Guideline Value for Kamatchi Amman Nagar

Kamatchi Amman Nagar guideline value

The current guideline value of Kamatchi Amman Nagar is Rs 440 per sq.ft, effective from 1 July 2024. This area is located in Pullilyon village, under the Redhills SRO, and is classified as Residential Class III Type - I.

How the guideline value of Kamatchi Amman Nagar has changed

The guideline value for Kamatchi Amman Nagar has seen significant revisions over the years. Starting from Rs 29 per sq.ft in 2003, it increased to Rs 200 per sq.ft in 2007. The value then rose to Rs 400 per sq.ft in 2012, but dropped to Rs 268 per sq.ft in 2017. The 2023 revision brought it back up to Rs 400 per sq.ft, and the most recent revision in 2024 set it at Rs 440 per sq.ft. Notably, there is no figure for this street in the 2002 register.

In terms of percentage changes, the guideline value increased by 590% from 2003 to 2007, decreased by 33% from 2012 to 2017, and then saw a substantial increase of 49% from 2017 to 2023. The jump from 2023 to 2024 was 10%. Overall, from 2003 to 2024, the guideline value has increased by 1,417%.

Guideline values in Pullilyon

In Pullilyon village, there are 77 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median value is Rs 700 per sq.ft, placing Kamatchi Amman Nagar's 2024 figure below that median.

• Jaya Nagar: Rs 770 per sq.ft (2024)
• Kistammal Nagar: Rs 440 per sq.ft (2024)
• Jawahar Nagar: Rs 2,200 per sq.ft (2024)
• Jawaharlal Nagar: Rs 2,200 per sq.ft (2024)
• G.R. Haroon Ullasa City Nagar: Rs 770 per sq.ft (2024)
• G.R.Garden Phase-II: Rs 700 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 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty at 7% would amount to Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total cost for these fees to Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamatchi Amman Nagar?

The Sub Registrar Office that covers Kamatchi Amman Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Pullilyon. It is used to determine the stamp duty and registration fees that must be paid during the transaction. Buyers and sellers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value is essential for anyone involved in property transactions in the area, as it affects the overall cost of buying or selling a property. It is advisable to consult the latest revisions and figures to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Kamatchi Amman Nagar?

The current guideline value of Kamatchi Amman Nagar is Rs 440 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 29 per sq.ft in 2003 to Rs 440 per sq.ft in 2024, reflecting an overall increase of 1,417% over the years.

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

For a 1,000 sq.ft plot, the total stamp duty would be Rs 30,800, and the registration fee would be Rs 8,800, totaling Rs 39,600, based on the current guideline value.

Which Sub Registrar Office covers Kamatchi Amman Nagar?

The Redhills Sub Registrar Office covers Kamatchi Amman Nagar, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What is the significance of the guideline value in property transactions?

The guideline value is essential for determining the stamp duty and registration fees during property transactions. It ensures that the fees are calculated based on the higher of the guideline value or the sale price, providing a standard for property valuation in the area.