Guideline Value for Kamadhenu Nagar

Kamadhenu Nagar guideline value

The current guideline value of Kamadhenu Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Elapakkam village under the Uthiramerur SRO, classified as Residential Class III Type - III.

How the guideline value of Kamadhenu Nagar has changed

The guideline value for Kamadhenu Nagar has remained consistent in recent revisions. The register shows no figures for the years 2002, 2003, 2007, 2012, and 2017. The revisions available are from 2023 and 2024, both set at Rs 300 per sq.ft, indicating no change between these two years.

In summary, the guideline value for Kamadhenu Nagar has not experienced any fluctuation since the 2023 revision, maintaining a steady rate of Rs 300 per sq.ft through to the 2024 revision.

Guideline values in Elapakkam

In Elapakkam, three streets under the Uthiramerur SRO have a 2024 guideline value ranging from Rs 300 to Rs 600 per sq.ft, with a median value of Rs 600 per sq.ft. Kamadhenu Nagar's 2024 figure is below this median.

• G.R.B Nagar: Rs 600 per sq.ft (2024)
• Sri Kabalishwarar Nagar Phase-I: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Kamadhenu Nagar

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamadhenu Nagar?

The Sub Registrar Office that covers Kamadhenu Nagar is the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a significant role in the registration process when buying or selling property in Elapakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is used to ensure that the transaction is registered at a fair value, preventing undervaluation. This helps maintain transparency and ensures that the appropriate taxes are collected by the government.

Frequently asked questions

What is the current guideline value of Kamadhenu Nagar?

The current guideline value of Kamadhenu Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Kamadhenu Nagar has remained constant at Rs 300 per sq.ft in the revisions for both 2023 and 2024. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification of Kamadhenu Nagar?

Kamadhenu Nagar is classified as Residential Class III Type - III. This classification is important for determining the appropriate guideline value and regulations applicable to the area.

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

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000, and the registration fee would be Rs 6,000, totaling Rs 27,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where can I find the Uthiramerur Sub Registrar Office?

The Uthiramerur Sub Registrar Office is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find more information by visiting the appropriate links.