Guideline Value for Kamatchi Amman Nagar

Kamatchi Amman Nagar guideline value

The current guideline value of Kamatchi Amman Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Varadarajapuram village, under the Padappai SRO, and is classified as Residential Special Type - II.

How the guideline value of Kamatchi Amman Nagar has changed

The guideline value for Kamatchi Amman Nagar has undergone several revisions over the years. In 2007, the guideline value was Rs 120 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012, marking a change of +1150%. However, it then decreased to Rs 1,005 per sq.ft in 2017, a drop of -33%. Following this, the value rose sharply to Rs 1,500 per sq.ft in 2023, reflecting an increase of +49%. The most recent revision in 2024 set the guideline value at Rs 1,650 per sq.ft, an increase of +10% from the previous year.

It is important to note that 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 +1275%.

Guideline values in Varadarajapuram

In Varadarajapuram, there are 250 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 4,100 per sq.ft. The median guideline value is Rs 1,650 per sq.ft, which is equal to the current guideline value of Kamatchi Amman Nagar.

• Kanagavalli Nagar: Rs 990 per sq.ft (2024)
• Kannadasan Nagar: Rs 990 per sq.ft (2024)
• Kalpataru Guru Ganesh Avenue Phase-I: Rs 2,480 per sq.ft (2024)
• Karthiga Nagar: Rs 1,650 per sq.ft (2024)
• Kalaam Nagar: Rs 990 per sq.ft (2024)
• Kabhi Nagar: Rs 1,650 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 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, while the registration fee at 2% would be Rs 33,000. Together, the total cost for these fees would be Rs 1,48,500. 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kamatchi Amman Nagar?

The Sub Registrar Office that covers Kamatchi Amman Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Varadarajapuram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately with the appropriate fees paid.

When a property is sold, the buyer and seller must consider the guideline value to calculate the stamp duty and registration fees. This ensures compliance with local regulations and helps in maintaining transparency in 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 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, starting from Rs 120 per sq.ft in 2007, increasing to Rs 1,500 in 2012, then decreasing to Rs 1,005 in 2017, and finally rising to Rs 1,650 in 2024.

What is the median guideline value in Varadarajapuram?

The median guideline value in Varadarajapuram is Rs 1,650 per sq.ft, which is the same as the current guideline value of Kamatchi Amman Nagar.

What are the stamp duty and registration fees for a property in Kamatchi Amman Nagar?

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Where is the Sub Registrar Office for Kamatchi Amman Nagar located?

The Sub Registrar Office for Kamatchi Amman Nagar is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.