Guideline Value for Kamatchi Amman Nagar 2nd Street

Kamatchi Amman Nagar 2nd Street guideline value

The current guideline value of Kamatchi Amman Nagar 2nd Street is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in the village of Mangadu -A under the Kunrathur SRO, and it falls under the land classification of Residential Special Type - III.

How the guideline value of Kamatchi Amman Nagar 2nd Street has changed

The guideline value for Kamatchi Amman Nagar 2nd Street has undergone several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 1,980 per sq.ft, an increase from Rs 1,800 per sq.ft in 2023, marking a change of +10%. Prior to that, in 2017, the guideline value was Rs 1,206 per sq.ft, which means there was a significant increase of +49% from 2017 to 2023. Overall, from 2017 to 2024, the guideline value has increased by +64%.

It is important to note that the register has no figures for Kamatchi Amman Nagar 2nd Street for the years 2002, 2003, 2007, and 2012. This lack of data indicates that the street's guideline value was not revised during those years.

Guideline values in Mangadu -A

In Mangadu -A, there are 208 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 1,870 per sq.ft, positioning Kamatchi Amman Nagar 2nd Street above this median value.

• Kamatchi Amman Nagar 1st Street: Rs 1,980 per sq.ft (2024)
• Kamatchi Amman Nagar Extn: Rs 1,980 per sq.ft (2024)
• Kamatchi Amman Nagar: Rs 1,980 per sq.ft (2024)
• Kamatchi Amman Koil Street: Rs 1,980 per sq.ft (2024)
• Kamatchi Amman Koil IICross Street: Rs 1,980 per sq.ft (2024)
• Kamatchi Amman Koil I Cross Street: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Kamatchi Amman Nagar 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total fees together to Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kamatchi Amman Nagar 2nd Street?

The Kamatchi Amman Nagar 2nd Street is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Mangadu -A

The guideline value is a crucial factor when registering a property in Mangadu -A. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately for legal and taxation purposes.

When you buy or sell property, the guideline value impacts the calculation of stamp duty and registration fees, which are essential costs associated with property transactions. Buyers must consider these fees as part of their overall budget when purchasing property in the area.

Frequently asked questions

What is the current guideline value of Kamatchi Amman Nagar 2nd Street?

The current guideline value of Kamatchi Amman Nagar 2nd Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,206 per sq.ft in 2017 to Rs 1,800 per sq.ft in 2023, and then to Rs 1,980 per sq.ft in 2024, reflecting an overall increase of +64% from 2017 to 2024.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600, and the registration fee would be Rs 39,600, totaling Rs 1,78,200.

Which office handles property registration for Kamatchi Amman Nagar 2nd Street?

The Kunrathur Sub Registrar Office handles property registration for Kamatchi Amman Nagar 2nd Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the median guideline value for streets in Mangadu -A?

The median guideline value for streets in Mangadu -A is Rs 1,870 per sq.ft, with Kamatchi Amman Nagar 2nd Street's value being above this median at Rs 1,980 per sq.ft.