Guideline Value for Kamachi Nagar

Kamachi Nagar guideline value

The current guideline value of Kamachi Nagar, located in Vallam village under the Sriperumpudur SRO, is Rs 200 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class III Type - I.

How the guideline value of Kamachi Nagar has changed

Over the years, the guideline value for Kamachi Nagar has seen several revisions. The earliest recorded figure is from 2007, where the guideline value was Rs 50 per sq.ft. This increased to Rs 200 per sq.ft in 2012, marking a significant rise of 300%. However, from 2012 to 2017, the value decreased by 33% to Rs 134 per sq.ft. The subsequent revision in 2023 maintained the same value of Rs 200 per sq.ft, and this figure remains unchanged in the 2024 revision.

From 2017 to 2023, the guideline value increased by 49%, returning to Rs 200 per sq.ft. Overall, from 2007 to 2024, the guideline value has increased by 300%. It is important to note that there are no recorded figures for Kamachi Nagar in the years 2002 and 2003.

Guideline values in Vallam

In Vallam, there are 51 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 1,950 per sq.ft. The median value is Rs 200 per sq.ft, which is equal to the current guideline value of Kamachi Nagar.

• Jemi Housing VMR Nagar Phase 3: Rs 200 per sq.ft (2024)
• Kavery Nagar: Rs 410 per sq.ft (2024)
• Highway: Rs 601 per sq.ft (2024)
• Kumaran Nagar: Rs 200 per sq.ft (2024)
• Green Holiday Resorts: Rs 300 per sq.ft (2024)
• Gowtham Nagar Extn-IV: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Kamachi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kamachi Nagar?

The Sub Registrar Office that covers Kamachi Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process of property transactions in Vallam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for both the buyer and seller. It ensures transparency in transactions, as the duty is levied based on the higher of the guideline value or the sale price, thus protecting the interests of all parties involved.

Frequently asked questions

What is the current guideline value of Kamachi Nagar?

The current guideline value of Kamachi Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 50 per sq.ft in 2007 to Rs 200 per sq.ft in 2012, then decreased to Rs 134 per sq.ft in 2017, and returned to Rs 200 per sq.ft in 2023 and 2024.

What is the land classification for Kamachi Nagar?

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

Where can I find the Sub Registrar Office for Kamachi Nagar?

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

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the guideline value of Rs 200 per sq.ft results in a total guideline value of Rs 2,00,000, with applicable stamp duty and registration fees calculated accordingly.