Guideline Value for Kamachi Nagar 1-st St

Kamachi Nagar 1-st St guideline value

The current guideline value of Kamachi Nagar 1-st St is Rs 2,750 per sq.ft. This street is located in Kadaperi village, under the Tambaram Joint 1 SRO, and is classified as Residential Special Type - I.

How the guideline value of Kamachi Nagar 1-st St has changed

Over the years, the guideline value of Kamachi Nagar 1-st St has seen several revisions. The earliest recorded value was Rs 850 per sq.ft in 2007. This figure increased significantly to Rs 2,500 per sq.ft in 2012, marking a 194% rise. However, it then decreased to Rs 1,675 per sq.ft in 2017, which was a 33% drop. The value climbed to Rs 2,500 per sq.ft in 2023, followed by a further increase to the current rate of Rs 2,750 per sq.ft effective from 1 July 2024, representing a 10% hike.

From 2017 to 2023, the guideline value rose by 49%. Overall, from 2007 to 2024, the increase is substantial at 224%. The register does not contain figures for the years 2002 and 2003 for this street.

Guideline values in Kadaperi

In Kadaperi, there are 142 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 7,700 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, placing Kamachi Nagar 1-st St's 2024 figure above this median.

• Kamachi Nagar 2-nd St: Rs 2,750 per sq.ft (2024)
• Kamachi Nagar 3rd Cross St: Rs 2,750 per sq.ft (2024)
• Kalyana Sundaram Street: Rs 1,320 per sq.ft (2024)
• Kamarajar Nagar (North)Amarar Jeeva Street: Rs 1,650 per sq.ft (2024)
• kalangal Street: Rs 880 per sq.ft (2024)
• Kalaingar street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Kamachi Nagar 1-st St

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, while the registration fee at 2% would be Rs 55,000. Together, the total cost for these fees would be Rs 2,47,500. Please note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kamachi Nagar 1-st St?

The Kamachi Nagar 1-st St falls under the Tambaram Joint 1 Sub Registrar Office, located at No.26, mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Kadaperi. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the sale or purchase of real estate.

Frequently asked questions

What is the current guideline value of Kamachi Nagar 1-st St?

The current guideline value of Kamachi Nagar 1-st St is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 850 per sq.ft in 2007 to Rs 2,750 per sq.ft in 2024, which is an overall increase of 224%.

What is the land classification for Kamachi Nagar 1-st St?

The land classification for Kamachi Nagar 1-st St is Residential Special Type - I.

Where can I find the registration office for Kamachi Nagar 1-st St?

The registration office covering Kamachi Nagar 1-st St is the Tambaram Joint 1 Sub Registrar Office, located at No.26, mes Road, East Tambaram, Chennai-600059.

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

Other streets in Kadaperi with similar guideline values include Kamachi Nagar 2-nd St and Kamachi Nagar 3rd Cross St, both at Rs 2,750 per sq.ft in 2024.