Guideline Value for Kamakshi Nagar

Kamakshi Nagar guideline value

The current guideline value of Kamakshi Nagar is Rs 880 per sq.ft, effective from 1 July 2024. This area is located in Nandambakkam village and falls under the Padappai SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Kamakshi Nagar has changed

The guideline value for Kamakshi Nagar has seen significant changes over the years. In 2007, the value was Rs 50 per sq.ft, which increased dramatically to Rs 800 per sq.ft in 2012, marking a rise of 1500%. However, by 2017, the value decreased to Rs 536 per sq.ft, a drop of 33%. The value then increased to Rs 800 per sq.ft in 2023, and subsequently rose to Rs 880 per sq.ft in 2024, reflecting a 10% increase.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, the guideline value has increased by 1660%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Nandambakkam

Nandambakkam village has a total of 94 streets under the Padappai SRO, with guideline values ranging from Rs 440 to Rs 2,300 per sq.ft. The median guideline value for these streets is Rs 880 per sq.ft, which is equal to the current guideline value of Kamakshi Nagar.

• Kalaignar Nagar: Rs 720 per sq.ft (2024)
• Iyyan Nagar: Rs 880 per sq.ft (2024)
• Indra Nagar: Rs 770 per sq.ft (2024)
• Kodambakkam High Road: Rs 1,210 per sq.ft (2024)
• Krishna Nagar: Rs 990 per sq.ft (2024)
• Kumaran Nagar: Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Kamakshi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total to Rs 79,200. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamakshi Nagar?

The Sub Registrar Office that covers Kamakshi 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 Nandambakkam

The guideline value is a crucial factor when registering property in Nandambakkam. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the higher of the guideline value or the sale price of the property.

Frequently asked questions

What is the current guideline value of Kamakshi Nagar?

The current guideline value of Kamakshi Nagar is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value of Kamakshi Nagar changed over the years?

The guideline value has changed from Rs 50 per sq.ft in 2007 to Rs 880 per sq.ft in 2024, reflecting an overall increase of 1660%.

What is the median guideline value in Nandambakkam?

The median guideline value for streets in Nandambakkam is Rs 880 per sq.ft, which is equal to the current guideline value of Kamakshi Nagar.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 8,80,000. The stamp duty would be Rs 61,600 and the registration fee would be Rs 17,600, totaling Rs 79,200.

Which office handles registrations for Kamakshi Nagar?

The Padappai Sub Registrar Office handles registrations for Kamakshi Nagar, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.