Guideline Value for Kamachi Nagar

Kamachi Nagar guideline value

The current guideline value of Kamachi Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Vallam_B village, under the jurisdiction of the Sriperumpudur SRO. The land classification for this street is Residential Class III Type - I.

How the guideline value of Kamachi Nagar has changed

In the 2017 revision, the guideline value for Kamachi Nagar was set at Rs 134 per sq.ft. This figure saw a significant increase in the 2023 revision, where it was raised to Rs 200 per sq.ft, marking a 49% increase. The 2024 revision maintained this value at Rs 200 per sq.ft, reflecting a change of 0% from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for Kamachi Nagar, as the register does not contain any data for these revisions. Overall, from the 2017 revision to the 2024 revision, there has been an increase of 49% in the guideline value.

Guideline values in Vallam_B

Vallam_B village has a total of 73 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 1,950 per sq.ft. The median guideline value in this area is Rs 400 per sq.ft, which indicates that Kamachi Nagar's 2024 figure of Rs 200 per sq.ft is below the median value.

• Kamarajar Street: Rs 400 per sq.ft (2024)
• Jemi Housing VMR Nagar Phase 3: Rs 200 per sq.ft (2024)
• Kavery Nagar: Rs 400 per sq.ft (2024)
• K.R. Nagar: Rs 1,950 per sq.ft (2024)
• Highway: Rs 600 per sq.ft (2024)
• Green Holiday Resorts: Rs 300 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 amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, while the registration fee at 2% would be Rs 4,000, bringing the total fees to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

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 more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Vallam_B. It serves as the minimum value on which stamp duty and registration fees are calculated. Buyers and sellers must consider this value to ensure compliance with local regulations during the sale or purchase of property.

When a property is registered, the guideline value helps determine the official value of the property for taxation purposes. This ensures that the transaction is recorded accurately and that the appropriate taxes are paid based on the established guideline value.

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?

Since the 2017 revision, the guideline value has increased by 49%. It was Rs 134 per sq.ft in 2017 and is now Rs 200 per sq.ft in 2024.

What is the land classification for Kamachi Nagar?

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

Where is the Sub Registrar Office for Kamachi Nagar located?

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

How is stamp duty calculated for properties in Kamachi Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot valued at Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000, leading to a stamp duty of Rs 14,000.