Guideline Value for Kamadhenu Nagar

Kamadhenu Nagar guideline value

The current guideline value of Kamadhenu Nagar is Rs 1,540 per sq.ft, effective from 1 July 2024. This area is located in Thiruverkadu village and falls under the Kunrathur SRO. The land classification for this locality is Residential Class I Type - I.

How the guideline value of Kamadhenu Nagar has changed

The guideline value of Kamadhenu Nagar has seen several revisions over the years. In 2007, the guideline value was Rs 300 per sq.ft, which increased significantly to Rs 1,400 per sq.ft in 2012. However, there was a decrease to Rs 938 per sq.ft in 2017. The value then rose to Rs 1,400 per sq.ft in 2023 and is currently set at Rs 1,540 per sq.ft from the 2024 revision. The register has no figure for this street in 2002 and 2003.

Between the revisions, the changes are noteworthy. From 2007 to 2012, there was a substantial increase of 367%, followed by a decrease of 33% from 2012 to 2017. The guideline value then increased by 49% from 2017 to 2023, and a further increase of 10% was observed from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 413%.

Guideline values in Thiruverkadu

In Thiruverkadu, there are 178 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 1,430 to Rs 3,520 per sq.ft. The median guideline value for the area is Rs 1,540 per sq.ft, which is the same as the current value for Kamadhenu Nagar.

• Kamadenu Nagar 7th Cross Street: Rs 1,540 per sq.ft (2024)
• Kamadenu Nagar 6th Cross Street: Rs 1,540 per sq.ft (2024)
• Kamadenu Nagar 5th Cross Street: Rs 1,540 per sq.ft (2024)
• Kamadhenu Nagar Extension I: Rs 1,540 per sq.ft (2024)
• Kamadenu Nagar 4th Cross Street: Rs 1,540 per sq.ft (2024)
• Kamadenu Nagar 3rd Cross Street: Rs 1,540 per sq.ft (2024)

Stamp duty and registration fee for property in Kamadhenu Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value would be Rs 15,40,000. The stamp duty at 7% would amount to Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, making the total cost of duty and fees Rs 1,38,600. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kamadhenu Nagar?

The Sub Registrar Office that covers Kamadhenu Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thiruverkadu. It serves as a benchmark for determining the stamp duty and registration fees that must be paid at the time of the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Kamadhenu Nagar?

The current guideline value of Kamadhenu Nagar is Rs 1,540 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 1,540 per sq.ft in 2024, reflecting an overall increase of 413% over the years.

What are the other streets with the same guideline value in Thiruverkadu?

Other streets in Thiruverkadu with the same guideline value of Rs 1,540 per sq.ft include Kamadenu Nagar 7th Cross Street, Kamadenu Nagar 6th Cross Street, Kamadenu Nagar 5th Cross Street, Kamadhenu Nagar Extension I, Kamadenu Nagar 4th Cross Street, and Kamadenu Nagar 3rd Cross Street.

What is the stamp duty rate for properties in Kamadhenu Nagar?

The stamp duty rate for properties in Kamadhenu Nagar is 7% of the guideline value or the sale price, whichever is higher.

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

The Sub Registrar Office for Kamadhenu Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.