Guideline Value for Kamatchi Amman Nagar

Kamatchi Amman Nagar guideline value

The current guideline value of Kamatchi Amman Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024. This area is located in Mangadu -A village under the Kunrathur SRO, classified as Residential Special Type - III.

How the guideline value of Kamatchi Amman Nagar has changed

The guideline value for Kamatchi Amman Nagar has seen significant changes over the years. The 2017 revision recorded a value of Rs 1,206 per sq.ft, which increased to Rs 1,800 per sq.ft in the 2023 revision. The latest 2024 revision shows a further increase to Rs 1,980 per sq.ft, marking a 10% rise from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The increase from 2017 to 2023 was 49%, highlighting a substantial growth in the guideline value during that period.

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, with a median value of Rs 1,870 per sq.ft. Kamatchi Amman Nagar's 2024 guideline value is above this median.

• 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 Nagar 1st Street: Rs 1,980 per sq.ft (2024)
• Kamatchi Amman Koil I Cross Street: Rs 1,980 per sq.ft (2024)
• Kamatchi Amman Nagar 2nd Street: Rs 1,980 per sq.ft (2024)
• Kamatchi Amman Nagar Extn: Rs 1,980 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 rate of Rs 1,980 per sq.ft, the 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, totaling Rs 1,78,200. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

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 more details.

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

The guideline value plays a crucial role in property transactions in Mangadu -A. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property in this area.

When a property is registered, the guideline value is compared to the sale price. The higher of the two amounts is used to calculate the applicable duties and fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kamatchi Amman Nagar?

The current guideline value of Kamatchi Amman Nagar 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 increased from Rs 1,206 per sq.ft in 2017 to Rs 1,800 per sq.ft in 2023 and is now Rs 1,980 per sq.ft in 2024. This represents a 64% increase from 2017 to 2024.

What is the land classification of Kamatchi Amman Nagar?

Kamatchi Amman Nagar is classified as Residential Special Type - III. This classification affects the guideline value and property regulations in the area.

Where can I find the Sub Registrar Office for Kamatchi Amman Nagar?

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

How are stamp duty and registration fees calculated in Kamatchi Amman Nagar?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 19,80,000 would incur a stamp duty of Rs 1,38,600 and a registration fee of Rs 39,600.