Guideline Value for Kamachi Nagar 2-nd St

Kamachi Nagar 2-nd St guideline value

The current guideline value of Kamachi Nagar 2-nd St is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Kadaperi village and falls under the Tambaram Joint 1 SRO, with a land classification of Residential Special Type - I.

How the guideline value of Kamachi Nagar 2-nd St has changed

The guideline value for Kamachi Nagar 2-nd St has seen several revisions over the years. In the 2007 revision, the guideline value was Rs 850 per sq.ft. This increased significantly to Rs 2,500 per sq.ft in the 2012 revision, marking a rise of 194%. However, the value then dropped by 33% to Rs 1,675 per sq.ft in the 2017 revision. The 2023 revision saw a substantial increase to Rs 2,500 per sq.ft, followed by another rise of 10% to the current value of Rs 2,750 per sq.ft in 2024.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 224%. It is important to note that there are no figures available for the years 2002 and 2003 in the register 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 guideline value in this area is Rs 1,650 per sq.ft, placing Kamachi Nagar 2-nd St's 2024 figure above that median.

• Kamachi Nagar 1-st 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 2-nd St

For a 1,000 sq.ft plot at the current rate of Rs 2,750 per sq.ft, the guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total to Rs 2,47,500. It is important to 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 2-nd St?

The Sub Registrar Office that covers Kamachi Nagar 2-nd St is 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 critical factor when buying or selling property in Kadaperi, as it determines the minimum price at which a property can be registered. This value is used to calculate the stamp duty and registration fees that are payable at the time of registration.

When a property is sold, the buyer and seller must ensure that the sale price is at least equal to the guideline value to avoid any legal issues during registration. The registration process is overseen by the Sub Registrar Office, which verifies that all fees are paid based on the guideline value.

Frequently asked questions

What is the current guideline value of Kamachi Nagar 2-nd St?

The current guideline value of Kamachi Nagar 2-nd 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 from Rs 850 per sq.ft in 2007 to Rs 2,750 per sq.ft in 2024, marking an overall increase of 224% over this period.

What is the median guideline value in Kadaperi?

The median guideline value in Kadaperi is Rs 1,650 per sq.ft, with Kamachi Nagar 2-nd St's 2024 figure being above this median.

What are the stamp duty and registration fees for a property in Kamachi Nagar 2-nd St?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 2,47,500, based on the current guideline value of Rs 27,50,000.

Where is the Sub Registrar Office for Kamachi Nagar 2-nd St located?

The Sub Registrar Office for Kamachi Nagar 2-nd St is located at No.26, mes Road, East Tambaram, Chennai-600059, under the Chengalpattu registration zone.