Guideline Value for Kamadenu Nagar

Kamadenu Nagar guideline value

The current guideline value of Kamadenu Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024. This area is located in Perungalathur village, under the Padappai SRO, and is classified as Residential Class III Type - I.

How the guideline value of Kamadenu Nagar has changed

The guideline value for Kamadenu Nagar has undergone several revisions over the years. The earliest recorded figure is from 2007, when it was Rs 200 per sq.ft. This value saw a significant increase to Rs 1,800 per sq.ft in 2012, marking an increase of 800%. However, it then decreased to Rs 1,206 per sq.ft in 2017, a reduction of 33%. The value rose again to Rs 1,800 per sq.ft in 2023, followed by the latest revision in 2024, which set the guideline value at Rs 1,980 per sq.ft, reflecting a 10% increase.

There are no recorded figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 890%.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO, with 2024 guideline values ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,310 per sq.ft, placing Kamadenu Nagar's 2024 figure below that median.

• Kamala Nagar: Rs 1,980 per sq.ft (2024)
• Kalki Street: Rs 2,310 per sq.ft (2024)
• Kamarajar Salai: Rs 2,970 per sq.ft (2024)
• Kalaivanar Street: Rs 2,310 per sq.ft (2024)
• Kalaingar Karunanthi Street: Rs 2,310 per sq.ft (2024)
• Kamaraj High Road: Rs 2,970 per sq.ft (2024)

Stamp duty and registration fee for property in Kamadenu Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, leading to a total of Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kamadenu Nagar?

The Sub Registrar Office that covers Kamadenu Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Perungalathur. It serves as a benchmark for determining the stamp duty and registration fees that buyers must pay during the transaction process.

When purchasing property, the guideline value ensures that the government receives appropriate revenue from property transactions, as the duty is charged on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Kamadenu Nagar?

The current guideline value of Kamadenu Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 1,980 per sq.ft in 2024, reflecting an overall increase of 890% over the years.

What is the median guideline value in Perungalathur?

The median guideline value in Perungalathur is Rs 2,310 per sq.ft, with Kamadenu Nagar's value being below this median.

What are the stamp duty and registration fees for property in Kamadenu Nagar?

For a 1,000 sq.ft property at the guideline value of Rs 1,980 per sq.ft, the total guideline value is Rs 19,80,000. The stamp duty would be Rs 1,38,600 and the registration fee would be Rs 39,600, totaling Rs 1,78,200.

Where is the Sub Registrar Office for Kamadenu Nagar located?

The Sub Registrar Office for Kamadenu Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.