Guideline Value for Kamalam Nagar Extn

Kamalam Nagar Extn guideline value

The current guideline value of Kamalam Nagar Extn is Rs 1,900 per sq.ft, effective from 1 July 2024. This area is located in Puthagaram village and falls under the Ambattur SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Kamalam Nagar Extn has changed

The guideline value for Kamalam Nagar Extn has undergone several revisions over the years. In 2012, the guideline value was Rs 1,800 per sq.ft, which then decreased to Rs 1,206 per sq.ft in 2017. Following this, there was a significant increase to Rs 1,800 per sq.ft in 2023 and further to Rs 1,900 per sq.ft in 2024, marking a 6% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, the change in guideline value is an increase of 6%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Puthagaram

Puthagaram village has 140 streets under the Ambattur SRO, with guideline values ranging from Rs 1,200 to Rs 3,800 per sq.ft. The median guideline value for this area is Rs 1,900 per sq.ft, which is equal to the current guideline value for Kamalam Nagar Extn.

• Kamaraj Nagar: Rs 1,900 per sq.ft (2024)
• Kamaraj Nagar Annex I: Rs 1,900 per sq.ft (2024)
• Kamaraj Nagar Annex II: Rs 1,900 per sq.ft (2024)
• Kaddappa Road: Rs 2,201 per sq.ft (2024)
• Jeyaparvthy Nagar: Rs 1,700 per sq.ft (2024)
• Jeyalakshmi Nagar: Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in Kamalam Nagar Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value would be Rs 19,00,000. The stamp duty at 7% would amount to Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, bringing the total fees together to Rs 1,71,000. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Kamalam Nagar Extn?

The Sub Registrar Office that covers Kamalam Nagar Extn is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Puthagaram. It serves as a benchmark for assessing the value of the property, ensuring that the transaction is recorded accurately in the official register.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Kamalam Nagar Extn?

The current guideline value of Kamalam Nagar Extn is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,900 per sq.ft in 2024.

What are the other streets in Puthagaram with similar guideline values?

Other streets in Puthagaram with a guideline value of Rs 1,900 per sq.ft include Kamaraj Nagar, Kamaraj Nagar Annex I, and Jeyalakshmi Nagar.

What fees are associated with buying property in Kamalam Nagar Extn?

When buying property, the fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Kamalam Nagar Extn?

The Sub Registrar Office for Kamalam Nagar Extn is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.