub Registrar Office covering Kamachi Colony 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 Valarpuram

When buying or selling property in Valarpuram, the guideline value is a crucial factor in determining the stamp duty and registration fees. It serves as a benchmark for the value of the property and is used by the registration office to calculate the applicable fees.

It is essential for buyers and sellers to be aware of the guideline value, as it affects the overall cost of the transaction, including the stamp duty and registration fees that must be paid at the time of registration.

Frequently asked questions

What is the current guideline value of Kamachi Colony?

The current guideline value of Kamachi Colony 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, then decreased to Rs 201 per sq.ft in 2017, and has remained at Rs 300 per sq.ft since 2023.

What are the other streets with similar guideline values in Valarpuram?

Other streets in Valarpuram with similar guideline values include Kamachi Avenue and Kamachi Avenue Phase - II, both at Rs 300 per sq.ft in 2024.

What are the stamp duty rates for properties in Kamachi Colony?

The stamp duty for properties in Kamachi Colony is charged at 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Kamachi Colony located?

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