Guideline Value for Kamatchi Amman Nagar

Kamatchi Amman Nagar guideline value

The current guideline value of Kamatchi Amman Nagar is Rs 3,520 per sq.ft, effective from 1 July 2024. This locality is situated in Madanandapuram village, under the Kunrathur SRO, and is classified as Residential Special Type - II.

How the guideline value of Kamatchi Amman Nagar has changed

The guideline value of Kamatchi Amman Nagar has undergone several revisions over the years. The earliest recorded figure is from 2007, which was Rs 400 per sq.ft. This value saw a significant increase to Rs 3,200 per sq.ft in 2012, marking a rise of 700%. However, by 2017, the value dropped to Rs 2,144 per sq.ft, a decline of 33%. The value then increased to Rs 3,200 per sq.ft in 2023, which was a 49% rise. The most recent revision in 2024 set the guideline value at Rs 3,520 per sq.ft, reflecting a 10% increase from the previous year.

The register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 780%.

Guideline values in Madanandapuram

In Madanandapuram, there are 94 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 2,530 to Rs 5,830 per sq.ft. The median value is Rs 3,520 per sq.ft, which matches the guideline value of Kamatchi Amman Nagar.

• Kannappan Nagar: Rs 3,520 per sq.ft (2024)
• Kalyani Avenue: Rs 3,190 per sq.ft (2024)
• Kalyan Avenue: Rs 3,190 per sq.ft (2024)
• Karpagambal Nagar: Rs 3,520 per sq.ft (2024)
• karpagambal Nagar Annuxe: Rs 3,520 per sq.ft (2024)
• Karumari Amman Nagar: Rs 3,520 per sq.ft (2024)

Stamp duty and registration fee for property in Kamatchi Amman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value would be Rs 35,20,000. The stamp duty at 7% would amount to Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, bringing the total to Rs 3,16,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kamatchi Amman Nagar?

The Sub Registrar Office that covers Kamatchi Amman Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when registering property transactions in Madanandapuram. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the registration process.

Frequently asked questions

What is the current guideline value of Kamatchi Amman Nagar?

The current guideline value of Kamatchi Amman Nagar is Rs 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 400 per sq.ft in 2007 to Rs 3,520 per sq.ft in 2024, reflecting an overall increase of 780% during this period.

What is the land classification of Kamatchi Amman Nagar?

Kamatchi Amman Nagar is classified as Residential Special Type - II, indicating its suitability for residential developments.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2% of the guideline value or sale price.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069, and it serves the Kamatchi Amman Nagar area.