Guideline Value for Kamadenu Nagar

Kamadenu Nagar guideline value

The current guideline value of Kamadenu Nagar is Rs 1,200 per sq.ft, effective from 1 July 2024. This area is located in Madambakkam village and falls under the Gooduvancheri SRO, classified as Commercial Special Type - I.

How the guideline value of Kamadenu Nagar has changed

The guideline value for Kamadenu Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which remained unchanged in the subsequent 2017 revision, where it was also Rs 1,200 per sq.ft. However, the 2017 revision marked a significant increase from the 2012 figure, as the value had previously decreased by 33% from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in the 2017 revision. The 2023 revision also maintained the value at Rs 1,200 per sq.ft, and the 2024 revision has kept it the same, showing no percentage change from the previous year.

The revisions for the years 2002, 2003, and 2007 do not have figures available for this street in the register. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 1,200 per sq.ft.

Guideline values in Madambakkam

In Madambakkam, there are 110 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 2,000 per sq.ft, with a median value of Rs 1,200 per sq.ft. Kamadenu Nagar's 2024 figure aligns with this median.

• Kanchi Kamakotti Nagar: Rs 1,200 per sq.ft (2024)
• Jini Skukriti: Rs 1,200 per sq.ft (2024)
• Jini Nagar Extn: Rs 1,200 per sq.ft (2024)
• Jini Nagar: Rs 1,200 per sq.ft (2024)
• Jini City: Rs 1,200 per sq.ft (2024)
• Karthik Nagar: Rs 1,200 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 1,200 per sq.ft, the total guideline value would be Rs 12,00,000. The stamp duty at 7% would amount to Rs 84,000, and the registration fee at 2% would be Rs 24,000, leading to a total of Rs 1,08,000. 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 details.

Which Sub Registrar Office covers Kamadenu Nagar?

Kamadenu Nagar is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Madambakkam, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on an official valuation.

It is essential for buyers and sellers to be aware of the guideline value to avoid any discrepancies during the registration process. This value helps in maintaining transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value of Kamadenu Nagar?

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

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,200 per sq.ft in 2012, 2023, and 2024, while it was Rs 804 per sq.ft in 2017. There were no figures available for the years 2002, 2003, and 2007.

What is the land classification of Kamadenu Nagar?

Kamadenu Nagar is classified as Commercial Special Type - I, which may affect its usage and potential development.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Kamadenu Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 12,00,000 would incur a stamp duty of Rs 84,000 at a rate of 7%.