Guideline Value for Kamatachi Amman Nagar (Kamatachi Nagar)

Kamatachi Amman Nagar (Kamatachi Nagar) guideline value

The current guideline value for Kamatachi Amman Nagar (Kamatachi Nagar) is Rs 1,760 per sq.ft, effective from 1 July 2024. This area is located in Anakaputhur village under the Pammal SRO and is classified as Residential Class II Type - I.

How the guideline value of Kamatachi Amman Nagar (Kamatachi Nagar) has changed

The guideline value for Kamatachi Amman Nagar has seen significant changes over the years. In 2003, the value was Rs 190 per sq.ft, which increased to Rs 415 per sq.ft in 2007, marking an increase of 118%. The value then rose to Rs 1,072 per sq.ft in 2017, reflecting a substantial increase of 158%. By 2023, the guideline value reached Rs 1,600 per sq.ft, a 49% rise from the previous revision. The latest revision in 2024 set the value at Rs 1,760 per sq.ft, a 10% increase from 2023.

It is important to note that the register has no figures for the years 2002 and 2012 for this street. Overall, from 2003 to 2024, the guideline value has increased by 826%.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 4,640 per sq.ft, with a median value of Rs 1,980 per sq.ft. The guideline value for Kamatachi Amman Nagar is below this median.

• Kamaraj Salai (Thiruneermalai Road): Rs 2,860 per sq.ft (2024)
• Kamaraj Road: Rs 2,860 per sq.ft (2024)
• Kamarajpuram: Rs 1,760 per sq.ft (2024)
• Kamatchi Nagar 1st Street: Rs 1,760 per sq.ft (2024)
• Kamatchi Nagar 2nd Street: Rs 1,760 per sq.ft (2024)
• Kamatchi Nagar 3rd Street: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Kamatachi Amman Nagar (Kamatachi Nagar)

For a 1,000 sq.ft plot at the current rate of Rs 1,760 per sq.ft, the guideline value amounts to Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, totaling Rs 1,58,400. 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 more details.

Which Sub Registrar Office covers Kamatachi Amman Nagar (Kamatachi Nagar)?

The Sub Registrar Office that covers Kamatachi Amman Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

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

When a property is sold, the buyer and seller must ensure that the sale price is at least equal to the guideline value to avoid any discrepancies during registration. This helps maintain transparency and ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kamatachi Amman Nagar?

The current guideline value of Kamatachi Amman Nagar (Kamatachi Nagar) is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 190 per sq.ft in 2003 to Rs 1,760 per sq.ft in 2024, with significant increases noted in each revision year.

What is the registration office for Kamatachi Amman Nagar?

The registration office for Kamatachi Amman Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is stamp duty calculated for properties in Kamatachi Amman Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 17,60,000 would incur a stamp duty of Rs 1,23,200 at 7%.

What land classification is Kamatachi Amman Nagar under?

Kamatachi Amman Nagar is classified as Residential Class II Type - I, which influences its guideline value and usage for property transactions.