Guideline Value for Kamalammal Nagar

Kamalammal Nagar guideline value

The current guideline value of Kamalammal Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is located in Kathivakkam village, under the Thiruvottiyur SRO, and is classified as Residential Class I Type - II.

How the guideline value of Kamalammal Nagar has changed

The guideline value for Kamalammal Nagar has undergone several revisions over the years. In the 2002 revision, the guideline value was Rs 105 per sq.ft. It increased to Rs 125 per sq.ft in 2003, marking a 19% rise. The value continued to grow, reaching Rs 200 per sq.ft in 2007, which was a 60% increase from the previous revision. By 2012, the guideline value rose to Rs 600 per sq.ft, reflecting a significant 200% increase. However, the 2017 revision saw a decrease to Rs 402 per sq.ft, a decline of 33% from the previous figure. The value then increased to Rs 1,000 per sq.ft in the 2023 revision, showing a 149% rise. The current 2024 revision maintains this value at Rs 1,000 per sq.ft, indicating no change from 2023.

There are no figures available for revisions other than those listed. The overall increase from the 2002 revision to the current 2024 revision is 852%.

Guideline values in Kathivakkam

Kathivakkam village has a total of 47 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 1,600 per sq.ft, with a median value of Rs 1,001 per sq.ft. The guideline value for Kamalammal Nagar is below this median.

• Kamaraj Nagar All Street: Rs 1,100 per sq.ft (2024)
• Kathivakkam HighRoad: Rs 1,600 per sq.ft (2024)
• Kattukkuppam: Rs 1,001 per sq.ft (2024)
• Indra Nagar: Rs 1,001 per sq.ft (2024)
• Harizan colony: Rs 1,000 per sq.ft (2024)
• Gandhi Nagar: Rs 1,001 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 1,000 per sq.ft, the total guideline value is Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total to Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, 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 Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more details.

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

The guideline value is an important factor during the registration of property transactions in Kathivakkam. It serves as a reference point for determining the applicable stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When buying or selling property in Kamalammal Nagar, it is essential to consider the guideline value as it impacts the overall cost of the transaction. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Kamalammal Nagar?

The current guideline value of Kamalammal Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, starting from Rs 105 per sq.ft in 2002 to Rs 1,000 per sq.ft in 2024, reflecting an overall increase of 852%.

What is the land classification of Kamalammal Nagar?

Kamalammal Nagar is classified as Residential Class I Type - II under the guideline value register.

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

The Sub Registrar Office for Kamalammal Nagar is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value incurs a total cost of Rs 90,000 for stamp duty and registration fees combined.