Guideline Value for Kamalammal Nagar

Kamalammal Nagar guideline value

The current guideline value of Kamalammal Nagar is Rs 1,900 per sq.ft, effective from 1 July 2024. This area is located in Thirumullaivoyal village, under the Ambattur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Kamalammal Nagar has changed

The guideline value for Kamalammal Nagar has seen several revisions over the years. Starting from Rs 144 per sq.ft in 2002, the value increased to Rs 175 per sq.ft in 2003, marking a 22% rise. The value then rose to Rs 200 per sq.ft in 2007, which was a 14% increase. In 2012, the value was Rs 1,800 per sq.ft, reflecting an 800% increase from 2007. However, it dropped to Rs 1,206 per sq.ft in 2017, which was a decrease of 33% from the previous revision.

From 2017 to 2023, the guideline value increased significantly to Rs 1,800 per sq.ft, a rise of 49%. The most recent revision in 2024 has set the guideline value at Rs 1,900 per sq.ft, which is a 6% increase from 2023. Overall, from 2002 to 2024, the guideline value has increased by 1219%.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO, with guideline values ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 2,400 per sq.ft, placing Kamalammal Nagar's 2024 figure below that median.

• Kamalammal Avenue: Rs 1,900 per sq.ft (2024)
• Kamalam Nagar: Rs 2,400 per sq.ft (2024)
• Kamalam Nagar 1St Street: Rs 2,400 per sq.ft (2024)
• Kamalam Nagar 2nd Street: Rs 2,400 per sq.ft (2024)
• Kamalam Nagar 3rd Street: Rs 2,400 per sq.ft (2024)
• Kamalam Nagar 4th Street: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Kamalammal Nagar

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 be Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, totaling Rs 1,71,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamalammal Nagar?

The Sub Registrar Office that covers Kamalammal Nagar 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 here.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thirumullaivoyal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. 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 Kamalammal Nagar?

The current guideline value of Kamalammal Nagar 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 several times, starting from Rs 144 per sq.ft in 2002 to Rs 1,900 per sq.ft in 2024, which is an overall increase of 1219%.

What is the land classification of Kamalammal Nagar?

Kamalammal Nagar is classified as Residential Class II Type - I, indicating its designation for residential purposes.

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

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

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

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 19,00,000, the stamp duty would be Rs 1,33,000 at 7%.