Guideline Value for Kamarajapuram Vanchi Nagar

Kamarajapuram Vanchi Nagar guideline value

The current guideline value of Kamarajapuram Vanchi Nagar is Rs 1,800 per sq.ft, effective from 1 July 2024. This area is located in Ambattur village, under the Ambattur SRO, and is classified as Residential Class IV Type - III.

How the guideline value of Kamarajapuram Vanchi Nagar has changed

The guideline value for Kamarajapuram Vanchi Nagar has undergone several revisions over the years. In 2012, the value was set at Rs 1,700 per sq.ft, which then decreased to Rs 1,139 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,700 per sq.ft in 2023, and further rose to the current rate of Rs 1,800 per sq.ft in 2024.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The overall change from 2012 to 2024 shows an increase of 6%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 1,400 to Rs 8,209 per sq.ft, with a median value of Rs 3,600 per sq.ft. The guideline value for Kamarajapuram Vanchi Nagar is below this median.

• Kamarajapuram T.V.K Street: Rs 1,800 per sq.ft (2024)
• Kamarajapuram V.O.C. Street: Rs 1,800 per sq.ft (2024)
• Kamarajapuram Thulukanathamman Koil Street: Rs 1,800 per sq.ft (2024)
• Kamarajapuram Thiruvalluvar Street: Rs 1,800 per sq.ft (2024)
• Kamarajapuram Thiruvallur Street: Rs 1,800 per sq.ft (2024)
• Kamarajapuram Sivasankaran Kovil Street: Rs 1,800 per sq.ft (2024)

Stamp duty and registration fee for property in Kamarajapuram Vanchi Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,800 per sq.ft, the guideline value amounts to Rs 18,00,000. The stamp duty at 7% would be Rs 1,26,000, and the registration fee at 2% would be Rs 36,000, totaling Rs 1,62,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamarajapuram Vanchi Nagar?

The Kamarajapuram Vanchi Nagar area falls under 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 Ambattur

The guideline value is a crucial factor in the registration process when buying or selling property in Ambattur. It serves as a reference point for determining the stamp duty and registration fees that must 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 fees. This ensures that the registration process reflects the current market conditions and values.

Frequently asked questions

What is the current guideline value of Kamarajapuram Vanchi Nagar?

The current guideline value of Kamarajapuram Vanchi Nagar is Rs 1,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,700 per sq.ft in 2012 to Rs 1,139 per sq.ft in 2017, then to Rs 1,700 per sq.ft in 2023, and finally to Rs 1,800 per sq.ft in 2024.

What is the land classification of Kamarajapuram Vanchi Nagar?

Kamarajapuram Vanchi Nagar is classified as Residential Class IV Type - III.

Where can I find the Ambattur Sub Registrar Office?

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

How is stamp duty calculated for properties in Kamarajapuram Vanchi Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 18,00,000, the stamp duty would be calculated at 7% of this amount.