Guideline Value for Kamadenu Enclave

Kamadenu Enclave guideline value

The current guideline value of Kamadenu Enclave is Rs 825 per sq.ft, effective from 1 July 2024. This property is located in Vellavedu village, under the Poonamallee SRO, and is classified as Residential Special Type - I.

How the guideline value of Kamadenu Enclave has changed

The guideline value for Kamadenu Enclave has undergone several revisions over the years. In 2012, the value was Rs 750 per sq.ft, which then decreased to Rs 502 per sq.ft in 2017. Following this, the value increased significantly to Rs 750 per sq.ft in 2023, and currently stands at Rs 825 per sq.ft as of the 2024 revision.

From 2017 to 2023, there was a notable increase of 49%, while the change from 2012 to 2017 saw a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Vellavedu

In Vellavedu, there are 11 streets under the Poonamallee SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 2,475 per sq.ft. The median guideline value for these streets is Rs 1,320 per sq.ft, placing Kamadenu Enclave's 2024 figure below that median.

• Chennai Royal City "mohan Garden": Rs 2,475 per sq.ft (2024)
• Chennai Royal City: Rs 2,475 per sq.ft (2024)
• New Metro Nagar: Rs 1,660 per sq.ft (2024)
• N.S.R Street: Rs 825 per sq.ft (2024)
• Shree Vaari Garden Phase-I: Rs 1,500 per sq.ft (2024)
• Sree Vaari Garden Phase - II: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Kamadenu Enclave

For a 1,000 sq.ft plot at the current guideline value of Rs 825 per sq.ft, the total guideline value would be Rs 8,25,000. The stamp duty at 7% would amount to Rs 57,750, while the registration fee at 2% would be Rs 16,500. Therefore, the total cost for these fees would be Rs 74,250. 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 our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamadenu Enclave?

The Kamadenu Enclave falls under the jurisdiction of the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Vellavedu, as it determines the minimum value at which a property can be registered. When a buyer and seller agree on a sale price, the registration office will charge stamp duty based on the higher value between the guideline value and the sale price.

This ensures that the government receives due revenue from property transactions, as the stamp duty is calculated based on the guideline value. It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Kamadenu Enclave?

The current guideline value of Kamadenu Enclave is Rs 825 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2012 to Rs 502 per sq.ft in 2017, then increased to Rs 750 per sq.ft in 2023, and currently stands at Rs 825 per sq.ft as of 2024.

What is the registration office for Kamadenu Enclave?

The registration office for Kamadenu Enclave is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.

How is stamp duty calculated for properties in Kamadenu Enclave?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 8,25,000, the stamp duty would be Rs 57,750 at a rate of 7%.

What are the guideline values for other streets in Vellavedu?

Other streets in Vellavedu have varying guideline values, ranging from Rs 550 to Rs 2,475 per sq.ft. The median value for these streets is Rs 1,320 per sq.ft.